ICICI Prudential Regular Gold Savings Fund(FOF) Direct Plan Growth
Min amount: ₹100
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
|Exit Load||1% for 15 Days|
More about this fund
|ICICI Pru Gold ETF||99.9%|
|Net Current Assets||0.44%|
About ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth
The primary objective of ICICI Prudential Regular Gold Savings Fund is to create a stream of income by investing predominantly in the units of ICIC Prudential Gold Exchange Traded Fund (ETF).
Pros and Cons of ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth
Investing in ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth is apt if you are looking to gain exposure towards gold. This fund is a much better option than investing in physical gold since it does not come with wastage and making charges. On the flip side, this fund can be volatile since several geopolitical factors affect its performance.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth has been clubbed under the ‘moderately high risk’ category of mutual funds.
Since ICICI Prudential Regular Gold Savings Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can redeem your investment at any time.
iv) Fund Manager
Mr Manish Banthia is the current fund manager of CICI Prudential Regular Gold Savings Fund - Direct Plan - Growth.
v) Entry/Exit Load
There is no entry load as per the directions of the Securities and Exchange Board of India (SEBI). An exit load of 1% is payable on redeeming your fund units within 15 days from the date of allotment.
About ICICI Prudential Mutual Fund
The ICICI Prudential Mutual Fund started offering mutual funds in India in December 1999 when it registered with Indian securities market watchdog with Prudential Plc and ICICI Bank Ltd as its sponsors. ICICI Prudential Trustee Ltd is its trustee. It is now a leading asset management company (AMC) in India with its assets under management (AUM) touching a whopping Rs 3.67 lakh crore in June 2020.
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Min amount: ₹100
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