The investor will be required to provide NACH Mandate (OTM) for enabling debits of variable amounts from his bank account for investing in Gold Savings Fund

The monthly SIP Installment will vary based on the prevailing spot price of Gold on MCX one working day prior to the SIP Installment date.

The minimum Investment Amount should be the amount equivalent to the prevailing price of 0.5 grams of Gold on MCX as on the date of Investment.

The minimum tenure shall be 12 Months.

Once Gold Accumulation Plan is started i.e. Gold quantity to accumulate (Equivalent amount) & tenure is fixed, it will not change irrespective of any additional purchase or redemption done by an investor.

Yes, an investor can make additional purchase in the Gold Accumulation Plan subject to a minimum amount of Rs.1000 and in multiples of Re. 1 thereafter.

No, there is no Lock-in period. However, any redemption or switch out before the specified period will be subjected to exit load. Kindly refer Scheme Information Document (SID) and Key Information Memorandum (KIM) for further information.

Based on the planned total Gold Accumulation (in gms) and number of Installments, per month Gold Accumulation (in gms) will be calculated. Then, per month Gold Accumulation (in grams) will be multiplied by the prevailing spot price of Gold per gram on MCX one working day prior to the SIP Installment. This will give the amount of Monthly Installment.

(Total Gold to be accumulated (in gms)/ No. of months) * Prevailing MCX Gold Spot Price per gram.

The investor can redeem by giving a redemption request in his Fundzbazar account. The Redemption amount shall be subject to applicable NAV based on cut-off timings and exit load, if any.

Investment in Gold Funds comes under the category of non-equity and the applicable Income Tax Rates are as follows:

• If the units are redeemed within 3 years from the date of investments, then Short Term Capital Gain tax rate will be as per the investor’s income tax slab rate.
• If the units are redeemed after 3 years from the date of investment, then Long Term Gain Tax of 20% with Indexation will be applicable.
• The dividend income received will be tax free. But, respective AMC has to pay a dividend distribution tax (DDT) of 28.84% before distributing this dividend income to its Unit-holders.
• In addition to the above tax rates, surcharge, education cess, secondary and higher secondary education cess may be applicable.
• Investor should consult their tax consultant for tax related issues.

1. Indian Residential Individual
2. Minors through natural/legal guardian
3. HUF through its Karta
4. Non Resident Indian (NRI), if permitted by respective AMCs

Tracking error means the variance between daily returns of the underlying benchmark (gold in this case) and the NAV of the scheme for any given period. NAV of the Scheme is dependent on valuation of gold. Gold has to be valued as per the formula provided by SEBI in its circular no. SEBI/IMD/CIR No. 2/65348/06 dated April 21, 2006. NAV so computed may vary from the price of Gold in the domestic market.

Factors such as the fees and expenses of the Scheme, cash balance, changes to the Underlying assets and regulatory policies may affect AMC’s ability to achieve close correlation with the Underlying assets of the scheme. The Scheme’s returns may therefore deviate from those of its Underlying assets.

Under normal circumstances, such tracking errors are not expected to exceed 2% per annum. However this may vary when the markets are very volatile.