Reliance Gold Savings Fund

[shyam.trivedi]

Does anyone here know if there is an entry or exit load on the Reliance Gold Savings Fund?

 

[shyam.trivedi]

Hey, there is no entry load on the Reliance Gold Savings Fund, there is however an exit load which is 2%. If redeemed or switched out on or before completion of 1 year from the date of allotment of units. Im sure the Reliance Mutual Fund website will have more information on this.

 

[ris]

Isn't this a sort of fund of funds since they will be investing this money in Relaince gold etf fund?Wouldn't that increase the expenses of this fund?

 

[ashwani08]

y u r getting into this fund when u can buy nifty gold from nse.

 

[abdriver2000]

Isn't this a sort of fund of funds since they will be investing this money in Relaince gold etf fund?Wouldn't that increase the expenses of this fund?

Yes, the expenses of this fund are high due to dual expenses. An excellent insight into this fund can be found here > http://www.tflindia.in/2011/02/reliance-gold-savings-fund-review-invest.html

Initially, there is euphoria of being able to SIP in Gold, but at closer look, it may not really be worth it.

 

[aneedavid]

Buying Goldbees traded in nse bse is a better than rel gold. no exit load either.

 

[nsuresh_rasr]

I too was more keen on this fund and did a research. i think its better to avoid this fund, since there is lot of hidden cost in this.
gold allocation should be at max 6-10% of your portfolio, and its better investing in ETF gold , rather than reliance gold savings fund.