ICICI Prudential Gold Savings Fund NFO - 20th Sep to 04th Oct

 launch of ICICI Prudential Gold Savings Fund on 20th September, 2011. The NFO will end on 4th October, 2011.

Gold has emerged as an important asset class for investors globally. Indian investors in particular have always held Gold as a significant part of their savings. Gold continues to be a preferred medium for value preservation as well as wealth creation over the long run. With this launch, we aim to provide an efficient and convenient vehicle to our investors for the purpose of taking exposure to an important asset class. ICICI Prudential Gold Savings Fund is a direct feeder into ICICI Prudential Gold ETF.

Please find a product presentation and a note that gives you initial discussion points and also find the enclosed attachment of the KIM of the same.

ICICI Prudential Regular Gold Saving Fund - Note.pdf Download this file

ICICI Prudential Regular Gold Savings Fund - Presentation.pdf Download this file

KIM-RegularGoldSavingsFund.pdf Download this file

SBI MF - Opportunity to invest in SBI Gold Fund

SBI Gold Fund - KIM.pdf Download this file

Dear Investor,  


We are pleased to announce the launch of our NFO “SBI Gold Fund” which is an open ended Fund of Fund (FOF) scheme that invests predominantly in units of SBI Gold Exchange Traded Scheme (SBI GETS). You can invest in SBI Gold Fund just like any other mutual fund scheme without the hassles of opening a Demat account. Gold as an investment asset has given positive returns (in USD) for each calendar year during the last decade out pacing most of asset classes.


Rationale for Gold Fund –


·        India is the World’s largest Gold consumer – As per World Gold Council report, about 50 % of  India’s 1.2 billion population is below 25 years of age and going by the above numbers, there would be 1.5 Cr weddings in the country  every year  which would create additional demand of 500 tonnes of gold annually.

·        Safe Haven – Gold is bought to protect their wealth and is liquidated only during emergency.

·        Safety & Purity – the underlying gold is the LBMA standard gold and there is no issue of safe custody.  All Gold bullion in the Gold ETF would be fineness (purity) of 995 parts per 1000

·        Liquidity - Investors can subscribe & redeem gold funds on all business day.

·        It acts as a hedge against global turmoil, markets, currency devaluation and inflation. Investment demand for gold and silver is soaring, due to inflation fears in the emerging economies.

·        Gold has intrinsic value.  Gold has intrinsic value because it is difficult to find, to mine and to refine

·        Gold and Paper currencies both are locked in vaults are not invested, they are simply being stored. Since neither is invested, they don’t earn invest or dividends, but they don’t have counterparty risk. The major difference between the two is gold’s purchasing power increases while paper currencies looses purchasing power year after year.  

·        Investor having medium to long term investment horizon can look for investment and diversification.

·        Too Much Money Chasing Too Little Gold - Central banks across the world are scrambling to increase reserves. Investment funds and banking institutions globally are turning to gold for insurance. Meanwhile, gold discoveries are down and production costs are rising.

·        Planning for future  needs - Opportunity to Gift your loved ones  SBI Gold Fund



Highlights of SBI Gold Fund –

Minimum Amount

Rs 5,000 & in multiples of Rs 1/-

Issue Price

Rs 10 per unit


Growth & Dividend (Reinvestment & Payout)

NFO opens on

August 22, 2011

NFO closes on

September 05, 2011

Scheme re-opens on

September 19, 2011

Fund Manager

Mr. Ravi Prakash Sharma

First SIP Date

October 15, 2011

SIP date options

SIP cycle of 5th/ 10th/ 15th/ 20th/ 25th / 30th   of every month

Entry Load


Exit Load

1 % if redeemed before 1 year from the date of allotment


The scheme 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)

Cheque in favor  of

SBI Gold Fund


Please refer to the Statement of Additional Information (SAI) & Tax Advisor


Gold Performance in past Years –

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Source – Bloomberg   Returns are in CAGR. Return of Gold in USD as on July 29, 2011. 

Past Performance may or may not be sustained in future. 


SIP Returns in Gold


1 Year

3 Years

5 Years

7 Years

10 Years

Amount Invested (Rs)






SIP Start Date






Gold Value (as on July 29, 2011)    (Rs)






Units Accumulated (in grams)






Investment Value (as on July 29, 2011) (Rs)












Source : Bloomberg   Returns are as on 29/07/2011 with SIP being done on 1st of every month.  Returns are CAGR & have been calculated for cash flows at different point of time using XIRR function in excel spreadsheet for LBMA AM Fix closing prices converted into INR.  Example given above is for illustration purpose only and for understanding the concept of SIP.  Mutual Fund/AMC does not assure any safeguard of capital, promise, guarantee or forecast any minimum returns and the illustration should not be construed as indicative of future results.


Requirements (Check List) –

·        Application Form

·        SIP Auto Debit/ECS form

·        Know your customer (KYC) Form – 1 photograph, Address Proof & Pan Card copy duly self attested

The relevant documents is attached for  your kind consideration. In case you have any specific queries regarding the scheme, please  feel  free to get in touch with your Relationship Manager/ Distributor / Advisor. 


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