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Nippon India Gold Savings Fund

An Open Ended Fund of Fund Scheme

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This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Returns that are commensurate with the performace of Nippon India ETF Gold BeES through investment in securities of Nippon India ETF Gold BeES

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Fund Riskometer

Nippon India Gold Savings Fund

Benchmark Riskometer

Domestic Price of Gold

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  • Investment Objective:
    The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India ETF Gold BeES.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (12 Apr 2024)28.7162


NAV as on March 28, 2024: `26.2626

Performance of Nippon India Gold Savings Fund as on 31/03/2024
Particulars1 Year CAGR %
3 Year CAGR %5 Year CAGR %Since Inception%
Nippon India Gold Savings Fund10,5613,6414,657,67
B:Domestic Price of Gold12,5415,0316,189,15
AB:N.A.N.A.N.A.N.A.
Value of `10000 Invested
Nippon India Gold Savings Fund11.05014.66519.81626.263
B:Domestic Price of Gold11.24715.21021.17931.400
AB:N.A.N.A.N.A.N.A.
Inception Date:Mar 7, 2011
B - Benchmark    |   AB - Additional Benchmark   
Fund Manager: Himanshu Mange (Since Dec, 2023)
N.A.: Additional benchmark index for the scheme is Not Available.

PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Himanshu Mange

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Top 3
CPSE ETF102,50103,2252,5053,1723,9024,42
Nippon India ETF Nifty PSU Bank BeES89,4590,6348,9849,8716,0516,75
Nippon India Nifty Auto ETF76,3176,82NANANANA
Bottom 3
Nippon India ETF Nifty IT23,8124,0612,3812,69NANA
Nippon India ETF Nifty Bank BeES16,9517,1212,8213,059,179,68
Nippon India Silver ETF Fund of Fund1,993,72NANANANA

Note:

a.Mr. Himanshu Mange manages 26 open-ended schemes of Nippon India Mutual Fund.

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein are on the basis of 1 Year CAGR returns

#The performance details provided herein are of Growth Plan (Regular Plan)

*The Scheme does not offer any Plans/Options. The performance details are provided at Scheme level using IDCW Reinvestment NAV's.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure.

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Himanshu Mange has been managing Nippon India Gold Savings Fund since Dec 2023, Nippon India Index Fund - Nifty 50 Plan since Dec 2023, Nippon India Index Fund - S&P BSE Sensex Plan since Dec 2023, Nippon India ETF Nifty PSU Bank BeES since Dec 2023, Nippon India ETF Nifty Infrastructure BeES since Dec 2023, Nippon India ETF Nifty 50 Value 20 since Dec 2023, Nippon India ETF Nifty 100 since Dec 2023, Nippon India ETF Nifty India Consumption since Dec 2023, Nippon India ETF Nifty 50 Shariah BeES since Dec 2023, Nippon India ETF Nifty Dividend Opportunities 50 since Dec 2023, Nippon India ETF S&P BSE Sensex since Dec 2023, Nippon India ETF Nifty Midcap 150 since Dec 2023, Nippon India Nifty Next 50 Junior BeES FoF since Dec 2023, Nippon India ETF S&P BSE Sensex Next 50 since Dec 2023, Nippon India ETF Nifty IT since Dec 2023, Nippon India Nifty Smallcap 250 Index Fund since Dec 2023, Nippon India Nifty 50 Value 20 Index Fund since Dec 2023, Nippon India Nifty Midcap 150 Index Fund since Dec 2023, Nippon India Nifty Pharma ETF since Dec 2023, CPSE ETF since Dec 2023, Nippon India ETF Nifty 50 BeES since Dec 2023, Nippon India ETF Nifty Next 50 Junior BeES since Dec 2023, Nippon India ETF Nifty Bank BeES since Dec 2023, Nippon India Nifty Auto ETF since Dec 2023, Nippon India Silver ETF Fund of Fund since Dec 2023, Nippon India Nifty Alpha Low Volatility 30 Index Fund since Dec 2023.

