Product Snapshot

 
Fund Name
IDBI GOLD FUND  
 
NatureAn open ended fund of fund scheme investing in IDBI Gold Exchange Traded Fund (IDBI Gold ETF).
Investment Objective The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund
Asset Allocation
Instrument Indicative Allocation Risk Profile
  Minimum Maximum  
Units of IDBI Gold Exchange Traded Fund 95% 100% Medium to High
Reverse Repo/ Short-Term Fixed Deposits/ Money Market Instruments and in IDBI Liquid Fund Scheme of IDBI Mutual Fund 0% 5% Low
For more details on Asset Allocation please refer Scheme Information Document(SID)
Fund Manager Mr. Ashish Mishra
BenchmarkDomestic Price of Gold
Entry Load Not Applicable
Exit Load 1% for exit within 12 months from the date of allotment
For SIP / SWP / Switch - 1 % for exit on or before 1 year from the date of allotment of each installment.
PlansThe Scheme offers following plans for investment :-
  1. Regular Plan
  2. Direct Plan
Face ValueRs. 10/- per unit
Additional InvestmentRs. 1000 and in multiples of Re. 1 thereafter
Minimum Investment Rs. 5000 and in multiples of Re. 1 thereafter
Systematic Investment Plan (SIP)
  • Rs. 1000 per month for a minimum period of 6 months.
  • Rs. 500 per month for a minimum period of 12 months.
  • Rs. 1500 per quarter for a minimum period of 4 quarters.


 
Investments above minimum amount mentioned shall be made in multiples of Rs.1/-
for all SIP, it shall be made in multiples of Rs. 500/-.
Systematic Transfer Plan (STP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Sub-options for STP Eligible dates for effect Minimum amount per transfer* Minimum term / duration applicable
Weekly 1st Business day of the week Rs. 1,000/- 12 Installments
Monthly 1st, 5th, 10th, 15th, 20th and 25th of the month Rs. 1,000/- 12 Installments
Quarterly 1st, 5th, 10th, 15th, 20th and 25th of the each quarter Rs. 2,500/- 4 Installments
(*Multiples of Re.1/- thereafter except under IEAF where STP will be made at a minimum of Rs.500/- and in multiples of Rs.500/- thereafter.)
Systematic withdrawal Plan (SWP)
Minimum balance in the Scheme should be Rs.25,000/- at the time of enrollment.
Minimum amount for each withdrawal is Rs.1000/- and in multiples of Re.1/- thereafter for a minimum period of 6 months. Withdrawal on 25th of each month or, if 25th is a holiday, then the next effective business day.
Taxation
IDBI Gold Fund Resident Investor** Mutual Fund**
Tax on Dividend
Dividend Distribution Tax (DDT)
Dividend is not proposed Dividend is not proposed
Capital Gain    
Long Term(for units held for more than 36 months) 20% with indexation (plus applicable surcharge & cess) NIL
Short Term Rates applicable to Unitholders as per their income slabs (plus applicable surcharge & cess) NIL

**For further details on taxation please refer to the Section on Taxation in the SAI and also independently refer to your tax advisor and to the latest Tax Reckoner. Investors should be aware that the fiscal rules/ tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of the individual nature of the tax consequences, each investor is advised to consult his/ her own professional tax advisor.
Riskometer
This product is suitable for investors who are seeking*:
  • To replicate returns of IDBI Gold ETF with atleast medium term horizon
  • Investments in units of IDBI Gold ETF / Money Market Instruments / IDBI Liquid Fund Scheme
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.