Skip to main content

Religare Gold Fund

 

 

Religare Mutual Fund has announced the launch of Religare Gold Fund - an open ended fund of fund scheme. It will invest in the units of Religare Gold ETF.

 

Investment Objective
This fund will invest in Religare Gold ETF. The investment objective of the scheme is to provide returns that closely correspond to returns provided by Religare Gold ETF.

 

Manager
Mr. Nitish Nikand is the fund manager of the scheme. He is a Commerce Graduate and an MBA in Finance. With over 8 years of experience in fixed income markets and product development, Mr. Nikand has worked with ICICI Bank Ltd as product manager, JM Financial Asset Management Company Pvt. Ltd. as fixed income analyst and Citicrop Maruti Finance Ltd. as relationship manager - Treasury. He also manages Religare Credit Opportunities Fund, Religare Mid-Term Bond Fund, Gold ETF and Fixed Maturity Plans.

 

Similar Fund

 

Scheme

 

 Launch Date

 

 Expense Ratio (%)

Axis Gold

 

Oct-11

 

-

HDFC Gold

 

Oct-11

 

-

ICICI Prudential Regular Gold Savings

 

Oct-11

 

-

Kotak Gold

 

Mar-11

 

0.75

Quantum Gold Savings

 

May-11

 

0.5

Reliance Gold Savings

 

Feb-11

 

0.75

SBI Gold

 

Sep-11

 

0.75

 

 

Comparison between a Gold ETF and Gold Fund of Fund
If somebody invests Rs. 50,000 each in Religare Gold ETF & Religare Gold Fund, then

Type of Charges

 

 Religare Gold ETF through Demat mode

 

 Religare Gold Fund through Account Statement Mode

Account Opening Charges

 

NIL

 

NIL

Annual Maintenance charges of Demat Account

 

Rs. 250 - 750

 

NIL

Delivery Brokerage Charges*

 

Rs. 25 - 175

 

NIL

Transaction charges

 

Rs.25

 

NIL

Annual scheme recurring charges

 

Rs.500

 

Rs.750**

Total

 

Rs. 800 - 1450

 

Rs. 750

 

*Delivery brokerages are in the range of 0.05% to 0.35%. They may vary among brokerage houses. **Rs. 500/- (recurring expenses of Religare Gold ETF @ 1%) + Rs. 250/- (recurring expenses of Religare Gold Fund @ 0.50%).

 

Our View
This scheme is well suited for people who do not have a demat account but want to invest in gold. You may invest upto 5 to 10 per cent of your overall portfolio in gold. One should always keep in mind when to get out of such a fund. Hence, ensuring a stop loss in such an investment is very important.

 

Basic Details:
NFO Opens: November 15, 2011
NFO Closes: November 29, 2011
NFO Price: Rs.10/- per unit
Options: Growth and Dividend
Minimum Application Amount: Rs. 5000/- & in multiples of Re.1/- thereafter
Exit Load: 2% if redeemed/switched out on or before 6 months, 1% after 6 months but before 1 year from the date of allotment.
Benchmark: Price of gold
Fund Manager: Mr. Nitish Sikand

 

 

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

 

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

How much to invest in gold ?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) Let your motivation dictate the share of the yellow metal in your portfolio Enough has been said and written about gold as an investment option. The latest argument is that the craze for gold among Indian households is endangering our country's balance of payments. The policymakers are busy trying to find ways of discouraging investment in gold, but if households keep the common good in mind, they would be paying the market price for gas cylinders as they do for, say, their mobile phone bills. After all, private decisions are driven by private motives. So, how should a household look at gold from its own perspective? Gold is primarily acquired for its merit as a store of value. Even if the worst crisis hits a family, the gold that it holds could be put to use anywhere in th...
Read more

Mirae Asset Ultra Short Term Bond Fund and Mirae Asset Tax Saver Fund

Mirae Asset Mutual Fund   has renamed   Mirae Asset Ultra Short Term Bond Fund , an open ended debt scheme, to   Mirae Asset Tax Saver Fund   with effect from October 18, 2016. Also, Mr. Sumit Agrawal, the co-fund manager of Mirae Asset India Opportunities Fund (MAIOF) and Mirae Asset Great Consumer Fund (MAGCF) ceases to be the fund manager with effect from October 1, 2016. Consequently, MAIOF shall now be solely managed by Mr . Neelesh Surana while MAGCF shall continue to be co-managed by Mr. Neelesh Surana and Ms. Bharti Sawant. ------------------------------ ----------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in India for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. ID...
Read more

Save Tax With Mutual 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       Mutual funds are ideal as long term investment avenues for retail investors. To encourage investments in this avenue, the Government of India offers investors a spate of tax benefits thus ensuring maximum benefit from mutual funds held beyond a year. Sample some of the key benefits and refer to the table for a detailed list of tax rates for different types of schemes ·        Avail deductions under Sec 80C of the Income Tax Act by investing up to a maximum of Rs. 1 lakh in designated Equity Linked Savings Schemes (ELSS). Such investments have a compulsory lock in period of 3 years. ·        First time retail investors in equity with a gross total income of up to Rs. 12 lakh can invest up to Rs. 50,000 in specific MF schemes un...
Read more

Good Loan

Why Is It A Good Loan?: Loans against gold are cheaper and better than personal loans as the former are available at lower interest rates. In contrast, the interest rates on personal loans are not standardised and can vary from bank to bank. Also, a personal loan depends on a host of factors including, the borrower's salary, profession and the purpose for which the loan is being taken.      For instance, the interest rate on a personal loan of 5 lakh falls in a wide range of 15-30%. But loans against gold are available for as low as 11%. Secured borrowing such as a loan against gold, investments or property is cheaper because it is backed by some assets, which command a good value at any point of time. If the borrower defaults on the loan, the banks can liquidate the assets to settle the loan account.    Being a secured loan, the risk of default and credit losses is significantly lower in this loan compared to other forms of loan for personal use. Given the lower risk, gold loa...
Read more

Diversification is key to gain more

Even those who prefer debt for its safety are looking at more options    It is not often that you find more than a couple of asset classes producing good returns at the same time. Invariably, assets such as gold and equity don't perform in tandem, and hence it was easier to allocate to them in line with the risk profile of the investors. In the last couple of quarters, however, more than one asset has turned attractive - gold, debt and equity. In line with the trend, you even have monthly income plans with a combination of more than two assets.    In the past, those who stuck to debt were a different class of investors who didn't wish to take risk with their money. The changing lifecycles and the growing integration of investment markets across the globe have pushed even individual investors to embrace the concept of asset allocation. Hence, you have individuals who were using debt to park profits being prepared to take advantage of other assets.    For instance, when the...
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