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IDBI Gold Direct Growth

Other
FoF Overseas/Domestic
High Risk
13.71%
3Y annualised
0.00% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 05 Jul 2022₹14.77
Min. SIP amount₹500
Rating1
Fund size₹40.12Cr

Returns and rankings

Category: Other FoF Overseas/Domestic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns9.0%13.7%11.8%4.2%
Category average-1.6%14.9%7.0%NA
Rank with in category8910NA
Understand terms

Holdings (1)

NameSectorInstrumentAssets
IDBI Gold Exchange Traded FundFinancialMutual Fund99.9%

Pros and cons

Category: Other FoF Overseas/Domestic

Pros

Cons

1Y and 5Y annualised returns higher than category average
Lower alpha: -0.41 The fund has generated returns lower than benchmark - Domestic Price of Gold Index - in the last 3Y
Lower expense ratio: 0.26%
3Y annualised returns lower than category average by 1.32%
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 0.26%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Poonam Bansal
Jun 2022 - Present
View details

Education
Ms. Bansal has done Bachelor of Computer Applications and has qualified Company Secretary.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, IDBI Tower,WTC Complex, Cuffe Parade,Colaba, Mumbai 400005
Phone
022-66442800 / 1800-419-4324
Launch Date
29 Mar 2010
Website
NA
Amc Image
IDBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

Compare funds

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FAQs

How to Invest in IDBI Gold Direct Growth?

You can easily invest in IDBI Gold Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for IDBI Gold Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in IDBI Gold Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does IDBI Gold Direct Growth provide?

The IDBI Gold Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 9.02% since its inception.

How much expense ratio is charged by IDBI Gold Direct Growth?

The term Expense Ratio used for IDBI Gold Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of IDBI Gold Direct Growth is 0.26% as of 06 Jul 2022...

What is the AUM of IDBI Gold Direct Growth?

The AUM, short for Assets Under Management of IDBI Gold Direct Growth is ₹40.12Cr as of 06 Jul 2022.

How to Redeem IDBI Gold Direct Growth?

If you want to sell your IDBI Gold Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of IDBI Gold Direct Growth?

You can select either SIP or Lumpsum investment of IDBI Gold Direct Growth based on your investment objective and risk tolerance.

What is the NAV of IDBI Gold Direct Growth?

The NAV of IDBI Gold Direct Growth is ₹14.77 as of 05 Jul 2022.

What is the PE and PB ratio of IDBI Gold Direct Growth?

The PE ratio ratio of IDBI Gold Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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