NOW START A SIP IN GOLD, WITH KOTAK GOLD FUND

The Kotak Gold Fund, through which you can not only invest a lump sum amount but also start a Systematic Investment Plan (SIP) and take exposure to Gold. This fund allows a very convenient & easy way to invest in Gold.


No need of Demat and Trading account: Investors can invest in this fund through the regular process of investment. The availability of demat account is an added convenience but not necessary for investment in this fund.


Convenience of Buying / Selling / SIP directly with the AMC: Like any other mutual fund an investor can buy, sell, hold, conduct SIP/STP/SWP in this fund.

Liquidity: An investor can subscribe and redeem the units directly from the AMC on all business days.


Low Cost: Investing in gold through the Kotak Gold Fund in physical application mode enables you to invest at a low cost. The investor does not have to incur the charges for demat account & the brokerage charges. (However, the investors will have to bear the recurring expenses of the scheme, in addition to the expenses of the underlying Scheme.)


Taxation: A Gold investment by means of this fund attracts the benefit of long term capital gain tax after one year of investments only in contrast to physical hoard of Gold where you have to pay short term capital gain tax for a period upto three years. Also the returns of this fund do not attract any wealth tax, which is not the case with physical investment of gold.of gold.

Invest in Sip in "Reliance Gold Savings Fund" without having demat account.

Reliance Mutual Fund is launching its Gold Savings Fund, a first-of -its-kind investment scheme focused on gold, to tap a market that it expects to become bigger than even equity mutual funds. 

The main attraction is that, unlike other ETF gold funds, the new fund offer does not require any demat account or locker.

This fund that is Reliance Gold Savings fund is very different existing gold investments in Exchange Traded Fund (ETF) that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs 100 per month, the company said here. 

The fund allows small regular investments of as low as Rs.100 per month and in multiples of Re.1 thereafter.

Reliance Gold Savings Fund will enable investments in gold without any locker or demat account -- a first in the country. 

The scheme's performance will be bench marked against the price of physical gold. 

The investors will not be charged any entry load on the fund, though there would be a 2 per cent exit load if redeemed before completion of the first year. 

Fund Details:

The launch of the New Fund Offer

The offer for the funds opens Feb 14 and closes on Feb 28. 

 Tax Treatment

Investment in the fund will provide the investor long-term taxation benefits from first year, unlike physical gold wherein long-term taxation concession can be availed only after three years. 

Entry Load:

Nil

Exit Load

The exit load is 2 percent, if the investor redeems or switches out on or before completion of first year from the date of allotment of units. 

Benchmark:

The scheme’s performance will be bench marked against the prices of physical gold.