HDFC Gold Fund (G) : NFO opened on 7th October 2011

by khalid on 16/10/2011 · 1 comment

HDFC Asset Management Company Limited has launched HDFC Gold Fund (G) on 7th October 2011. HDFC Mutual Fund is one of the largest mutual funds and well-established fund house in the country. HDFC Gold Fund is a Fund of Funds which invests in HDFC Gold Exchange Traded Fund. The objective of the fund is to generate capital appreciation that are in line with the performance of gold, subject to tracking errors. At present the Mutual fund offer only growth option. Investing in Gold has now become very easy and anyone can invest in gold , in paper form, without any Demat account or a locker. This is unlike the existing gold investments in Exchange Traded Fund (ETF) mode where a Demat account is mandatory. This is an open ended fund. The Fund seeks to provide returns that closely correspond to returns provided by HDFC Gold Exchange Traded Fund which in turn invests in physical gold. This product will offer a simple, affordable and investor friendly solution for investing in Gold to the masses.

The HDFC Gold Fund is already launched in the market form 7th October 2011 and the new fund offer (NFO) will be closed on 21st October 2011 and the offer price of each unit in NFO period is Rs 10.

There is no need of Demat account, no locker required, no need of jeweler and even no wealth tax have to be paid if you chose to invest in this HDFC Gold Fund (G).

The Minimum required investment in HDFC Gold Fund is Rs 5000 and the multiples of any amount thereafter at NFO period. After NFO period the minimum investment is Rs 5000 and multiples of Rs 1000 thereafter.

Anil Bamboli will be the fund manager of the open-ended HDFC Gold Fund (G).

With monthly investments starting at Rs 100, this product introduces affordable gold investments Systematic Investment Plan (SIP) to all sections of society. Gold as an asset class provides an opportunity to enhance portfolio returns over a period of time and acts as a perfect diversifier for one’s existing investment portfolio.

This fund enables the investor to avail long-term taxation benefits from first year, unlike physical gold wherein long-term taxation can be availed after three years.

Entry load : NIL
Exit load : 2% if redeemed/switched out on or before completion of 1 yrs from the date of allotment. Exit Load of 2% if Units are redeemed / switched-out within 6 months and 1% is payable if Units are redeemed / switched-out after 6 months but within 1 year from the date of allotment.

As it is an open ended fund the HDFC Gold Fund has no any lock in period. The investor can redeem it or switch over in any time after allotment with 2% exit load for the fund before 6months of allotment and 1% exit load before completing one year of allotment, but after 6 months.

For Further Details Please Visit Website :

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Amit Surpuriya January 20, 2012


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