Axis Mutual Fund has launched the “Gold and Silver Passive Fund of Funds.” Investors can invest in both gold and silver ETFs simultaneously. The starting investment amount is just ₹100.
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New Fund Launch: Axis Mutual Fund has brought a unique opportunity for mutual fund investors. The company has introduced its new scheme, “Axis Gold and Silver Passive Fund of Funds” (FoF). This fund is ideal for those looking to invest in precious metals. Investors will directly benefit from increases in gold and silver prices. Importantly, this does not require you to own physical gold or silver.
The perfect combination of gold and silver
This is an open-ended fund of funds scheme. Its primary objective is to invest in gold and silver exchange-traded funds (ETFs). This fund allows investors to invest in both precious metals from a single platform. Historically, gold and silver have been considered a strong hedge against inflation. This scheme will significantly help investors balance their portfolios.
Time till December 22 for investment
If you’re interested in investing in this new scheme, the New Fund Offer (NFO) is currently open. Investors can apply until December 22nd. This fund is designed for those seeking long-term capital growth. It offers transparency and a simple investment approach.
Investment strategy and benchmarks
This scheme has an interesting structure. It primarily purchases units of gold and silver ETFs. The fund’s performance is measured using a 50:50 ratio of domestic gold and silver prices. This means your money will be invested equally and balanced across both metals. This helps reduce risk and improve returns.
Facility to invest from just ₹ 100
Axis Mutual Fund has made this scheme accessible to all segments of society. During the NFO, you can start investing with a minimum amount of just ₹100. This is a significant advantage for investors with a limited budget. The fund will be managed by experienced fund managers Pratik Tibrewal and Aditya Pagaria. The fund’s units will be managed under their supervision.
Exit Load and Redemption Rules
Investors should also be aware of the exit load. If you sell or switch your units within 15 days of investing, you will be charged an exit load of 0.25%. However, if you withdraw after 15 days, you will not incur any additional charges (exit load). This rule encourages investors to stay invested for a longer period of time rather than a short-term one.
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