Reliance ETF Gold BeES
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
More about this fund
|Gold 995 1kg Bar*||99.8%|
About Reliance Gold ETF BeES
Reliance Gold ETF BeES is an open-ended Gold exchange traded scheme that seeks to generate returns that resemble the domestic gold prices. The scheme will invest in physical gold and gold related securities. The fund may invest up to 5% in money market instruments with a maturity date not exceeding 91 days.
Pros & Cons of Reliance Gold ETF BeES
Reliance Gold ETF BeES offers the following benefits:
- The Reliance Gold ETF BeES allows investors to generate returns from changing gold prices.
- The fund serves as a tool for portfolio diversification.
- The past returns up to 1 year are far better than the average category return, whereas that of the other time frames are significantly less.
Fund Information and Statistics of Reliance Gold ETF BeES
i) Inception / Launch date
The Reliance Gold ETF BeES was launched on March 8, 2007, by Reliance Mutual Funds.
ii) Risk level
Investment in Reliance Gold ETF BeES are moderately high-risk. It is ideal for investors seeking portfolio diversification.
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.
iv) Fund Manager
The fund is managed by Mr Mehul Dama since November 2018. He has earlier worked with Goldman Sachs Asset Management (India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President, and Lovelock & Lewes as Assistant Manager.
v) Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in Reliance Gold ETF BeES
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 Reliance Mutual Funds
Reliance Mutual Funds is a part the Reliance Group and strives to deliver reasonable returns to the investors. The fund house is backed by a strong team managing their respective investment instrument categories. The fund house is also involved in CSR activities such as Give India, Grow Trees, and other with an aim of giving back to society.
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Frequently Asked Questions
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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