Tuesday, 15 February 2011

Reliance Gold Saving Fund of Reliance Mutual Fund

Reliance Gold Saving Fund is the New Mutual Fund Offer (NFO) from Reliance mutual fund. The opening date of the NFO is 14th February, 2011 and the closing date is 28th February, 2011 with the initial price of Rs. 10 per unit.


The investors can invest in Reliance Gold Saving Fund without having a demat account. Investors can opt for Lump sum investment or Systematic Investment Plan (SIP). The investor can earn from the investment of physical gold through paper form of investment. The main advantage of Reliance Gold Saving Fund is that the investor should not take the risk of keeping physical gold and at the same time he can gain from the investment of physical gold

Normally, long term taxation benefit for physical gold is available only after 3 years, but here with gold saving fund you can avail long term taxation benefit after one year

The Reliance gold saving fund offer growth plan and dividend plan and the dividend plan also classified into dividend payout option and dividend reinvestment option.

Minimum required investment for lump sum investment is Rs. 5000 and in multiples of Re.1 thereafter. During NFO (New Fund Offering) period the scheme plans to collect around Rs. 1 crore. There is no entry load and the exit load will be 2% if the redemption or switching out is happened within one year of purchase.

You can purchase Reliance Gold Saving Fund in SIP (Systematic Investment Plan) option also. The minimum investment under sip option is Rs. 500 and in multiples of Re. 1 thereafter. Demat account is not necessary for purchasing this Gold Saving Fund and under SIP option you can purchase through ECS.

We hope that through this gold saving fund the common man also can invest in Gold through this fund and can get profit from the investment of gold without the difficulties of purchasing and keeping physical Gold. But just like all other mutual funds you should go through the details before investing with your hard earned money.

Reliance Gold Saving Fund


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