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investments. Returns for 1 year and above are compounded annualized(CAGR) and returns less than 1 year are simple annualized basis. 6 months simple annualized returns are provided for the schemes that are in existence for more than 6 months but have not completed 1 year.Dividend (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted.Face value of schemes is `10 per unit, except for the schemes as specified here. Face Value of Nippon India Liquid Fund, Nippon India Money Market Fund Nippon India Ultra Short Duration Fund, Nippon India Low Duration Fund and Nippon India ETF Liquid BeES is `1000 per unit. Face value of Nippon India ETF Junior BeES is `1.25 per unit. Face value of Nippon India Overnight Fund is `100 per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES, Nippon India ETF Gold BeES is `1 per unit. In case, the start/end date of the concerned period is non-business day, NAV of the previous date is considered for computation of returns. Performance details of closed ended and interval schemes are not provided since these are not comparable with other schemes. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan)








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Fund Details

  • Inception Date7 Mar 2011
  • Fund ManagerMr. Himanshu Mange
Current Investment Philosophy
    • The fund employs an investment approach designed to track the performance of Nippon India ETF Gold BeES.
    • The fund seeks to achieve this goal by investing in Nippon India ETF Gold BeES.
Minimum Investment
100.00

    and in multiples of Re. 1 thereafter

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

1% if redeemed or switched out on or before completion of 15 days from the date of allotment of units.

Nil, thereafter

**If charged, the same shall be credited to the scheme immediately net of goods & service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Returns that are commensurate with the performace of Nippon India ETF Gold BeES through investment in securities of Nippon India ETF Gold BeES

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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About Nippon India Gold Savings Fund

Nippon India Gold Savings Fund is a mutual fund scheme that allows you to potentially benefit from the performance of gold without the need to own physical gold. It simplifies access to this precious metal and offers a hassle-free and professional approach to gold investment.

The primary goal of Nippon India Gold Savings Fund is to provide returns that closely mimic the performance of Nippon India ETF Gold BeES, subject to expense ratio. As the value of gold fluctuates, so does the value of your investment, hence allowing you to leverage the appreciation of gold over time.

At its core, it is an open-ended mutual fund scheme that does not require you to open a demat account as this is a fund of fund scheme and your investments go into buying units of Nippon India ETF Gold BeES.

Five Reasons to Invest in Nippon India Gold Savings Fund

Nippon India Gold Savings Fund offers distinctive advantages that make it an appealing option for investors looking to incorporate gold into their portfolios.

1. Hassle-Free gold ownership

Many investors are aware of the historically appreciating value of gold but find it difficult to buy and store the physical gold. Storing and safeguarding gold in physical form can be expensive and inconvenient for many. Investing in Nippon India Gold Savings Fund allows you to own gold without the logistical hassles and you do not even need a DEMAT account for it.

2. Real-time gold exposure

The value of the units gathered with this mutual fund scheme moves in tandem with the actual market price of gold. This means that the value of your investment follows the pattern of ups and downs of the value of gold. This can offer you direct and real-time exposure to the performance of gold.

3. Diversification

By investing in the Nippon India Gold Savings Fund, you can diversify your portfolio and add a precious metal component to your risk management strategy. This can help mitigate risk, as gold may behave differently from traditional asset classes.

4. No wastage or making charges

When you buy physical gold in the form of jewellery or coins, you incur additional costs, such as making charges and wastage. These costs can significantly reduce your effective investment in gold. Investing in Nippon India Gold Savings Fund, on the other hand, can help avoid these additional charges. In fact, the fund exclusively invests in Nippon India ETF Gold BeES, which in turn invests in physical gold with a purity of 99.5%.

5. Low entry point

The fund allows you to start investing in gold with a relatively low initial investment amount. This accessibility means that even investors with limited capital can participate in the potential benefits of gold. This is quite different from investing in physical gold, for which you may need adequate capital upfront based on your needs and preferences. Minimum Application Amount here is Rs.100 and in multiples of Re.1 thereafter.

Things to Remember While Investing in Nippon India Gold Savings Fund

1. Risk factor

Gold can be considered complementary to equity investments and can diversify risk to help you deal with market fluctuations. However, it's essential to acknowledge that gold prices can still experience fluctuations. Factors like changes in demand, geopolitical events, and currency movements can affect gold's value, affecting the NAV of the funds.

2. Long-term perspective

The historical trend observed by the value of gold in the long term makes it a suitable asset for investors with a patient and long-term investment horizon. Therefore, you can consider including this fund in your portfolio as a part of your financial strategy for the years ahead.

3. Costs and expenses

Nippon India Gold Savings Fund has an expense ratio of 0.92% & 1.14% for Direct Plan & Regular Plan respectively (including the expense ratio of 0.72% of the underlying scheme, i.e. Nippon India ETF Gold BeES, as of January 31, 2024. The expense ratio is the annual fee expressed as a percentage of assets that a mutual fund charges to cover its operating costs. Here, it's important to understand these costs as they may impact your returns over time.

