Reliance Gold Savings Fund : Details

Reliance Gold Savings Fund is the first gold fund of fund in India which opens a new avenue for investing in gold as an asset class. The Fund seeks to provide returns that closely correspond to returns provided by Reliance Gold Exchange Traded Fund (RGETF) which in turn invests in physical gold. It enables to reap returns of gold in paper form without the need of a demat account.

What are the benefits of investing in Reliance Gold Savings Fund?

1. Reliance Gold Savings Fund opens a new avenue for investing in gold. This fund enables to reap returns closely to returns provided by Reliance Gold ETF.
2. “Open door for non – demat a/c holders: Investors can invest in this fund through the physical mode across the country thereby making it easily available and convenient for non demat a/c holders”
3. Systematic Investment Plan (SIP): a long term disciplined investment technique under which you invest a fixed sum of money on a monthly or quarterly basis in a scheme at the prevailing NAV. This allows you to save and invest regularly while you are earning.
4. This investment technique enables you the following benefits: Small, regular investments: A simple way to enter the market by investing small amounts. Small but regular investments go a long way in creating wealth over time
5. Rupee cost averaging: Fewer units during rising markets and more units during falling markets, thereby reduces the average cost per unit
6. No need for ‘timing the markets’: No need to select the right time and quantity to buy and sell as timing the market is time consuming and risky. It eliminates the need to actively track the markets.
7. Availability of add-on facilities: Ease of availing add on facilities like Systematic Transfer Plan/ Systematic Withdrawal Plan / Systematic Investment Plan/ auto switch /trigger facility etc.
8. Liquidity: An investor of Gold Savings Fund can subscribe and redeem units on all business days directly from the AMC, while purchase and sale of gold ETF units is a factor of liquidity on the exchange.
9. Ease of investing: Investing in gold through Reliance Gold Savings Fund, the investor can directly subscribe/ redeem units through the physical mode at the various designated investor service centre across the country thereby making it easily accessible and convenient.
10. Cost Effective: Investing in gold through the Reliance gold Savings Fund in physical application mode enables you invest in a low cost manner as the investor does not have to incur charges like annual maintenance charges for demat account , delivery brokerages charges, transaction charges incurred for investing through the dematerialized mode.
11. The investors will be bearing the recurring expenses of the scheme, in addition to the expenses of underlying Scheme.
12. Taxation Benefits: Investments in the fund are eligible for long term capital gains tax after 1 year of investments whereas in case of physical gold the investor is eligible for long term capital gains after a period of 3 years. The investments in the fund get similar taxation as debt mutual fund schemes.

Asset allocation of Reliance Gold savings Fund :

Under normal circumstances, the anticipated asset allocation would be:

Benchmark : The Scheme’s performance will be benchmarked against the price of physical gold

Why should one invest in Reliance Gold Savings Fund?

• Reliance Gold Savings Fund provides an easy and a convenient way for Portfolio Diversification
• It endeavors to inculcate a regular savings habit to accumulate gold in small amounts through MICRO Systematic Investment Plan and Systematic Investment Plan
• Opens doors for non –demat account holders as it provides the facility to invest through the online medium and through physical application mode
• It enables you to avail long term taxation benefits from 1 year unlike physical gold wherein long term taxation can be availed after 3 years
• The fund invests in Reliance Gold ETF which in turn invests in physical gold of purity of 99.5 % or higher, thereby relieves you of any impurity concerns.
• The gold invested in Reliance Gold ETF is stored with the custodian; hence you need not worry about the storage cost.

To know More details or invest contact harish@investologic.com he will guide you further.

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