SBI Gold Exchange Traded Scheme NFO


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Gold as an Asset Class has given comparatively good returns over the years. To cater to the investor’s growing need of investing in gold SBI MF have come out with an offering of a Gold ETF. We are launching our Gold ETF New Fund Offer – “SBI Gold Exchange Traded Scheme (SBI GETS)” from 30/3/2009. The New Fund Offer is open from 30/3/2009 to 28/04/2009.

Here is an opportunity for you to invest in Gold and hold it in a secure and convenient demat form. SBI Gold Exchange Traded Scheme (SBI GETS) will offer you an innovative, cost-efficient and secure way to invest in Gold. Buying a single unit of SBI GETS would be equivalent to buying approximately one gram of physical Gold

Features of SBI GETS:

  • 1 unit of SBI GETS is equivalent to approximately 1gm of gold
  • Minimum initial investment is Rs. 5000/- and in multiples of Re. 1/- thereafter with no upper limit
  • Post NFO and listing, SBI GETS units can be easily traded like a security on the National Stock Exchange
  • NAV would be declared on every business day

Benefits of SBI GETS:

  • Efficient diversification for your portfolio and also a hedge against inflation
  • Cost effective – No making charges and premia, as incurred in Jewellery and physical gold
  • Secure – Each unit is backed by physical Gold held in secured vaults
  • Smaller unit size – You can invest in as low as one unit of SBI GETS i.e. approximately equal to one gram of Gold.
  • Assured Purity - Scheme will invest in physical gold of 995 fineness procured from LBMA approved miners

Minimum Investment amount will be Rs.5000 and in multiples of Re.1 thereafter.

Other Features:

Option - Growth

NAV to be disclosed on every business day

Liquidity - After allotment of units, units of the scheme will be listed on the National Stock Exchange and can be traded like any securities from the secondary market.

NO SIP/STP/SWP facility

Entry Load structure:

Upto Rs.25 Lakhs - 2.50%

Rs.25 Lakhs to Rs.50 Lakhs - 1.50%

Rs.50 Lakhs to Rs.1 crore - 1.00%

Rs.1 crore and above - Nil

There is no exit load.

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