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This Regular Gold Saving Fund (FoF) Has Given 56.06% Return In 3 Years

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If you're going to invest in gold through mutual funds, it's best to choose a gold fund. If you want to invest a large quantity of money in gold, you may do so using your brokerage account and an ETF (exchange-traded fund). One such fund is this FoF that we highlighted below. This FoF has good returns and could be a good choice who wants to diversify their portfolio with Gold.

 

ICICI Prudential Regular Gold Savings Fund (FOF) - Direct Plan-Growth

ICICI Prudential Regular Gold Savings Fund (FOF) - Direct Plan-Growth

This regular Gold Saving Fund (FoF) is a 10 Years 5 Months Old FoF launched on October 11, 2011, by the ICICI Prudential Mutual Fund. This is an open-ended fund with an Assets Under Management (AUM) or Fund Size of Rs 617 Crore as of 28 February 2022. The Current Net Asset Value (NAV) of this declared on March 25th, 2022 is Rs 17.2872. The expense ratio of this FoF is 0.09%, which is very low than its category average. This low expense ratio is its plus point. It is a moderately risky fund.

The FoF is currently managed by Mr. Manish Banthia and Mr. Nishit Patel. The primary objective of this FoF is to generate returns by investing in units of the scheme. The minimum SIP amount to invest in this scheme is Rs 100. This scheme is suitable for investors looking for exposure in the FoF scheme. This FoF has a 99.97% investment in ICICI Prudential Gold ETF.

Lump-Sum Investment Returns (Absolute & Annualised)
 

Lump-Sum Investment Returns (Absolute & Annualised)

 

Investment TenureAbsolute ReturnsAnnualised Returns
1 Year14.56%14.55%
2 Year23.28%11.02%
3 Year56.06%15.98%
5 Year68.60%11.00%
Since Inception52.91%4.71%

 

SIP Returns (Absolute & Annualised)

SIP Returns (Absolute & Annualised)

SIP TenureAbsolute ReturnsAnnualised Returns
1 Year8.29%15.78%
2 Year6.90%6.57%
3 Year17.54%10.79%
5 Year36.46%12.39%

Disclaimer

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.

Story first published: Saturday, March 26, 2022, 11:24 [IST]
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