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POSTED BY ON January 24, 2014 12:20 pm COMMENTS (14)
I have 30000 invested through SIP in Kotak Gold Fund per planner’s advice for more than 3 years now. SIP is discontinued now. My investment time horizon is 5 years. However, I do not really see growth so far and I think I should have stopped it earlier. Pls advice if I should withdraw from this fund now or move to any other Kotak fund. Thanks much.
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Dear Tonsi, if you are not in need of money, why are you not giving a chance to this Gold fund itself for next few years?
Thanks
Ashal
thx Sumit. Since I don’t need money currently, can invest for another 3-5 years, which fund would you suggest for STP from this fund?
The new fund will depend on your current portfolio, in which funds you are investing now, and what amount?
And STP allowed in funds under same AMC/Fund House. I don not invest any Kotak mutual funds, so my choices would be different. In that scenario you can redeem systematically (SWP) from this gold fund if you want, and invest in funds from other fund houses of your choice of funds. But suggest a fund, we need to know your current MF portfolio.
Thanks
Sumit
Dear Ashal, That is precisely I am not able to figure out hence reached out to experts on this forum.
OK Tonsi, If the physical gold is for any specific purpose like marriage, jewellery or future needs, then that fine, continue with that.
And as per the gold fund, please reduce the gold fund allocation to 5-10% of total portfolio size.
But don’t redeem in lumpsum, withdraw in systematic manner – fixed amount every month (may be STP/SWP if possible).
Thanks
Sumit
Dear Tonsi, I’m not investing my personal money into Gold or Gold MFs. You check your own portfolio and decide the way as per your personal need.
Thanks
Ashal
I meant diversification in MF which was done per advisor’s consultation. However, I want to know now should I still stick with this Gold Fund or withdraw?
Dear Tonsi, diversification means you are investing in different assets. How is it diversification when you are investing in Gold as physical as well as through Gold fund?
Thanks
Ashal
physical gold – i had started accumulating since i joined the job. However, when I started MG, financial advisor selected Gold Fund along with other funds in order to diversify. Not necessary both are done at same time.
Dear Tonsi, please define me how did you diversify when you invested in physical gold and at the same time in Gold fund?
Thanks
Ashal
Thanks Sumit & Ashal.
I do have physical gold accumulated however, Gold Fund was chosen to diversify when I was signing up for MFs. Now, if physical gold is available, should I stay invested (not cotinuing SIP though) in this fund for long or switch to better fund?
Dear Tonsi, from the day you started investing in Gold, what is the return of actual Gold? it’s in negative. If the underlying asset itself is in negative, how xcan you earn positive returns? As simple as that.
Thanks
Ashal
Dear Sir,
This has reference to your above referred issue regarding your purchase in Kotak Gold Fund. We would request you to provide the folio no to investigate about your investment & revert on the same.
Thanking You.
Warm Regards,
Investor Services Team @ Kotak Mutual
To make well diversified portfolio gold should be part of your portfolio, but restrict it between 5% to 15% of your total investment portfolio size, (unless you have specific goal like daughter/sister’s wedding) and re-balance it every year to keep the allocation in correct proportion.
The return of your Kotak Gold Fund is not simply just because this yellow metal had very bad time in recent past.
My suggestion would be do not think it as a investment prospective, if you have specific goal like accumulate Xgm gold for daughter’s marriage, then keep doing that.
Or else, for investment purpose rebalanced your portfolio to keep 5-10-15% gold in it.
Thanks
Sumit