3 Year return

14.1%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

High Risk

Scheme Information

Asset Under Management

₹1848.28 Cr.

Expense Ratio

0.13% (inclusive of GST)

Exit Load

1.00% - IF redeemed / Switchedout on or before completion of 15 days from the date of allotment of units. Nil - If redeemed / switched out after the completion of 15 days from the date of allotment of units.

Ratings

ARQ Rating
0

Ratings by other agencies

2
0
0

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Nippon India Mutual Fund Managers

MD

Mehul Dama

Fund Manager since Aug 2022

View Details

Fund House Details

Nippon India Mutual Fund

Nippon India Mutual Fund Asset management company

AUM ₹486,805.05 Cr.
No. of Schemes 290
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Nippon India Mutual Fund

List of mutual fund schemes by AMC

About Nippon India Gold Savings Fund Direct Plan Growth

Nippon India Gold Savings Fund Direct Growth is an offering from Nippon India Mutual Fund. The scheme is meticulously structured to align with the performance of Nippon India ETF Gold BeES. This is achieved through strategic investments in Nippon India ETF Gold BeES, allowing investors to potentially benefit from the performance of gold in the financial market. One distinct advantage of this scheme is its lower expense ratio compared to alternatives in the market.

Investment Objective of the Scheme

The primary investment objective of the Nippon India Gold Savings Fund Direct Plan Growth is to closely correspond to the returns offered by the Reliance Gold ExchangeTraded Fund (RGETF). By mirroring the performance of RGETF, the fund aims to provide investors with exposure to the potential benefits of gold investment, catering to those interested in including gold in their investment portfolios.

Key Features of The Fund

5-year return 15.25%
Expense Ratio 0.13%
Fund Manager Mehul Dama
Fund Size ₹1848.28 Cr
Risk Profile High

Is This Scheme Right for Me?

This investment solution is particularly suitable for investors who aspire for long-term capital growth and desire returns that parallel the performance of Nippon India ETF Gold BeES. By investing in securities linked to Nippon India ETF Gold BeES, the scheme offers an avenue for investors to potentially capitalise on the merits of gold investment. It's important for investors to evaluate their individual financial goals, risk preferences, and investment horizons to determine if this scheme aligns with their overall investment strategy. The scheme's ability to provide returns closely tied to the performance of Nippon India ETF Gold BeES makes it an option worth exploring for those seeking to diversify their investment portfolios with exposure to the gold market.

AMC Contact Details

Name Nippon India Mutual Fund
Launch Date June 1995
Addresss Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013
Contact 1860 266 0111
Email customercare@nipponindiaim.in
Website https://mf.nipponindiaim.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Nippon India Gold Savings Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Nippon India Gold Savings Fund Jul 12 2024 is 29.9216

What is the AUM of Nippon India Gold Savings Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Nippon India Gold Savings Fund is 1848.28 crore.

What is the expense ratio of Nippon India Gold Savings Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Nippon India Gold Savings Fund is 0.13%

What are the returns of Nippon India Gold Savings Fund since inception?

The Nippon India Gold Savings Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 6.56 since inception.

What is the minimum SIP amount to invest in Nippon India Gold Savings Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Nippon India Gold Savings Fund is 100.

How do I invest in Nippon India Gold Savings Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Nippon India Gold Savings Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Nippon India Gold Savings Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Nippon India Gold Savings Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.