Canara Robeco Gold Savings Fund Growth
- 6.69%
- 11.2851
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Fund Summary
| Period | Returns(per year) |
|---|---|
| 10 Years | -- |
| 5 Years | 6.69% |
| 3 Years | 6.61% |
| 1 Year | 18.51% |
| 6 Months | 17.44% |
| Fund Details | |
|---|---|
| ISIN | INF760K01BW1 |
| Risk | Moderately High risk |
| Fund Type | Sector - Precious Metals |
| NAV | 11.2851 |
| Exit Load | 2% for 365 Days |
More about this fund
| Top Holdings | Weightage |
|---|---|
| Canara Robeco Gold ETF | null% |
About Canara Robeco Gold Savings Fund
Canara Robeco Gold Savings Fund is an open-ended fund of funds that invests in Canara Robeco Gold Exchange Traded Fund. It strives to achieve capital appreciation in line with the returns provided by Canara Robeco Gold ETF. A small portion (5%) of the net assets may be invested in debt and money market instruments.
Pros & Cons of Canara Robeco Gold Savings Fund
Canara Robeco Gold Savings Fund offers the following benefits:
- The fund enables investors to appreciate their capital in-line with Canara Robeco Gold ETF.
- However, the returns above 1-year timeframe are less than the average category return.
- The Asset Under Management are less than 500 crores.
Fund Information and Statistics of Canara Robeco Gold Savings Fund
Inception / Launch date
The Canara Robeco Gold Savings Fund was launched on June 25, 2012, by Canara Robeco Mutual Funds.
Risk level
Investment in this fund are at moderately-high risk.
Redemption
The units can be redeemed on any business day at applicable NAV prices. The proceeds will be dispatched by the fund house within 10 days from acceptance of the Redemption request.
Fund Manager
The fund is jointly managed by Mr Avnish Jain since June 24, 2014, and Ms Suman Prasad since May 14, 2018. They have 44 years of cumulative work experience between them.
Entry / Exit load
The fund house does not charge any entry load. However, 2% exit load is charged if redeemed within 1 year from the date of allotment. No exit load is charged after one year.
Tax benefits of investing in Canara Robeco Gold Savings Fund
- The Short-term capital gain tax is applicable as per the income tax slab if sold before 36 months.
- If the investments are redeemed after 36 months, a long-term capital gain tax of 20% with indexation is levied.
About Canara Robeco Mutual Funds
Canara Robeco Mutual Fund is a joint venture between Canara Bank and Robeco. This was started as CanBank Mutual Fund in 1987, and the fund house got its present name after partnering with Robeco in 2007. The fund house offers a wide range of investment options to cater to the needs of every investor.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns