Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Gold Fund | ABSL Gold Fund - ABSLMF

Aditya Birla Sun Life Gold Fund

(An Open-Ended Fund of Funds Scheme)

Why invest in Gold when there is ABSL Gold Fund?
Aditya Birla Sun Life Gold Fund

Investment Objective

The investment objective of the scheme is to provide returns that track returns provided by Aditya Birla Sun Life Gold ETF.

This product is suitable for investors who are seeking

  • Returns in line with performance of Aditya Birla Sun Life Gold ETF (ABSL GETF) over the long term
  • Invests predominantly in units of Aditya Birla Sun Life Gold ETF which in turn, invests in physical gold of 99.5% purity (fineness)
  • Investors understand that their principal will be at Moderately High risk.

Fund Details

  • Fund Type - Open-Ended
  • Class - Others
  • Category - Fund of Funds
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Lovelish Solanki
  • Latest NAV - 10.304 (as on 05-Nov-2018)
  • Inception Date - Mar 20, 2012
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Fund Performance

Trailing Return

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Funds are bucketed on various parameters with respect to other funds in their category.
*Annualized returns are displayed for 1 year and above.

Annualized Returns

Fund Management

  • Mr. Lovelish Solanki

    Total Experience : 7 years

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    He has an overall experience of over 7 years in Trading and Dealing. Prior to joining Birla Sun Life AMC, he was Equity / Equity Derivatives - Trader at Union KBC Asset Management Co Limited since February 2011. Before that he worked at Edleweiss Asset Management Co. Ltd since January 2008.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.

Portfolio and Sector Holdings

Top 10 Holdings (As on 30.09.2018)

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Issuer % to Net Assets
Top 10 Sector Holdings Chart

Fund Summary

Entry Load
Exit Load
Load Comments
NIL
1%: For redemption / switch-out of units within 365 days from the date of allotment (% of applicable NAV) NIL : For redemption / switch-out of units after 365 days from the date of allotment
**Exit Load is NIL for units issued in Dividend Reinvestment.

Highlights

  • Alternative investment to a gold investment
  • No hassles like safekeeping of physical gold or loss on account of impurity/making charges

A better way to benefit from gold investments

Traditionally people in India have relied on gold for financial security and prosperity. However, while buying gold, you have to ensure its purity, whether you are getting the exact quantity and at a reasonable price. Once you've bought it, you have to ensure that it’s kept safely. However, Aditya Birla Sun Life Gold Fund (ABSL Gold Fund) can be an easy way to help you benefit from gold investments. Your money is invested in Aditya Birla Sun Life Gold ETF which buys physical gold of 99.5% purity and is kept safely by it so you indirectly benefit from gold investment. When it comes to liquidity, Aditya Birla Sun Life Gold Fund scores over physical gold. Besides jewellery, even to sell a gold coin bought from a bank, you have to go to a jeweller. This is because a bank does not buy back gold - even the bank that sold it to you. Once you go to a jeweller, no matter how good the price is, it is usually lesser than the domestic spot price on account of 'making charges'. In case of ABSL Gold Fund, you just need to submit a withdrawal request and your money is normally credited to your bank account within 3 working days.

Get the advantage of gold investments even with small savings

Many people with a strong desire to invest in gold are unable to do so as high prices don’t allow small value investments. However, Aditya Birla Sun Life Gold Fund allows you to start investing with as little as Rs 1,000 a month through a Systematic Investment Plan (SIP). You can invest from the comfort of your home by using the online investment option without even a demat account. Remember, safekeeping of physical gold has costs such as bank locker charges. However, with ABSL Gold Fund, you need not worry about the safe keeping of gold. There is also no chance of loss on account of impurity or making charges.

Discipline

To achieve its objective of replicating gold investment benefits to its investors, the scheme predominantly invests in units of Aditya Birla Sun Life Gold ETF. It also invests in debt and money market securities to the extent necessary to meet the liquidity requirements for the purpose of repurchases or redemptions. It endeavors to closely follow the returns generated by the underlying scheme with less than 2% deviation from gold prices, on an annualized basis, net of recurring expenses in the scheme. However, this may vary due to reasons beyond the control of the Fund Manager. The deviation from the underlying ABSL Gold ETF as specified above shall mainly be on account of the receipt of cash flows which on an average, takes 5 days given the existing operational procedure.

Click here to view the Aditya Birla Sun Life Nifty ETF Unit Creation

Aditya Birla Sun Life Gold Fund

(An Open ended Fund of Funds Scheme)

This product is suitable for investors who are seeking*

  • Returns in line with performance of Birla Sun Life Gold ETF (BSL GETF) over the long term
  • Invests predominantly in units of Birla Sun Life Gold ETF which in turn, invests in physical gold of 99.5% purity (fineness)
  • Investors understand that their principal will be at Moderately High risk.

 

*We recommend investors to consult their financial advisers in case of doubt about whether the product is suitable for them.

Moderately High Risk
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  • KIM - Key Information Memorandum
  • SID - Scheme Information Document

Disclaimer

For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum.

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