Skip to main content

NFO Review: ICICI Pru Regular Gold Savings Fund

 

 

ICICI Prudential Mutual Fund has launched an open-end Gold Fund, which will invest in ICICI Prudential Gold ETF. This will be the fifth fund of this kind.

 

Investment Strategy


The primary objective of the fund is to generate returns linked to the underlying scheme. The scheme will invest up to 100 per cent in the units of ICICI Prudential Gold ETF. However, it may also invest up to 5 per cent in debt & money market instruments.

 

Fund Manager


Mr. Chaitanya Pande will be the fund manager. He has over 15 years of fund management experience. He has graduated from St. Stephens College, New Delhi and has done PGDM from IMI, New Delhi. He also manages ICICI Prudential Gold ETF, S.M.A.R.T. Fund, Banking & PSU Debt Fund, Regular Savings Fund, all the FMPs and all the Interval Funds.

 

Fund House


ICICI Prudential Mutual Fund has been around for more than 16 years. Its assets under management as on June 30, 2011 are Rs 79,857 crores and it is the third largest fund house.

 

Comparison between a Gold ETF and Gold Fund of Fund


If an investor chooses to invest Rs. 50,000 each in Gold ETF through demat mode as well as in a regular Gold Savings Fund through physical application mode. He has to incur following charges in each case. Charges ICICI Pru Gold ETF ICICI Pru Regular Gold Savings Fund Account Opening Charges Nil Nil Annual Maintenance Charges of Demat A/C Rs 0 - Rs 1200 Nil Delivery Brokerage Charges^ Rs 25 - Rs 175 Nil Transaction Charges Rs 25 Nil Annual Scheme Recurring Expenses^^ Rs 750 Rs. 750 Total Rs. 800- Rs. 2150 Rs. 750
^Delivery brokerage charges is in the range of 0.05% to 0.35%.
^^capped at 1.50% under both options

 

Our View


If you want to invest in gold, you may invest 5 to 10 per cent of your overall portfolio in such a regular gold savings fund. However, one should keep in mind when to get out of such a fund whenever the prices start to decline.. Hence, ensuring a stop loss in such an investment becomes very important.

 

Basic Details


NFO Opens: September 20, 2011

NFO Closes: October 4, 2011 NFO
Price: Rs.10

Options: Growth and Dividend Minimum

Application Amount: Rs.5000/- and in multiples of Re.1 thereafter

Exit Load: 2% if redeemed/switched-out on or before 1 year from the date of allotment and NIL after 1 year.

Benchmark: Domestic Price of Gold

Fund Manager: Mr. Chaitanya Pande
 
 

-----------------------------------------------------------------

 

Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Popular posts from this blog

Mirae Asset Healthcare Fund

Best SIP Funds to Invest Online   Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018. Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks. Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund. In a press release, Swarup Mohanty, CEO, Mirae Asset Global Inves...
Read more

How to Decide your asset allocation with Mutual Funds?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) How to Decide your asset allocation ? The funds that base their equity allocation on market valuation have given stable returns in the past. Pick these if you are a buy-and-forget investor. Small investors are often victims of greed and fear. When markets are rising, greed makes the small investor increase his exposure to stocks. And when stocks crash to low levels, fear makes him redeem his investments. But there are a few funds that avoid this risk by continuously changing the asset mix of their portfolios. Their allocation to equity is not based on the fund manager's outlook for the market, but on its valuations. Our top pick is the Franklin Templeton Dynamic PE Ratio Fund, a fund of funds that divides its corpus between two schemes from the same fund house-the...
Read more

GOLD ETFs

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   GOLD ETFs       Gold funds and ETFs have also lost the tax advantage they enjoyed over physical gold after the Budget changed the rules for long-term capital gains from non-equity funds.   Last year, gold exchange traded funds ( ETFs ) had gained a great deal from the depreciation in the rupee and the UPA government's move to impose additional levy on gold imports, making it an attractive option for investors. The landed price of the yellow metal had surged, pushing up the net asset value ( NAV ) of gold ETFs. However, the recent budget proposal by Finance Minister Arun Jaitley has thrown a spanner in the works for gold fund investors. The revised tax structure for all non-equity funds, includi...
Read more

IIFL NCDs

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India) IIFL NCDs IIF's six-year unsecured NCD 2012 Risk-wary investors should stay away from this issue, and even, risk-taking ones should think twice It is a public issue of unsecured redeemable non-convertible debentures ( NCDs ) by India Infoline Finance ( IIF ), an unlisted company, which is a 98.9 per cent subsidiary of India Infoline, a listed company. The issue seeks to raise Rs 250 crore with an option to retain over-subscription up to Rs 250 crore taking the total potential issue amount to Rs 500 crore. It will be open for public subscription from September 5 to September 18 with a minimum application size of Rs 5,000 in the form of five NCDs of face value Rs 1,000, TENURE & RATES: IIF will redeem the NCDs at the end of six years, and investors wanting out before six years will be able to sell the...
Read more

HDFC Mid-Cap Opportunities Fund

Performance - Regular Plan - Growth Option NAV as on 30 th June, 2017 51.741   Period Scheme Returns (%) Benchmark Returns (%) # Additional Benchmark Returns (%) ## Value of Investment of ( ) 10,000         Scheme ( ) Benchmark ( )# Additional Benchmark ( )##   Last 1 Year 28.63 28.32 14.88 12,863 12,832 11,488   Last 3 Years 20.95 16.89 7.74 17,703 15,977 12,509   Last 5 Years 26.26 19.23 12.50 32,129 24,116 18,036   Since Inception 17.82 11.74 8.36 51,741 30,426 22,353 ^Past performance may or may not be sustained in the future . Returns greater than 1 year period are compounded annualized (CAGR). Load is not taken into consideraiton for computation of performance. #Nifty Free Float Midcap 100 Index ##NIFTY 50 Index. Inception Date: June 25, 2007. The Scheme is managed by Mr. Chirag Setalvad since inception. Different plans viz. Regular Plan and Di...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now