Nippon India Gold Savings Fund Direct Growth

Others
Direct
Sector - Precious Metals
Nippon India Gold Savings Fund Direct Growth

About the Fund

Nippon India Gold Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Mehul Dama. This fund gives you the benefit of diversification.

Key Parameters

  1. Nippon India Gold Savings Fund Direct Growth has ₹1877 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

Nippon India Gold Savings Fund Direct Growth has given a CAGR return of 6.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.72%, 14.07% and 15.36% respectively.

Holdings

Nippon India Gold Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are Nippon India ETF Gold BeES

Taxation

As it is a sector - precious metals mutual fund the taxation is as follows:
Unknown asset type.

Investment objective of Nippon India Gold Savings Fund Direct Growth

The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Gold BeES.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Nippon India Gold Savings Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
11547 people have invested ₹ 5.7Cr in Nippon India Gold Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.92%
Benchmark
Domestic Price of Gold
AUM₹1877 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
3.68%
Risk
Risk meter
pointer
High Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 1.2%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
100%

as on (31-May-24)

  • Equity

Holdings
Weight%
1M Change
Nippon India ETF Gold BeES
Nippon India ETF Gold BeES
99.92%
1.2%

Mehul Dama
Mehul Dama
Fund Manager of Nippon India Gold Savings Fund Direct Growth, since 6 November 2018

Mutual Fund Insights

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In the last 1 year, HDFC Silver ETF Fund of Fund Direct Growth has given 24.14% return, outperforming this fund by 3.41%.
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In the last 3 years, Axis Gold Fund Direct Plan Growth option has given 14.42% return, outperforming this fund by 0.35% per annum.
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In the last 5 years, Axis Gold Fund Direct Plan Growth option has given 15.89% return, outperforming this fund by 0.53% per annum.
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Over the last 3 months, this fund has experienced a 18.1% growth in AUM moving from 1.58K Cr to 1.87K Cr.
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This fund expense ratio is slightly on the higher side within the category (sector - precious metals). Its expense ratio is 0.92% which is higher than the category average expense ratio of 0.58%.

Nippon India Gold Savings Fund Direct Growth Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered an average annual returns of 6.46% since inception which is less than its category average return of 14.13%
AUM size ₹1877 Cr

AUM size ₹1877 Cr

This fund has AUM of ₹1877 Cr which is more than its category average of ₹ 692 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is more than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Nippon India Gold Savings Fund Direct Growth is ₹29.51 as on 20-Jun-2024.
Existing (Absolute + CAGR) as on 20-Jun-2024.
Nippon India Gold Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.51%
-1.51%
6 Month Returns
15.44%
15.44%
1 Year Returns
20.72%
20.72%
3 Years Returns
48.42%
14.07%
5 Years Returns
104.32%
15.36%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.92% as on May 2024
₹1877 Cr as on May 2024
Mehul Dama is the fund manager of Nippon India Gold Savings Fund Direct Growth
The Exit load of Nippon India Gold Savings Fund Direct Growth is 1%