4. Market environment

While you can invest in Nippon India Gold Savings Fund anytime, as per your investment preferences, it is important to stay informed about global and domestic economic conditions that can influence gold prices. Factors like inflation rates, central bank policies, geopolitical events, etc., can impact the value of gold

FAQs

1. What type of fund is Nippon India Gold Savings Fund?

Nippon India Gold Savings Fund is an open-ended Fund of Fund mutual fund scheme that invests in units of the Nippon India ETF Gold BeES (Exchange Traded Fund - Gold Benchmark Exchange Traded Scheme). In essence, it provides investors with an avenue to invest in gold indirectly by owning mutual fund units.

This fund allows you to gain exposure to gold without having to purchase and store physical gold directly. As the fund's value is closely aligned with the market price of gold, you can benefit from the potential appreciation of gold price.

2. What is the current NAV of Nippon India Gold Savings Fund?

As of October 20, 2023, the Net Asset Value (NAV) of Nippon India Gold Savings Fund stands at Rs. 23.9681 (GROWTH PLAN GROWTH OPTION). This NAV can help determine the worth of your investments in the fund (if any).

As a mutual fund investor, you need to know that NAVs can fluctuate every day based on the change in value of the underlying fund's assets, which, in this case, are primarily linked to the market price of gold. The value may vary daily due to changes in gold prices and other market factors.

3. What is the AUM of Nippon India Gold Savings Fund?

As of January 31, 2024, the Assets Under Management (AUM) of this fund stands at Rs.1,603 crores. Here, the AUM represents the total market value of all the assets (primarily gold assets in this case) held within the fund. It indicates the collective investments of all its unit-holders, and its prominence among investors seeking exposure to gold through the mutual fund route.

4. How to invest in Nippon India Gold Savings Fund?

To start investing in this fund, follow these steps:

  • Visit the official Nippon India Mutual Fund website.
  • Opt for 'Quick Invest' or 'Register' to create your account.
  • Browse through the available mutual fund schemes and locate 'Nippon India Gold Savings Fund.'
  • Choose an investment plan aligned with your financial objectives and risk appetite.
  • Specify the investment amount; the website will calculate units based on the current NAV.
  • During the registration process, furnish personal and contact information.
  • Fulfil the mandatory Know Your Customer (KYC) requirements.
  • Select a payment method and confirm your investment.

5. Who is the Fund Manager for Nippon India Gold Savings Fund?

Mr. Himanshu Mange holds the position of Fund Manager for Nippon India Gold Savings Fund, where he plays a critical role in shaping the fund's investment strategies. Besides Nippon India Gold Savings Fund, he also manages 26 other open-ended schemes offered by Nippon India Mutual Fund.

6. What are the 5-year returns for Nippon India Gold Savings Fund?

As of September 29, 2023, the 5-year returns for Nippon India Gold Savings Fund are recorded at an impressive 12.33% CAGR (GROWTH PLAN). This rate is noteworthy as it suggests that the fund has demonstrated relatively strong performance over this duration, in line with the market dynamics influencing the value of gold.

7. What is the minimum amount to invest in Nippon India Gold Savings Fund?

The minimum investment amount for Nippon India Gold Savings Fund is Rs. 100. As an investor, you can initiate the investment journey in this fund with this relatively modest sum.

Such a low entry point may democratise access to gold as an asset class, as it doesn't exclude individuals with smaller investment budgets. It allows them to start with a sum that suits their financial situation and build their investment in the fund gradually.

8. Nippon India Gold Savings Fund charges 0.35% as an expense ratio. What does this mean?

Nippon India Gold Savings Fund has an expense ratio of 0.92% & 1.14% for Direct Plan & Regular Plan respectively (including the expense ratio of underlying scheme, i.e. Nippon India ETF Gold BeES), as of January 31, 2024. It represents the annual cost incurred by the fund for managing and operating its assets. This cost is expressed as a percentage of the fund's average AUM for a specific period. 

This expense ratio can directly impact the returns you earn. The lower the expense ratio, the lower the annual cost to investors, which can improve your returns. In terms of scheme-to-scheme comparison, you can add expense ratio to the list of mutual fund comparison parameters.

9. My parents suggest investing in physical gold? How is this fund different from that?

Investing in physical gold and Nippon India Gold Savings Fund represent two different approaches to benefiting from gold. On one hand, physical gold ownership involves possessing tangible assets like coins, bars, or jewellery. While this offers direct ownership, it comes with responsibility to secure storage and making charges.

