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SBI Gold Fund Vs Nippon India Gold Savings Fund
SBI Gold Fund Vs Nippon India Gold Savings Fund is a comparative article that is done for the investors to choose the Best Gold Funds to invest. Though both the scheme belongs to the same category, they differ is a few parameters. Ideally, gold funds are a type of Mutual Funds that invest in gold. Gold Mutual Funds are a variant of gold ETFs. These are schemes that mainly invest in gold ETFs and other related assets. Unlike physical gold, they are easy to purchase and redeem (buying and selling). Also, they offer transparency of price for investors for buying and selling. So, let us understand the differences between SBI Gold Fund Vs Nippon India Gold Savings Fund by comparing various parameters such as AUM, NAV, performance, and so on.
SBI Gold Fund
SBI Mutual Fund launched SBI Gold Fund in the year 2011 with an aim to provide an efficient Gold Investment option to the investors.The fund seeks to provide returns that closely correspond to returns provided by SBI - ETF Gold. Raviprakash Sharma is the current fund manager with SBI Mutual Fund. He has an experience over 16 years in Indian Capital markets, spanning across Equity & Fixed Income. SBI Gold Fund falls under moderately high level of risk, thus investors who can bear such level of risk should only consider Investing in.
Nippon India Gold Savings Fund (Formerly Reliance Gold Savings Fund)
Important Information
From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.
Nippon India Gold Savings Fund (earlier known as Reliance Gold Savings Fund) was launched on March 07, 2011. This scheme is a type of Gold Mutual Fund that aims to attain its objectives by investing in RShares of Gold BeES. Nippon India Gold Savings Fund aims to segregate its investment pattern after conducting an in-depth analysis of macroeconomic events that impact the gold prices at both domestic as well as international level. Payal Wadhwa Kaipunjal is the sole fund manager of Nippon India Gold Savings Fund. She holds an overall work experience of 12 years in ETF fund management.
SBI Gold Fund Vs Nippon India Gold Savings Fund
SBI Gold Fund and Nippon India Gold Savings Fund both differ on account of numerous parameters though they belong to the same category. So, let’s understand the differences between them that are classified into four sections, namely, basics section, performance section, yearly performance section, and other details section.
Basics Section
Being the first section, it compares parameters such as current NAV, AUM Fincash Rating, scheme category, and many more. With respect to scheme category, both the schemes are a part of the same category- gold.
Based on Fincash Rating, it can be said that, both the schemes are rated as 2-Star Schemes.
The comparison of the basics section is as follows.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load SBI Gold Fund
Growth
Fund Details ₹22.0437 ↑ 0.11 (0.50 %) ₹1,604 on 31 Mar 24 12 Sep 11 ☆☆ Gold Gold Moderately High 0.24 0.33 0 0 Not Available 0-1 Years (1%),1 Years and above(NIL) Nippon India Gold Savings Fund
Growth
Fund Details ₹28.8677 ↑ 0.13 (0.45 %) ₹1,709 on 31 Mar 24 7 Mar 11 ☆☆ Gold Gold Moderately High 0.38 0.35 0 0 Not Available 0-1 Years (2%),1 Years and above(NIL)
Performance Section
Being the second section, it analyses the differences in the Compounded Annual Growth Rate or CAGR returns of both the schemes. These CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 5 Year Return, and Return since Inception. The comparison of CAGR returns reveals that there is not much significant difference between the performance of both the schemes.The table given below summarizes the comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Gold Fund
Growth
Fund Details 12.3% 17.7% 22.7% 22% 14.3% 17.3% 6.5% Nippon India Gold Savings Fund
Growth
Fund Details 11.9% 17.7% 22% 21.4% 14% 17% 8.4%
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Yearly Performance Section
The comparison of absolute returns generated by both the schemes for a particular year is done in the yearly performance section. The analysis of absolute returns shows that there isn't a huge difference in performance by both the funds. The summary comparison of the yearly performance section is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 SBI Gold Fund
Growth
Fund Details 14.1% 12.6% -5.7% 27.4% 22.8% Nippon India Gold Savings Fund
Growth
Fund Details 14.3% 12.3% -5.5% 26.6% 22.5%
Other Details Section
The minimum SIP Investment, and minimum lumpsum investment are some of the parameters that form part of the other details section. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, the schemes differ on account of minimum SIP investment. The SIP amount for SBI Gold Fund is INR 500 and in case of Nippon India Gold Savings Fund is INR 100.
The table given below summarizes the comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Gold Fund
Growth
Fund Details ₹500 ₹5,000 Raviprakash Sharma - 12.56 Yr. Nippon India Gold Savings Fund
Growth
Fund Details ₹100 ₹5,000 Himanshu Mange - 0.27 Yr.
Growth of 10k Investments over the years
SBI Gold Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹14,050 31 Mar 21 ₹13,659 31 Mar 22 ₹15,679 31 Mar 23 ₹18,142 31 Mar 24 ₹20,042 Nippon India Gold Savings Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹13,573 31 Mar 21 ₹13,513 31 Mar 22 ₹15,549 31 Mar 23 ₹17,934 31 Mar 24 ₹19,816
Detailed Portfolio Comparison
SBI Gold Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.54% Other 98.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -100% ₹1,507 Cr 277,817,928
↓ -1,343,218 Treps
CBLO/Reverse Repo | -0% ₹3 Cr Net Receivable / Payable
CBLO | -0% -₹3 Cr Nippon India Gold Savings Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.24% Other 98.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nippon India ETF Gold BeES
- | -100% ₹1,589 Cr 301,090,489
↑ 725,000 Triparty Repo
CBLO/Reverse Repo | -0% ₹4 Cr Net Current Assets
Net Current Assets | -0% -₹4 Cr Cash Margin - Ccil
CBLO | -0% ₹0 Cr
Therefore, in a nutshell, it can be said that both the schemes differ on account of numerous parameters. As a consequence, individuals should be very careful while choosing any of the schemes for investment. They should understand the modalities of the scheme completely and check whether the scheme matches their investment parameters or not. This will help individuals to attain their objectives on time and in a hassle-free manner.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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