Friday, 11 March 2011

Kotak Gold Fund form Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund is also launched Gold Saving Fund named Kotak Gold Fund. Recently Reliance Mutual Fund issued Reliance Gold Saving Fund. Now Kotak Mahindra Mutual Fund also follows it. Through this fund you can invest in gold without the help of a mutual Fund. The New Fund Offer (NFO) already opened in the market on 04th March, 2011 and the issue closes on 18th March, 2011

Kotak Gold Fund is an open ended mutual and one can redeem it any time they wish to do so. But there is an exit load of 2% if you redeem or switch out it before 6 months of allotment and 1% exit load if you redeem or switch it out after 6 months, but before one year and no exit load after one year of allotment of the gold fund. This is a fund of funds (FOF) which will invest in Kotak Gold Exchange Traded Fund.

The minimum investment of Kotak Gold Fund is Rs. 5000 and multiples of Re. 1 thereafter. The minimum investment through SIP (Systematic Investment Plan) is Rs. 1000 and the minimum 6 installments should be required.

Investment in gold is a cushion against inflation and according to financial advisers, around 5-10% of the investment portfolio should be in gold. If you wish to invest in Gold and do not like to take the risk of handling pure gold you can go for Kotak Gold Fund or Reliance Gold Saving Fund. Even if you are not interested in gold fund just for an experiment you can invest a minimum amount to know the growth of the fund and also to know the performance of gold fund in the world of investment.

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2 comments :

  1. [...] Related posts Quantum Gold Savings Fund (QGSF) Why should you invest in gold? Kotak Gold Fund form Kotak Mahindra Mutual Fund [...]

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  2. [...] only. One of my friends told that when you had a monthly salary of Rs. 3000 you could buy 10 gram gold with one month salary. Now you are getting a salary of Rs. 40000 you can buy 15 gram gold. So [...]

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