Investment Objective
Nippon India Gold Savings Fund seeks to generate returns for its investors, which closely correspond to the returns generated by Nippon India ETF Gold BeES.
Investment Strategies
- Nippon India Gold Savings Fund’s investment strategy involves investing exclusively in Nippon India ETF Gold BeES, which in turn invests in physical gold meeting the high purity standard of 99.5% (or 995 parts per 1000).
- The fund’s focus is to provide returns that closely match the returns provided by Nippon India ETF Gold BeES.
- At least 95% of the portfolio will be invested in the units of Nippon India ETF Gold BeES.
- The remaining 5% might be invested in money market Instruments, including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents.
Who Should Invest
- Investors seeking capital growth in the long term
- Investors seeking returns that are commensurate with the performance of Nippon India ETF Gold BeES through investment in securities of Nippon India ETF Gold BeES
- Investors who do not have demat A/c but seeking a convenient way of investing in gold without buying physical gold
- Investors seeking to gain exposure to gold through SIPs for smaller and regular investments; to benefit from rupee cost averaging; and/or to avoid market-timing