DSP World Gold Fund of Fund Direct Growth

DSP World Gold Fund of Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 08-10-2024

₹ 23.39

-0.1%

1D

Inception Returns

2.3%

/yr

About the Fund

DSP World Gold Fund of Fund Direct Growth is an equity fund. This fund was started on 31 December, 2012. The fund is managed by Jay Kothari. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. DSP World Gold Fund of Fund Direct Growth has ₹1071 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 1.7.

Returns

DSP World Gold Fund of Fund Direct Growth has given a CAGR return of 2.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 49.31%, 9.73% and 10.16% respectively.

Holdings

DSP World Gold Fund of Fund Direct Growth has allocated its funds majorly in Basic Materials, Derivatives, Cash Equivalent, Government, Corporate. Its top holdings are BGF World Gold I2, VanEck Gold Miners ETF

Taxation

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of DSP World Gold Fund of Fund Direct Growth

An open ended Fund of Funds scheme seeking to generate capital appreciation by investing predominantly in units of BlackRock Global Funds - World Gold Fund (BGF-WGF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. DSP World Gold Fund of Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
565 people have invested ₹ 36.2L in DSP World Gold Fund of Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio1.65%
Benchmark
FTSE Gold Mines TR USD
AUM₹1071 Cr
Inception Date31 December, 2012
Min Lumpsum/SIP--/--
Exit Load0%
Lock InNo Lock-in
TurnOver
34.27%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (08-Oct-24)

Period
DSP World Gold Fund of Fund Direct Growth
Global - Other Index
1M
6%
-
3M
10.9%
-
6M
18.9%
-
1Y
49.3%
-
3Y
9.7%
-
5Y
10.2%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 94.5%

  • Debt & Cash 2%

Sector Allocation

Aug'24

Jul'24

Jun'24

Basic Materials
100%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
VanEck Gold Miners ETF
VanEck Gold Miners ETF
17.35%
0%
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Jay Kothari
Jay Kothari
Fund Manager of DSP World Gold Fund of Fund Direct Growth, since 1 March 2013
Fund House
DSP Asset Managers Private Limited
Total Schemes
Total AUM
₹1.28L Cr
as on 30-Sep-2023
Address
India
Phone
91-22-66578000
Website
service@dspblackrock.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 46.8% growth in AUM moving from 729.25 Cr to 1.07K Cr.
Insights icon
In the last 1 year, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 52.2% return, outperforming this fund by 2.89%.
Insights icon
In the last 3 years, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 20.81% return, outperforming this fund by 11.09% per annum.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 4.6% moving from 1.73 to 1.65.
Insights icon
In the last 5 years, Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth has given 24.6% return, outperforming this fund by 14.44% per annum.

DSP World Gold Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 2.35% since inception which is less than its category average return of 8.88%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.5% in Equity, 0% in Debt and 2.01% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 520 Cr
Expense Ratio 1.65%

Expense Ratio 1.65%

This fund has an expense ratio of 1.65% which is more than its category average expense ratio of 1.44%

Frequently Asked Questions

The current NAV of DSP World Gold Fund of Fund Direct Growth is ₹23.39 as on 08-Oct-2024.
Existing (Absolute + CAGR) as on 08-Oct-2024.
DSP World Gold Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.99%
5.99%
6 Month Returns
18.89%
18.89%
1 Year Returns
49.31%
49.31%
3 Years Returns
32.11%
9.73%
5 Years Returns
62.25%
10.16%
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1.65% as on September 2024
₹1071 Cr as on September 2024
The alpha ratio for the DSP World Gold Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
DSP World Gold Fund of Fund Direct Growth
-1.91
-2.45
-1.52
As on September 2024
The alpha for DSP World Gold Fund of Fund Direct Growth is calculated against FTSE Gold Mines TR USD. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the DSP World Gold Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
DSP World Gold Fund of Fund Direct Growth
0.82
0.83
0.9
As on September 2024
The Beta for DSP World Gold Fund of Fund Direct Growth is calculated with FTSE Gold Mines TR USD. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the DSP World Gold Fund of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
DSP World Gold Fund of Fund Direct Growth
1.35
0.36
0.31
As on September 2024
The sharpe ratio for DSP World Gold Fund of Fund Direct Growth is calculated with FTSE Gold Mines TR USD. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the DSP World Gold Fund of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
DSP World Gold Fund of Fund Direct Growth
26.29
27.64
31.97
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.61 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Jay Kothari is the fund manager of DSP World Gold Fund of Fund Direct Growth
The Exit load of DSP World Gold Fund of Fund Direct Growth is 0%