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Fincash » SBI Gold Fund Vs Reliance Gold Savings Fund

SBI Gold Fund Vs Reliance Gold Savings Fund

Updated on November 19, 2019 , 331 views

SBI Gold Fund Vs Reliance 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 Reliance 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.

Reliance Gold Savings Fund

Reliance Mutual Fund launched the Reliance Gold Savings Fund 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. Reliance 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 Reliance Gold Savings Fund. She holds an overall work experience of 12 years in ETF fund management.

SBI Gold Fund Vs Reliance Gold Savings Fund

SBI Gold Fund and Reliance 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
BasicsNAV
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
₹11.9759 ↓ -0.02   (-0.19 %)
₹388 on 31 Oct 19
12 Sep 11
Gold
Gold
Moderately High
0.43
1.08
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
Reliance Gold Savings Fund
Growth
Fund Details
₹15.8742 ↓ -0.07   (-0.44 %)
₹750 on 31 Oct 19
7 Mar 11
Gold
Gold
Moderately High
0.63
1.03
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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Gold Fund
Growth
Fund Details
-0.5%
1.8%
19%
22.2%
8.2%
6.1%
2.2%
Reliance Gold Savings Fund
Growth
Fund Details
-0.2%
2.2%
19.1%
21.9%
7.7%
6%
5.5%

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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 Performance2018
2017
2016
2015
2014
SBI Gold Fund
Growth
Fund Details
6.4%
3.5%
10%
-8.1%
-10.2%
Reliance Gold Savings Fund
Growth
Fund Details
6%
1.7%
11.6%
-8.1%
-9.8%

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 Reliance Gold Savings Fund is INR 100.

The table given below summarizes the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Gold Fund
Growth
Fund Details
₹500
₹5,000
Raviprakash Sharma - 7.64 Yr.
Reliance Gold Savings Fund
Growth
Fund Details
₹100
₹5,000
Mehul Dama - 0.9 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Gold Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,861
31 Oct 16₹11,027
31 Oct 17₹10,600
31 Oct 18₹11,285
31 Oct 19₹13,576
Growth of 10,000 investment over the years.
Reliance Gold Savings Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,928
31 Oct 16₹11,212
31 Oct 17₹10,552
31 Oct 18₹11,278
31 Oct 19₹13,483

Detailed Portfolio Comparison

Asset Allocation
SBI Gold Fund
Growth
Fund Details
Asset ClassValue
Cash0.39%
Other99.88%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI ETF Gold
- | SETFGOLD
100%₹373 Cr1,108,532
↑ 42,051
Treps
CBLO/Reverse Repo | -
0%₹1 Cr
Net Receivable / Payable
- | -
0%-₹1 Cr
Asset Allocation
Reliance Gold Savings Fund
Growth
Fund Details
Asset ClassValue
Cash0.52%
Other99.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nippon India ETF Gold BeES
- | GOLDBEES
100%₹748 Cr2,196,058
↓ -3,550
Triparty Repo
CBLO/Reverse Repo | -
0%₹4 Cr
Net Current Assets
Net Current Assets | -
0%-₹2 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.

Disclaimer:
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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