Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Gold Fund - ABSL Gold Fund - Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Gold Fund

(An Open-Ended Fund of Funds Scheme)

Why invest in Gold when there is ABSL Gold Fund?

Class: Others
Category: Fund of Funds

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.

Value Added Products:

Systematic Investment Plan - Available Online & Offline for Direct & Regular investors to iron out intermittent market volatility and enable long term savings

Salient features of SIP:

Step-up SIP – This facility lets investors enhance the SIP amount during regular intervals. This allows you to make the most out of your SIP investments by increasing your contributions towards those schemes that are performing well. Additionally, you can also increase your investment amount when there is a hike in your pay.

Multi Scheme SIP Facility - The Facility enables investors to subscribe under various Schemes through SIP using a single application form and payment instruction.

Systematic Transfer Plan (STP) allows investors to save in both asset classes by transfering a fixed amount from one scheme and invest in another scheme

Investors have the option of:

  • Daily Systematic Transfer Plan
  • Weekly Systematic Transfer Plan
  • Monthly Systematic Transfer Plan
  • Quarterly Systematic Transfer Plan


Minimum Balance in the scheme at the time of enrollment for STP facility:

  • Daily Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.10,000/-
  • Weekly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Monthly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.6000
  • Quarterly Systematic Transfer Plan: Minimum balance in the scheme at the time of enrollment should be Rs.8000

Minimum Transfer Amount

For STP installments greater than Rs.500 but less than Rs.999, Investors are required to instruct for minimum 12 transfers of Rs.500 and in multiples of Re. 1thereafter. For STP installments of Rs.1000 and above, Investors are required to instruct for minimum 6 transfers of Rs.1000 and in multiples of Re. 1 thereafter.

Systematic Withdrawal Plan allows investors to withdraw a fixed amount of money from their mutual fund to build sustainable income streams while saving on Tax also

Investors have the option of:

Fixed Withdrawal - which allows investors of the Growth Plan to withdraw a fixed amount at regular intervals. Investors can withdraw fixed amount of Rs1,000/- each and above at regular intervals.

Appreciation Withdrawal - which allows investors of Growth Plan to withdraw the appreciation amount at regular intervals. Investors can withdraw appreciation of Rs1,000/- and above at regular intervals.

Withdrawal Frequency:

For Fixed Withdrawal Option: Investors can withdraw fixed amount on 1 or 7 or 10 or 14 or 20 or 21 or 28 of month/quarter/Half yearly and Annually for minimum 6 months/ 4 quarter/2 half years and 1 year. For Appreciation Withdrawal Option: Investors can withdraw appreciation on the 1 of each month/quarter for minimum 6 months/ 4 quarter.

Capital Appreciation Transfer Plan (CATP) allows investors to preserve their capital and transfer only capital appreciation to another asset class / scheme at regular intervals

Fund Details

  • Fund Type - Open-Ended
  • Class - Others
  • Category - Fund of Funds
  • Min Investment - Rs. 1000/-
  • Fund Manager - Mr. Lovelish Solanki
  • Latest NAV - 12.013 (as on 15-Nov-2019)
  • Inception Date - Mar 21, 2012
View Full Details

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

Investment Performance - Regular Plan - Growth NAV as on December 30, 2010: Rs. 9.3533
Date of Inception: Mar 20, 2012 NAV Per
Unit. *
(Rs)
Birla Sun Life
Gold Fund (%)
Domestic price
of physical
gold # (%)
Value of Standard Investment of Rs 10000 in
Birla Sun Life
Gold Fund
(Rs)
Domestic price
of physical
gold #
(Rs)
Since inception till December 30, 2016 (CAGR) 10.0000 -1.39 0.23 9353 10110
December 31, 2015 to December 30, 2016 (Absolute) 8.3878 11.51 11.58 11151 11158
December 31,2014 to December 31,2015 (Absolute) 9.0401 -7.22 -7.25 9278 9275
December 31,2013 to December 31,2014 (Absolute) 9.9787 -9.41 -0.80 9059 9920

# Scheme Benchmark, ## Additional Benchmark, *As on start of period considered above.

Past performance may or may not be sustained in future. Load and Taxes are not considered for computation of returns. Total Schemes managed by Mr. Shravan Sreenivasula is 6. Refer annexure on page no. 67 of Empower to know more on performance of schemes managed by Fund Managers. Investors should note that, Aditya Birla Sun Life Gold Fund being an open ended Fund of Funds scheme invests in Aditya Birla Sun Life Gold ETF which invests in physical gold of 99.5% purity and they shall bear the recurring expenses of the underlying scheme (i.e. Aditya Birla Sun Life Gold ETF) in addition to the recurring expenses of the Scheme. ‘Direct Plan’ is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. For further details, Investors are advised to refer to Addendum no. 44/2012 dated December 27, 2012 available on our website www.birlasunlife.com.

Fund Management

  • Mr. Lovelish Solanki

    Total Experience :

    View Full Profile
    Lovelish Solanki is a Fund Manager at Aditya Birla Sun Life AMC Limited (ABSLAMC). He comes with an experience of over a decade in fund management and research, both in Equity and Debt. He has been a part of ABSLAMC since October 2014.

    He was earlier associated with Union KBC Asset Management Co Limited for 4 years, as trader for the Equity and FNO Segment, while also managing the Options part of Capital protection Funds and other Close ended Schemes. Prior to Union KBC Asset Management Co Limited, he was also associated with Edelweiss Asset Management Co. Ltd for 3 years, responsible for the execution and management of Arbitrage Funds.

    Lovelish has a Master’s degree in Management Studies from Mumbai University with a specialisation in Finance. He is also a level 1 certified Chartered Market Technician (CMT) – 2012.
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Different plans shall have a different expense structure. The performance details provided herein are of (regular / direct) plan.
To check an all-time best return rate for equity funds, check how they've performed in the last 3 or 5 years.

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Your Investment Summary

  • Investment AmountRs 5000
  • Initial units per month 29.5
  • Current valueRs 50,000
  • Current NAV value 260
  • Current Units 30
  • XIRR

    Internal rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals.

    5.10%
  • Benchmark XIRR

    Internal Rate of return or annualized yield for a schedule of cash flows occurring at irregular intervals for respective benchmark index.

    8%

Portfolio and Sector Holdings

Top 10 Holdings (As on 30.09.2019)

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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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Disclaimer

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

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