SBI Gold Fund by SBI Mutual Funds opened on 22nd August 2011

 
New Fund Offer from 22nd August 2011 to 5th September 2011

Gold as an investment asset has given positive returns during the last decade. SBI Mutual Fund is introducing a new Fund called SBI Gold Fund which is an open ended Fund of Fund (FOF) scheme that invests predominantly in the units of SBI Gold Exchange Traded Scheme (SBI GETS). 

Plans and Options
Growth and Dividend Plan (with both payout and reinvestment options)

Min. investment size initial purchase
Rs. 5000/- and in multiples of Re. 1 thereof & Additional purchase: Rs. 1000/- and in multiples of Re. 1 thereof

SIP Plans 
Rs.100/month minimum 60 months (available only through the direct debit mode of SBI & associate banks)
Rs.500/month for minimum 12 months
Rs.1000/month minimum 6 months
Rs.500/quarter minimum 12 quarters
Rs.1500/quarter for minimum 4 quarters.


SBI Gold Fund is treated as a non equity product from tax perspective and investors can claim long term capital gains tax after a period of one year of investments.

Link for further details and application download.

http://www.sbimf.com/SBI_Gold_Fund/downloads.html