Dear All, As you all may be aware by now SBI Mutual Fund launching a new fund - SBI Gold Fund on August 22, 2011. SBI Gold Fund is a fund of fund which will invest in the units of SBI Gold Exchange Traded Scheme (SBI GETS).
Brief on SBI Gold Fund : The two most important concerns while buying gold are purity and safety (in terms of storage). To address both these concerns , SBI GETS (Gold ETF ) was launched where investments are made in dematerialized (demat) form. Considering that dematerialization is a new concept in India and there is very low penetration of demat accounts amongst Indian investors. This low penetration has prevented access to gold as an asset class for investors who don't have a demat account. Continuing our endeavor to provide investors an access to this investment vehicle, SBI Mutual Fund is launching a SBI Gold Fund. SBI Gold Fund is an investment avenue for the investors, where investors can invest in gold ( through gold ETF ) without a demat account, This fund also offers the facility of Systematic investment plan. Key feature of the fund are as under : · Type of Fund : Open ended Fund of fund · Investment Objective: The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by SBI Gold Exchange Traded Scheme (SBI GETS). · NFO Launch date: August 22, 2011 · NFO closes on: September 05, 2011 · Scheme Re-opens on: September 19, 2011 · Fund Manager: Ravi Prakash Sharma · Minimum investment: Rs. 5000 and in multiples of Re. 1 thereafter. · SIP Dates: SIP cycle of 5th/ 10th/ 15th / 20th /25th/30th (for February last business day) · Plan and Options Offered: Growth and Dividend Plan (under dividend- reinvestment & payout facility both are available) · Benchmark: The Scheme's performance will be benchmarked against the price of physical gold. The price here refers to the morning fixing of Gold by London Bullion Market association (LBMA). · Load Structure During NFO as well as ongoing basis o Entry Load : Nil o Exit Load § Exit within 1 year from the date of allotment - 1 % § Exit after 1 year from the date of allotment - Nil With Best Regards SHENOY INVESTMENT AND FINANCIAL CONSULTANTS PRIVATE LIMITED 11-A, KASHI NIKETAN, 2ND ROAD, CHEMBUR, MUMBAI - 400 071 TEL : 6797 3433 / 2521 2111 EMAIL : [email protected] [email protected] Dealing in Mutual Funds, General & Life Insurance Products, Post Office Schemes, Fixed Deposits, I.P.Os., and Capital Gains Bonds -- You received this message because you are subscribed to the Google Groups "BETTER PERSONALITY GROUP" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/better_personality?hl=en.
