| Nature | An 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. Firdaus Marazban Ragina |
| Benchmark | Domestic Price of Gold |
| Entry Load | Not Applicable |
| Exit Load | 1% for exit (Redemption/Switch-out/Transfer/SWP) within 12 months from the date of allotment.
|
| Plans | The Scheme offers following plans for investment :-
- Regular Plan
- Direct Plan
|
| Face Value | Rs. 10/- per unit |
| Additional Investment | Rs. 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 Re.1/- for all SIP irrespective of frequency of SIP or the Option.
|
| 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 |
Unit holders of the Scheme will be charged securities transaction tax (STT) at applicable rate on value of redemption of units.
**For further details on taxation please refer to the Section on Taxation in the SAI |
| 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. | |