HDFC Gold Fund-Direct Plan-Growth

About HDFC Gold Fund - Direct Plan - Growth

The primary intention of the HDFC Gold Fund - Direct Plan - Growth is to create returns in the form of long-term capital appreciation. This is made possible by investing in the units of HDFC Gold Exchange Traded Fund (ETF).

Pros and Cons of HDFC Gold Fund - Direct Plan - Growth

Investing in HDFC Gold Fund - Direct Plan - Growth is apt if you are looking to gain exposure to gold. In fact, this is the best way of investing and holding gold. On the flip side, the risk of concentration is on the higher side since the fund invests only in the units of HDFC Gold ETF.

Fund Information and Statistics

i) Inception/Launch Date

HDFC Gold Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

HDFC Gold Fund - Direct Plan - Growth is categorised under ‘moderately risky’ class of mutual funds.

iii) Redemption

You can redeem your investments at any time since HDFC Gold Fund - Direct Plan - Growth is an open-ended mutual fund.

iv) Fund Manager

Mr Krishan Kumar Daga is the current fund manager of HDFC Gold Fund - Direct Plan - Growth.

v) Entry/Exit Load

There is no entry load as per the regulations of the Securities market regulator. An exit load of 2% is applicable on redemptions made within six months from the date of allotment. It is reduced to 1% on redemptions made after six months but one year within one year from the date of allotment.

About HDFC Mutual Fund

With assets under management of worth Rs 3.56 lakh crore as of June 2020, HDFC Mutual Fund is a leading fund house in the country. It started offering mutual funds in December 1999 when it officially registered itself with the Indian market supremo with HDFC Trustee Company Limited as its trustee. It is being sponsored by Housing Development Finance Corporation Limited and Standard Life Investment Limited.