Tuesday, 6 March 2012

Birla Sun Life Gold Fund Launched as a Fund of Fund

This is the time of investment in gold, the precious metal which has an elevating price history. The convenient method of investing in real gold is gold mutual fund or gold exchange traded fund. The investor should not bear the risk of keeping physical gold and at the same time he can get benefit from the real gold. If you have a Demat account, it is more convenient to buy and sell gold easily. Here Birla Sun Life Mutual Fund launched a New Gold Fund Offer named Birla Sun Life Gold Fund. This is an open ended Fund of Fund where you can invest in gold.

Birla Sun Life Mutual Fund Managed by Birla Sun Life Asset Management Company Ltd, one of the top Asset Management Companies. The Birla Sun Life Gold Fund is an open ended fund and the NFO period begins from 01st March, 2012 and ends on 15th March, 2012. The investment objective of the Birla Sun Life Gold Fund is to provide returns that tracks returns provided by Birla Sun Life Gold.

Face Value of the Gold Fund: The face value of one single unit of Birla Sun Life God Fund is Rs. 10 at NFO Period and after the allotment of the Gold Fund the value of single unit will be NAV of the fund.

Opening & Closing date: The Birla Sun Life Gold Fund opened in the market as NFO is 01st March, 2012 and the closing date is 15th March, 2012.

Category of the Mutual Fund: The Birla Sun Life Gold Fund is a Fund of Fund. The major portion of the fund invests in Birla Sun Life Gold ETF.

Minimum Investment: Minimum investment is Rs. 5000 and in multiples of Re. 1 thereafter.

Entry Load and Exit Load: There is no entry load for the Birla Sun Life Gold Fund but an exit load of 2% of NAV will be charged for the redemption or switch over of the fund before 365 days from the date of allotment.

Investment Options: The Birla Sun Life Gold Fund has both dividend and growth plan. The dividend plan is also classified in to dividend payout and reinvestment option.

You can invest either in Lump sum investment or Systematic Investment Plan in Birla Sun Life Gold Fund. Let us see performance of the newly launched Gold Fund of fund. You can buy the Birla Sun Mutual fund physically or online through your Demat account or directly log in to Birla Sun Life Mutual fund Website mutualfund.birlasunlife.com.

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