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

ICICI Prudential Dynamic Plan Invest Online

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   ICICI Prudential Dynamic Plan             Invest Online This fund does remarkably well during falling markets, but fails to show the same prowess during a rising market. The fund sticks to its mandate to adapt to the dynamic nature of the market by shuttling between debt and equity. It takes aggressive asset calls in equity when the market surges by investing in quality mid-cap stocks. At the same time, it adopts a defensive strategy by investing in debt and cash when markets get overvalued, making it a good long-term choice.     For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call     Leave a missed Call on 94 8300 8300   Leave your comment with mail ID and we will ...
Read more

What are the factors affect the changes in Interest Rate of Fixed Deposits?

  What are the factors affect the changes in rate of Fixed Deposits? Fixed Deposits are now considered to be a very old fashioned method of saving, but still attract many investors since they have guaranteed returns at the end of the tenure of the investment at a decent interest rate. There are various factors that affect the rates of interest for a Fixed Deposit. Policies of the Reserve Bank of India   - The several norms and restrictions posed by the Reserve Bank of India , in order to gain optimum control over credit and inflow and outflow of fund throughout the country. The repo rate changes, cash reserve ration tends to change and these changes affect the banking products like Fixed Deposits, loans etc. Recession   - When unemployment in a country crosses the benchmark set Recession hits, and slowly the country faces an economic slow movement, affecting the purchasing power of the people in the country, forcing the Reserve Bank of India to release more funds in the financial marke...
Read more

Understanding Your Cibil Credit Information Report

   WE ARE all familiar with the anxiety and uncertainty that we feel when applying for a loan. After all, it's the lender who decides whether we can own our dream home, our first car, or whether our children can pursue higher education. In a nutshell, a better life depends on the lender's decisions.    While other factors do play a part in the lender's decision, the Cibil Credit Information Report ( CIR ) plays a crucial role in a lender's decision to approve a loan application.    Previously, lenders would treat all loan seekers equally. Each applicant, if approved by the lender's internal credit policy, would be charged at the same interest rate for a particular loan size and purpose. The lenders would charge a higher interest rate to all the borrowers, in order to compensate for the possible default of a small portion of the loan disbursed. In other words, it's like a professor (the lender) punishing an entire class (borrowers) for the mischief played b...
Read more

Mutual Fund Review: ING Dividend Yield

  ING Dividend Yield's small assets enable the fund manager to churn in impressive returns… Strategy The aim of the fund is to invest in stocks which offer a high dividend yield. This fund deploys a value based strategy which aims to gain from investing in fundamentally strong and free cash flow generating businesses. The scheme focuses not only on growth but also on the cash generated by the business, which mostly leads to stable returns even in volatile markets. This fund has a low volatility because of its investment in high yielding stocks. The scheme tries to include stocks that yield dividend above the dividend yield of the Nifty and stocks with liquidity, which throws up a universe of 150 stocks.   Our View Launched in October 2005, this fund invests at least 65 per cent of its assets in high dividend yield stocks. The fund has consistently maintained a mix of stocks across varying market capitalisation, with a higher tilt to mid caps compared to small caps. Howev...
Read more

Capital Protection Oriented Funds

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   Capital Protection Oriented Funds   Erosion of capital is one of the key concerns for investors wanting to invest in equity mutual funds. To address this concern, asset management companies have launched Capital Protection Oriented Funds (CPOFs). What are CPOFs? CPOFs are generally three to five-year, closed-ended funds where 70-80% of the portfolio is invested in fixed income securities, which mature on or before the scheme's tenure. The investment in fixed income securities grows to 100% at the end of the tenure, providing the investor with capital protection. The remaining portion (20-30%) is used to take exposure to equity, which provides the upside. Exposure to equities is either by directly buying equity stocks (plain vanilla CPOFs) or by b...
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