Reliance Gold Savings Fund

POSTED BY Ajay ON February 16, 2011 9:52 pm COMMENTS (6)

Reliance Gold Savings Fund is a new fund that will invest 95 – 100 % in Reliance Gold ETF 

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What are your views on this ?

 

6 replies on this article “Reliance Gold Savings Fund”

  1. Hi Jagdees,

    The gold fund unlike gold ETFs (exchange-traded funds) doesn’t require subscribers to have a demat account and gives them an option to invest as little as Rs 100 per month.

    Regards,

    Online Support Team
    Reliance Mutual Fund

  2. Neelesh Singh says:

    @Ajay

    You can get the detailed discussion of costs at

    http://blog.fundsindia.com/gold-etf-vs-reliance-gold-fund-a-cost-compari

    Mr. Srikant discusses about its various aspects.

    Neelesh

  3. Please refer to my blog post in this regard for a cost comparison – http://blog.fundsindia.com

    thanks,

    Srikanth

    1. Hemant B says:

      Hi Friends,

      I agree with thought of Srikanth – I think it’s very expensive for long term investor

      http://www.tflindia.in/2011/02/reliance-gold-savings-fund-review-invest.html

  4. Jagadees says:

    @Ajay
    Investor should be wary about the dual recurring charges – total 1.5% (Fund-0.5% and underlying ETF-1%). Being a passive investment, i found the charges on the higher side. Try not to have more than 10% gold investment in the total portfolio.

    Regards
    Jagadees

    1. Its an innovative product from a Mutual Fund company’s perspective but it is expensive and pushes risk onto people who may not fully understand it.
      I am curious to see what is the money they collect. I would be surprised if its a large sum because target customers cannot be reached the traditional way of advertising + “financial planners”

      http://www.moneylife.in/article/reliance-gold-savings-fund-has-a-strange-target-group/14050.html#comment-10553%23comment-10554

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