Investors are informed that by way of ‘Gold Investment Plan’ they would be systematically investing in units of Reliance Gold Savings Fund (RGSF), an Open Ended Fund of Fund Scheme investing in units of Reliance ETF Gold BeES, an open ended exchange traded scheme with physical gold as an underlying asset. Investors are requested to note that they would be accumulating units of RGSF (equivalent to price of physical gold subject to applicable NAV) and not physical Gold. For more details please refer FAQs
The investment objective of RGSF is to seek to provide returns that closely correspond to returns provided by Reliance ETF Gold BeES
The asset allocation of RGSF is as follows:
|Units of Reliance ETF Gold BeES||95||100||Medium to High|
|Reverse repo and /or CBLO and/or short-term fixed deposits and/or Schemes which invest predominantly in the money market securities or Liquid Schemes*||0||5||Low to Medium|
*The Fund Manager may invest in Liquid Schemes of Reliance Mutual Fund. However, the Fund Manager may invest in any other scheme of a mutual fund registered with SEBI, which invest predominantly in the money market securities.
Investors may please note that they will be bearing the expenses of RGSF in addition to the expenses of Reliance ETF Gold BeES in which RGSF scheme makes investment.
Loads: Entry Load:Nil ExitLoad: 2%- If redeemed or switched out on or before completion of 1 year from the date of allotment of units, Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of units.
Past performance of the Scheme may or may not be sustained in the future. Investment in Mutual Fund Schemes carries high risk and any investment decision needs to be taken only after consulting the Tax Consultant or Financial Advisor. Mutual Fund Investments are subject to Market Risks ,read all scheme related documents carefully.
Reliance Gold Savings Fund:
This product is suitable for investors who are seeking*:
*Investor should consult their financial advisers if in doubt about whether the product is suitable for them.
Reliance ETF Gold BeES This product is suitable for investors who are seeking*:
It is an investment facility which offers investors an opportunity to accumulate money for buying gold for specific purposes. The investors can invest on a monthly basis in Reliance Gold Savings Fund (FOF scheme) over their desired investment period/tenure.
For subscription purpose, the units of the scheme are being offered publically. The following persons (subject, wherever relevant, to purchase of units being permitted under their respective constitutions and relevant State Regulations) will be eligible to subscribe to the units:
(1) Resident Adult Individuals, either single or jointly (not exceeding three).
(2) Parents/Lawful guardians on behalf of Minors
It should be noted that this is an indicative list. RNAM reserves the right to include/exclude any new/existing investors’ categories to invest in this scheme from time to time, subject to the SEBI’s Regulations if any.
The money of the investors will be invested in Reliance Gold Savings Fund (an open ended Fund of Fund Scheme) which in turn invests in Reliance ETF Gold BeES. Reliance ETF Gold BeES is a Gold Exchange Traded Fund (ETF) which invests in physical Gold with 99.5% purity.
There is no lock-in period for this plan. However, if the investment is redeemed or switched out on or before completion of 365 days from the units’ allotment date, 2% of exit load will be applicable.
The investor will be charged a maximum of 1.50% of the daily net assets including the expenses charged in its underlying investments in Reliance ETF Gold BeES and additional expenses as allowed by sub-regulation 6A of regulation 52 of SEBI Mutual Fund Regulations, 1996.
Entry Load - Nil
Exit Load- 2% only if the investment is redeemed or switched out on or before completion of 365 days from the date of allotment of units
Nil - If redeemed or switched out after the completion of 1 year from the date of allotment of units.
For latest expense ratio and Exit load, please refer: Expense Ratio- https://www.reliancemutual.com/AboutUs/latest-updates/Pages/default.aspx
The investments will be made monthly in Gold Investment Plan. It includes the corpus debit of predecided (monthly) value which would be the different subject to the predominant rate of gold. Every month the potential investors will be getting a peculiar alert to make a reminder about the amount to be debited from their account. This debiting amount may differ depending on the rampant gold price.
The starting minimum value for investing in the fund is Rs. 5000 and after that in multiples of Rs. 1. The further investing purchase amount in Reliance Gold Savings Fund is Rs. 1000 and after again in multiples of Rs.1.
The amount will be decided by the total Gold which needs to be gathered up over the investment scope divided by the number of months. This would be multiplied by the current price of Gold on NCDEX of the past day from the date of investment.
The amount can easily be redeemed from the Reliance Gold Savings Fund on any working day, from the AMC directly at the current applicable NAV and exit load.
You can choose to invest in this scheme via lump-sum mode. The most prominent advantage is that investors get to invest in gold without having to bother much about procuring the precious metal. The investment amount varies according to the amount of gold you invest in grams. It is a fund of fund scheme which endeavors to match returns offered by Reliance Gold Exchange Traded Fund. However, unlike the ETF fund, it does not require de-mat account for investment.
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