SBI Gold Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Sector - Precious Metals|
|Exit Load||1% for 15 Days|
More about this fund
|SBI ETF Gold||99.97%|
##About SBI Gold Fund - Direct Plan - Growth
The main objective of the SBI Gold Fund is to provide investors with returns corresponding to that of the SBI Gold ETF scheme. This mutual fund scheme is apt for risk-averse investors as gold is considered the safest investment haven in the world of investing.
##Pros and Cons of SBI Gold Fund - Direct Plan - Growth
The main benefit of investing in the SBI Gold Fund is that you get much-needed safety as the asset allocation is made only towards SBI Gold EFT and cash equivalents. This mutual fund is ideal for risk-averse investors. On the downside, this fund does not have the potential to offer high returns like equity funds.
##Fund Information and Statistics
i) Inception/Launch Date SBI Gold Fund was launched on 11 September 2011.
ii) Risk Level The risk level is very low as the SBI Gold Fund invests in SBI ETF Gold and cash equivalents.
iii) Redemption As the SBI Gold Fund is an open-ended fund, you can place redemption requests any time.
iv) Fund Manager Mr Raviprakash Sharma is the current fund manager of the SBI Gold Fund.
v) Entry/Exit Load The regulations of the Securities and Exchange Board of India (SEBI) has made all mutual fund schemes free of entry load. Redemption requests placed within one year are processed with an exit load of 1%. After that, no exit load applies.
##About SBI Funds Management Private Limited
SBI Funds Management Private Limited registered with Securities and Exchange Board of India (SEBI) in February 1992. The State Bank of India (SBI) is the sponsor while SBI Mutual Fund Trustee Company Private Limited is the trustee of the SBI Funds Management Private Limited. The fund house had assets of worth 3.82 lakh crore as of January 2020.
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Min amount: ₹1,000
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