Nippon India Gold Savings Fund - Direct Plan - Growth
Others
Direct
Sector - Precious Metals
NAV: ₹ 29.84 as on 15-05-2024
About the Fund
Nippon India Gold Savings Fund - Direct Plan - Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Mehul Dama. This fund gives you the benefit of diversification.
Key Parameters
- Nippon India Gold Savings Fund - Direct Plan - Growth has ₹1842 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.9.
Fund Performance
9734 people have invested ₹ 4.7Cr in Nippon India Gold Savings Fund - Direct Plan - Growth in the last three months
Overview
 | 0.92% |
 Benchmark | Domestic Price of Gold |
 | ₹1842 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 3.68% |
Nippon India Gold Savings Fund - Direct Plan - Growth Distribution as on (31-Dec-69)
Sector Allocation
Cash Equivalent
100%
Top Holdings of Nippon India Gold Savings Fund - Direct Plan - Growth as on (30-Apr-24)
Equity Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nippon India ETF Gold BeES | 99.98% | 0.2% |
Mutual Fund Insights
In the last 5 years, Axis Gold Fund Direct Plan Growth option has given 16.69% return, outperforming this fund by 0.31% per annum.
This fund expense ratio is slightly on the higher side within the category (sector - precious metals). Its expense ratio is 0.92% which is higher than the category average expense ratio of 0.58%.
In the last 1 year, Aditya Birla Sun Life Gold Fund Direct Plan Growth has given 18.2% return, outperforming this fund by 0.46%.
In the last 3 years, SBI Gold Fund Direct Plan Growth has given 14.06% return, outperforming this fund by 0.38% per annum.
Over the last 6 months, this fund has experienced a 18.3% growth in AUM moving from 1.55K Cr to 1.84K Cr.
Peer Analysis
Fund Manager
Mehul Dama
Fund Manager of Nippon India Gold Savings Fund - Direct Plan - Growth, since 6 November 2018
Top funds managed
Nippon India Gold Savings Fund - Direct Plan - Growth Highlights
High Risk
Investors understand that their principal will be at High Risk
About the fund
This fund has delivered an average annual returns of 6.55% since inception which is less than its category average return of 12.79%
AUM size ₹1842 Cr
This fund has AUM of ₹1842 Cr which is more than its category average of ₹ 662 Cr
Expense Ratio 0.92%
This fund has an expense ratio of 0.92% which is more than its category average expense ratio of 0.53%
Frequently Asked Questions
The current NAV of Nippon India Gold Savings Fund - Direct Plan - Growth is ₹29.84 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Nippon India Gold Savings Fund - Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.18% | -1.18% |
6 Month Returns | 20.07% | 20.07% |
1 Year Returns | 17.74% | 17.74% |
3 Years Returns | 46.92% | 13.68% |
5 Years Returns | 113.52% | 16.38% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.92% as on April 2024
₹1842 Cr as on April 2024
Mehul Dama is the fund manager of Nippon India Gold Savings Fund - Direct Plan - Growth
The Exit load of Nippon India Gold Savings Fund - Direct Plan - Growth is 1%