Reliance Gold Savings Fund is the first gold fund of fund in India which opens a new avenue for investing in gold as an asset class.
Reliance Gold Savings Fund is a fund of fund which invests exclusively in Reliance Gold Exchange Traded Fund which in turn invests in physical gold. It offers investors a pure play on the asset through investments in Reliance Gold ETF whose investment objective is to provide returns closely to the returns of the prices of gold.
The Fund seeks to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF) which in turn invests in physical gold.
It enables to reap returns of gold in paper form without the need of a demat account. It is a passively managed fund which would enable an investor to save for gold in a convenient manner either through lump sum investment or through systematic investment - the mutual fund way from a long term perspective. It will give investors the opportunity to participate in the bullion market in a relatively cost effective and convenient way.
Reliance Gold Savings Fund opens a new avenue for investing in gold. This fund enables to reap returns
closely to returns provided by Reliance Gold ETF.
(i) “Open door for non - demat a/c holders: Investors can invest in this fund through the physical
mode across the country thereby making it easily available and convenient for non demat a/c
holders”
(ii) Systematic Investment Plan (SIP): a long term disciplined investment technique under which
you invest a fixed sum of money on a monthly or quarterly basis in a scheme at the prevailing
NAV. This allows you to save and invest regularly while you are earning.
This investment technique enables you the following benefits: Small, regular investments: A simple way to enter the market by investing small amounts.
Small but regular investments go a long way in creating wealth over time Rupee cost averaging: Fewer units during rising markets and more units during falling markets, thereby reduces the average cost per unit
No need for ‘timing the markets’: No need to select the right time and quantity to buy and sell
as timing the market is time consuming and risky. It eliminates the need to actively track the
markets.
Availability of add-on facilities: Ease of availing add on facilities like Systematic Transfer Plan/ Systematic Withdrawal Plan / Systematic Investment Plan/ auto switch /trigger facility etc.
Liquidity: An investor of Gold Savings Fund can subscribe and redeem units on all business days directly from the AMC, while purchase and sale of gold ETF units is a factor of liquidity on the exchange.
Ease of investing: Investing in gold through Reliance Gold Savings Fund, the investor can directly subscribe/ redeem units through the physical mode at the various designated investor
service centre across the country thereby making it easily accessible and convenient.
Cost Effective: Investing in gold through the Reliance gold Savings Fund in physical application
mode enables you invest in a low cost manner as the investor does not have to incur charges like annual maintenance charges for demat account , delivery brokerages charges, transaction charges incurred for investing through the dematerialized mode.The investors will be bearing the recurring expenses of the scheme, in addition to the expenses of
underlying Scheme.
Why one go with Reliance Gold Savings Fund
Reliance Gold Savings Fund provides an easy and a convenient way for Portfolio Diversification
It endeavors to inculcate a regular savings habit to accumulate gold in small amounts through MICRO Systematic Investment Plan and Systematic Investment Plan
Opens doors for non –demat account holders as it provides the facility to invest through the online medium and through physical application mod
It enables you to avail long term taxation benefits from 1 year unlike physical gold wherein long
term taxation can be availed after 3 years
The fund invests in Reliance Gold ETF which in turn invests in physical gold of purity of 99.5 % or higher, thereby relieves you of any impurity concerns.
The gold invested in Reliance Gold ETF is stored with the custodian; hence you need not worry about the storage cost.
Load Structure
The following Load Structure is applicable during the new fund offer and continuous offer including SIP
installments in the scheme
Entry Load*– Nil
Exit Load -, 2%- If redeemed or switched out on or before completion of 1 year from the date of allotment
of units
- Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of
units.
Minimum Investment amount
Minimum investment for lumpsum investment amount is Rs. 5,000 and in multiples of Re. 1 thereafter.
Minimum investment amount for investing SIP route is as follows:
(1) Rs.100/- per month and in multiples of Re. 1/- thereafter for minimum 60 months
(2) Rs.500/- per month and in multiples of Re. 1/- thereafter for minimum 12 months
(3) Rs.1000/- per month and in multiples of Re. 1/- thereafter for minimum 6 months
(4) Rs.500/- per quarter and in multiples of Re. 1/- thereafter for minimum 12 quarters
(5) Rs.1500/- per quarter and in multiples of Re. 1/- thereafter for minimum 4 quarters
IF any tax deduction (benefit) is available if one invest in Reliance Gold Fund (fund of fund):
No tax deduction or benefit is available if one go with Gold Fund of fund
What is tax treatment for Reliance Gold Fund
When computing income tax, gold ETFs are treated as debt funds, not equity.
On redemption, the units of gold ETFs held for more than a year qualify for a long-term capital gain tax of 11.33 per cent without indexation or 22.66 per cent with indexation.
If you have made a short-term gain, which applies when the holding is less than a year, the short-term capital gain will be clubbed with the income of the individual investor, to be taxed in line with the applicable tax slab of the investor.
So, the short-term capital gains will get added to your income and be taxed as per the income bracket you fall under.
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