February 16, 2011 9:52 pm
Reliance Gold Savings Fund is a new fund that will invest 95 – 100 % in Reliance Gold ETF
What are your views on this ?
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.
Online Support Team
Reliance Mutual Fund
You can get the detailed discussion of costs at
Mr. Srikant discusses about its various aspects.
Please refer to my blog post in this regard for a cost comparison – http://blog.fundsindia.com
I agree with thought of Srikanth – I think it’s very expensive for long term investor
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.
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”
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