Reliance Gold ETF
Reliance Gold Exchange Traded Fund (ETF) is launched in Novemner 2007. With more than 3 years on the stock exchanges it could manage a good market share. Recently it came up with a gold savings scheme to enable investors with no demat account to invest in gold ETFs. The gold savings fund would gather money from general public just like any other open ended mutual fund and invest in this gold ETF. Since gold savings fund is a success the inflows in to the reliance gold ETF fund too increased!
Please find below full details about the Reliance Gold ETF.
Fund Name: Reliance Mutual Fund – Gold Exchange Traded Fund
NSE Symbol: RELGOLD
BSE Scrip ID: RELGOLD
BSE Scrip Code: 590100
Face Value: 100
Fund Launch Date: November 2007
AMC: Reliance Capital Asset Management Ltd.
Exchanges for Trading: NSE and BSE
Fund Manager: Mr. Hiren Chandaria
Scheme Type: Open ended Exchange Traded Fund
Benchmark: Domestic price of physical Gold
Can Distribute Dividends?: Yes
Registrar: Karvy Computershare Pvt. Ltd.
Entry Load: No entry load as per SEBI rules.
Exit Load: No exit load as the fund house doesn’t involve in redemptions. An investor can sell it on the exchange. Only brokerage charges are applicable.
Recurring Expenses (Total Expense Ratio): 2.5%
Minimum Investment: 1 Unit of RELGOLD on NSE and BSE
Lock in period: Nill
NAV announcement frequency: Every business day
Latest price of the Unit: Reliance GOLD ETF Latest Price
As per Reliance Gold ETF’s SID,
The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold (and Gold related securities as permitted by Regulators from time to time). However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors.
|Type of Asset||Minimum Investment %||Maximum Investment %||Risk Profile|
|Gold Bullion||90||100||Medium to High|
|Bonds and Money Market instruments||0||10||Low|
Performance of the fund:
|Performance in last 6 months||10.14%|
|Performance in last 1 year||21.35%|
|Performance since inception||23.44%|
NB: Performance is based on NAVs as of May 25th 2011
Figures for more than one year are annualized.ADVERTISEMENTS