Nippon India Gold Savings Fund - Direct Plan - Growth
Min amount: ₹100
- Fund Summary
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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
|Nippon India ETF Gold BeES||99.98%|
|Net Current Assets||0.48%|
|Cash Margin - Ccil||0%|
About Nippon India Gold Savings Fund - Direct
The fund aims to generate returns that closely correspond to returns provided by Nippon India ETF Gold BeES. It employs an investment approach to track the performance of Nippon India ETF Gold BeES and invests in Nippin India ETF Gold BeES to achieve its goals.
Pros and Cons of Nippon India Gold Savings Fund - Direct
The one-year, three-year, and five-year returns from the fund are higher than the category average returns.
Fund Information and Statistics
i) Inception/Launch Date
The fund was rolled out on 7 March 2011.
ii) Risk Level
The fund is associated with a moderately high risk profile.
There is no lock-in period applicable to the principal invested in this fund. However, you must consider the exit load before redeeming fund units.
iv) Fund Manager
Mr Mehul Dama is the current Fund Manager for the scheme.
v) Entry/Exit Load
Entry load is not applicable whereas, an exit load of 1% is charged if you exit from the fund before completing 15 days from the date of allotment. Effective from 27 April 2020, there is no exit load applicable after completing 15 days.
About Nippon India Mutual Fund
Nippon India Mutual Fund was established on 30 June 1995. Nippon Life Insurance Company has been supporting the fund house as a sponsor since then. Also, Nippon Life India Trustee Limited is working as the trustee company for the fund house. It offers about 188 different folios to its customers.
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Frequently Asked Questions
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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