Conversely, Nippon India Gold Savings Fund provides an indirect way to invest in gold, without paying extra for storage charges or insurance charges. You can purchase units of this mutual fund scheme with as low as Rs.100 as an initial investment.

10. I earn only around Rs. 30,000 per month? Can I invest in Nippon India Gold Savings Fund?

Yes, you can invest in Nippon India Gold Savings Fund with an income of around Rs. 30,000 per month. The fund's low minimum investment requirement, which is as low as Rs. 100, makes it accessible to investors like you, regardless of the income level.

You can gradually increase the investment over time as your financial situation allows. If you haven’t yet decided how much you would want to invest in this scheme, you can consider using our SIP calculator to get an estimate of the returns you can expect.

11. Should I invest in Nippon India Gold Savings Fund for a short or long term?

Whether you should hold the investments in this fund for short-term or long term depends on your financial goals. Its potential to appreciate in value and provide substantial returns is typically more evident over the long term.

For investors who want to accumulate wealth, particularly for long-term financial objectives like retirement planning or wealth building, Nippon India Gold Savings Fund can become a valuable component of a diversified portfolio. It has the potential for capital appreciation that gold investments are known for.

12. I am nearing my retirement age. Should I invest in Nippon India Gold Savings Fund?

As you approach retirement, diversifying your investment portfolio may become essential to manage risk. Nippon India Gold Savings Fund can serve as a valuable diversification avenue, offering stability and acting as a hedge against economic uncertainties.

Gold fund investments may help safeguard your retirement savings from inflation and market volatility. This can be crucial as retirees typically aim to protect their nest egg. Depending on your expected retirement age, retirement lifestyle, and investment horizon ahead, you might require retirement savings to last for several decades.

13. Are there any exit penalties for withdrawing my investment in Nippon India Gold Savings Fund?

Yes, there is an exit load associated with Nippon India Gold Savings Fund. If you choose to redeem or switch out your investment within 15 days from the date of the allotment of units, you need to pay an exit load of 1%. This means you will incur a charge equivalent to 1% of the amount being redeemed, on withdrawing your investment during this initial period. 

If you hold your investment longer and choose to redeem it after this initial period, you will not be subject to any exit load.

14. How much money should I allocate toward gold fund investments?

The amount you should allocate toward gold fund investments depends on your financial goals and the role you envision for gold in your portfolio. For instance, if you want to diversify your portfolio, then this investment can serve diversification. If you have a lower risk tolerance or are concerned about the volatility of financial markets, a higher allocation to gold may be desirable.

You can also use our asset allocation calculator to better understand how you should allocate funds in different asset classes.

15. Can I sell my Nippon India Gold Savings Fund units whenever the need arises?

Yes, you can sell your Nippon India Gold Savings Fund units whenever needed. The fund offers liquidity and allows you to buy or sell units as per your requirements. However, there might be an exit load if you redeem or switch out your investment within 15 days from the date of unit allotment.

You need to be mindful of the capital gains levied on the units before applying for redemption.

16. Are returns from Nippon India Gold Savings Fund taxable?

  • Units Bought till March 31, 2023:

If you hold units for 36 months or more, the profits on sale is LTCG (Long term capital gains) and is subject to a flat tax rate of 20% after applying indexation. 

If you sell these units within 36 months of purchase, the profits are treated as STCG (Short term capital gains) and are taxed according to your income tax slab.

  • Units Bought after March 31, 2023:

If you have invested in units of Gold Savings Funds after March 31, 2023, the profits on sale/redemption are considered as STCG, regardless of the holding period and are taxed as per the applicable slab rates.

17. Can I monitor my Nippon India Gold Savings Fund investments online?

You can monitor your Nippon India Gold Savings Fund investments online. The fund provides you with access to an online portal or website where you can track your investments.

Here's how you can do it:

  • Visit the official website of Nippon India Mutual Fund. Log in and access your investment details.
  • If you haven't registered already, you'll need to register for an online account with the fund.
  • Once registered, you can log in to your account using your username and password to monitor your investments in this fund. 

18. Do gold and gold funds offer the same returns?

Physical gold, such as gold coins or bars, represents tangible ownership of the precious metal. The returns you can expect here may be primarily influenced by the market's demand and supply dynamics, currency movements, inflation, and many other factors.

However, gold funds, like Nippon India Gold Savings Fund, can provide indirect ownership of gold through mutual funds. The returns from gold funds are closely tied to the performance of the underlying gold as an asset. While physical gold and gold funds offer exposure to the precious metal, their returns can differ.

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