Reliance Gold Savings Fund – profit submission

POSTED BY Hari Sudhan ON September 25, 2012 1:59 pm COMMENTS (2)

Hello

I have invested in Reliance Gold Savings Fund – Gr, Gold Plan

My details of investment are

invested amount = 75K ( gathered by SIP for the past 1.5 years )

current value = 89K ( was 90K yesterday )

For the past 15 days, this fund value has been increasing, but from yesterday it is going down. I said to my financial planner to submit the profit, he says Gold will not have much variance in value so no need to book the profit.

Should I book profit or not at the current state ?

 

Thanks

Hari Sudhan

2 replies on this article “Reliance Gold Savings Fund – profit submission”

  1. Hari Sudhan says:
    September 28, 2012 at 11:08 am

    Thanks Ashal.

    I have booked the profit.

    – Hari Sudhan

    Reply
  2. Ashal Jauhari says:
    September 26, 2012 at 12:33 am

    Dear Hari, in your case the underlying assets is the Gold ETF of Reliance for this Rel. Gold saving fund. The ultimate asset is physical gold in that Gold ETF. So due to price variation in physical Gold, the NAV of your Gold saving fund ‘ll fluctuate.

    To book profit or not, ‘ll be a personal call.

    Thanks

    Ashal

    Reply

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