Axis Gold Fund Direct Plan Growth option
Net Asset Value
AUM (Fund size)
1 % for 365 days
Moderately High risk
|Axis Gold ETF||99.52%|
|Clearing Corporation Of India Ltd||1.04%|
|Net Receivables / (Payables)||0.56%|
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About Axis Gold Fund - Direct Plan - Growth Axis Gold Fund is designed for those investors that have an affinity towards gold. The main objective of this fund is to provide returns in line with the performance of the gold prices. Axis Gold Fund intends to offer capital appreciation over time.
Pros and Cons of Axis Gold Fund - Direct Plan - Growth Investing in Axis Gold Fund is the smart way of investing in gold. The biggest advantage of this fund is that it allows you to gain exposure to gold without having to hold it physically and thereby alleviating the risk of loss through theft. On the downside, the returns are tied to the performance of gold and its prices, and it can be volatile at times.
Fund Information and Statistics i) Inception/Launch Date Axis Gold Fund was launched on 20 October 2011.
ii) Risk Level Gold prices fluctuate and are never constant. Therefore the Axis Mutual Fund house has categorised Axis Gold Fund under ‘moderately high’ risk mutual funds. However, the risk level of the Axis Gold Fund is not as high as that of equity funds.
iii) Redemption Since Axis Gold Fund is an open-ended mutual fund scheme, you can place redemption requests any time.
iv) Fund Manager Mr Devang Shah is the current fund manager of Axis Gold Fund.
v) Entry/Exit Load There is no entry levied on Axis Gold Fund as per the norms of the Securities and Exchange Board of India (SEBI). Redemption requests placed within the 365 days from the investment are processed at an exit load of 1%. After one year, no exit load applies.
About Axis Mutual Fund Axis Mutual Fund entered the mutual fund industry in October 2009 with Axis Bank Limited as the sponsor and Axis Mutual Fund Trustee Limited as the trustee as per the regulations of the Securities and Exchange Board of India (SEBI). The fund house was set up with the intention of helping investors in creating long-term wealth. It is now a leading fund house in the country, and as of December 2019, its assets under management (AUM) amounted to Rs 1.2 lakh crore.
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Frequently Asked Questions
What are equity funds?
Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are large cap, mid cap, small cap and multi cap equity funds?
SEBI ranks all listed companies based on the overall market capitalization (total value of outstanding shares). Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards Multi-cap funds invest in small cap, mid cap and large cap companies
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What are ELSS funds?
ELSS funds are tax saving mutual funds, in which majority of the funds are invested in equity schemes. ELSS has a lock-in period of 3 years. ELSS has benefits over other conventional tax saving instruments like FDs, NPS, etc. It has the lowest lock in period and the returns are higher than the other tax-saving schemes.
What are Balanced/ Hybrid funds?
Hybrid funds are mutual funds in which the fund manager allocates your money in both equity and debt in a certain ratio. The ratio is decided when the fund is announced and it remains constant throughout.
What are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
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Short term funds are mainly those funds which invest in instruments with short maturities, ranging from 1-3 years. These are ideal for conservative investors as they are not majorly affected by interest rate movement.
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What are Bluechip funds?
Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.