Gold funds offer returns that are almost identical to those offered by gold. The fundamental goal of these gold funds is to generate wealth by utilizing gold's commodity potential. If you want to add gold investment to your portfolio and gain some returns, you can opt to invest in one such gold fun we have mentioned here. This fund has given good returns over the last 5 years on SIP investment.
Axis Gold Fund - Direct Plan-Growth
It is a Commodities mutual fund (FoF) scheme from Axis Mutual Fund. It has Assets Under Management of Rs 258.34 crores and the latest NAV declared is Rs 16.82 as of 30 March 2022. The fund's expense ratio is 0.17%, which is below its category average. It is a moderately high risky open-ended fund with an above-average return grade. Currently managed by its fund manager Mr. Aditya Pagaria. This fund has been rated 4 stars by Value research. The scheme aims to produce returns that are quite similar to those of the Axis Gold ETF. The minimum SIP amount to invest in this scheme is Rs 1000, and for the lump sum or one-time investment, the required amount is Rs 5000. This fund is appropriate for those who want to gain exposure to gold.
Absolute And Annualised Returns
|Investment Tenure||Absolute Returns||Annualised Returns|
In the last 5 years, it has given 36.13% returns on SIP.
|SIP Tenure||Absolute Returns||Annualised Returns|
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.