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HDFC Mutual Funds

HDFC Gold Fund (Growth)

Precious MetalsGold
Recommended
Top Ranked

19.0873

NAV (Feb 22)

11.8%
5 Year CAGR
Scripbox Opinion
Recommended
HDFC Gold Fund (Growth) is recommended for investment within gold mutual funds.

Gold funds provides inflation beating growth over the long term and is suitable for investment objectives with duration specific to the chosen fund.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Good

The performance of the fund on a Fund Size metric has been Good

Long Term Performance

Good

The performance of the fund on a Long Term Performance metric has been Good

Scripbox Recommended Gold Funds
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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

19.0873

NAV (Feb 22)

Fund Returns

Last 1Y
9.1%
Last 3Y
9.1%
Last 5Y
11.8%
Last 10Y
6%
Since Inception
5.4%
6 Month CAGR
5.8%

Scheme Information

Investment Objective

To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund (HGETF).

Expense Ratio
0.5
Launched (13y ago)
Nov 01, 2011
AUM in Crores
1695.945
ISIN
INF179K01LC5
Lock-in
No Lock-in
Benchmark
Domestic Price of Gold
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
11.4
Standard Deviation (5yr)
13.2
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
0.225
Sharpe Ratio (5yr)
0.566
YTM
0
Fund Managers

Nirman Morakhia

Fund Manager

Arun Agarwal

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
HDFC Gold Fund (Growth)70%9,79,519 2,46,90711.8%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-02-22

Top Stock Holdings

hdfc gold etf

100%
100%

treps - tri-party repo

0.1%
0.1%

net current assets

0.1%
0.1%
See all holdings

Comparison with Precious Metals Funds

Fund NameFund SizeLong Term Performance
Kotak Gold Fund (G)
Kotak Gold Fund (G)

₹ 1,590 cr

₹ 1,695 cr

₹ 1,590 cr

₹ 1,590 cr

₹ 1,602 cr

About the AMC

HDFC Asset Management Company Limited

HDFC Asset Management Co Ltd manages assets worth 641,924 crores and was set up on 3 July 2000. It's current offering of mutual fund schemes includes 62 equity,190 debt and 30 hybrid funds.amc-img
1800 3010 6767/ 1800 419 7676 (Toll-free)
cliser@hdfcfund.com
Fund NameScripbox Opinion
Till Date CAGR

25.2%

13%

9.1%

5.4%

5.7%

7.8%

4.9%

5.8%

6.4%

5.9%

HDFC Gold Fund (Growth) is an Open-ended Fund of Fund Scheme investing in the HDFC Gold Exchange Traded Fund. It aims to provide capital appreciation to its investors. Since it is a gold scheme, the returns earned by HDFC Gold Fund (Growth) are similar to the appreciation of physical gold over the medium to long term. However, this is subject to tracking error. The prescribed asset allocation of the corpus is 95% to 100% towards Units of HDFC Gold Exchange Traded Fund. Furthermore, 0% to 5% is allocated towards Debt securities and money market instruments. The scheme may involve corporate debt securities, repo and reverse repo, credit default swaps, short selling and other transactions 

Investment Objective of HDFC Gold Fund (Growth)

The investment aim of HDFC Gold Fund (Growth) is to seek capital appreciation by purchasing HDFC Gold Exchange Traded Fund units (HGETF). The Scheme will primarily invest in HGETF units in order to meet its investment goal. The Scheme will acquire and sell HGETF units either directly from the Fund or through the Stock Exchange’s secondary market (s). Investments in debt securities and money market instruments will be limited to the limitations set out in the Scheme’s asset allocation, subject to the permissible limits set out in the SEBI (MF) Regulations.Investment in debt securities will be guided by credit quality, liquidity, interest rates and their outlook.The Scheme may also invest in mutual fund schemes. 

Scheme Details of HDFC Gold Fund (Growth)

HDFC Mutual Fund launched the HDFC Gold Fund (Growth) on November 01, 2011. The fund has been in existence for the past 11 years. 

NAV and Returns – The NAV of the fund as of 13th April 2022 is Rs  16.51. The risk-o-meter of the fund is moderately high. Hence, an investor must understand that their principal investment amount will be at moderately high risk. Owing to the fund’s objective, it invests a minimum of 95% of its assets in units of HDFC Gold Exchange Traded Fund units (HGETF). Since its inception, the scheme has delivered a return of 4.90%.

Minimum Investment – The minimum amount for a lump sum investment is Rs 5,000. For a SIP the minimum investment amount is Rs 1,000.

Plans and Options – An investor can invest either in the direct plan or the regular plan of the scheme. The portfolio under both the plans is the same. The fund provides growth options only. The income attributable to Units under the growth option will be reinvested and reflected in the Net Asset Value of these Units. 

Expense Ratio – The fund charges an expense ratio of 0.54% on the units of the mutual funds. 

Exit Load – If units are redeemed or switched out within 6 months of the date of allotment, an Exit Load of 2% is charged on each purchase or switch-in of units. If Units are redeemed or switched out after 6 months but within 1 year of the date of allotment, an Exit Load of 1% is due. If Units are redeemed or switched out after 1 year from the date of Allotment, no Exit Load is due. Unless the investment was made directly, without the use of a distributor code, switching from a Regular Plan to a Direct Plan within the same Scheme will be subject to the applicable exit load. However, there will be no exit load on any subsequent switch-outs or redemptions of such investments from the Direct Plan. There will be no exit load if you switch from the Direct Plan to the Regular Plan inside the same Scheme. Any future switch-out or redemption of such investment from the Regular Plan, on the other hand, will be subject to an exit load based on the date of the original investment in the Direct Plan. Switching investments between Plans in a Scheme with multiple portfolios is subject to the applicable exit load. On Bonus Units and Units issued on Re-investment of Income Distribution or Capital Withdrawal, there would be no exit load. Under the Transfer of Income Distribution cum Capital Withdrawal (IDCW) Plan Facility, no exit load will be imposed on Units issued under the Target Scheme (TIP Facility).

Fund Manager – Mr Kishan Daga manages the fund. Mr Daga is a Bachelors of Commerce (H). He worked with Reliance Mutual Fund, Reliance Capital Ltd., Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities, and HSBC Securities before joining HDFC AMC.

Other Details – There is no lock-in period for the scheme. So, an investor can redeem an investment anytime without any redemption limit. As of 13th April 2022, the AUM ofKotak Gold Fund (G) is Rs 1,334 cr. The fund benchmarks the Domestic Price of Gold. This fund is meant for investors with a minimum investment horizon of 5 years. 

Growth Review of HDFC Gold Fund (Growth)

Scripbox recommends HDFC Gold Fund (Growth) for investment within the gold mutual fund category. A gold mutual fund invests largely in gold exchange traded funds or equities of firms that mine, refine, or market gold and/or gold-related products. Moreover, the fund is suitable for an investment duration of 5 years or longer to fulfil these investment goals.

The fund invests in units of HDFC gold exchange traded fund. The fund has a low expenses ratio. It has the second highest AUM in this category. The fund has a track record of over 10 years.

The quarterly outperformance count measures the number of quarters that the fund outperformed its benchmark. Higher the out-performance count, higher the consistency of the fund’s performance. HDFC gold Fund’s outperformance count was good among its peers.

This gold fund has delivered a compounded annual growth rate of 12% return during a four-year period. This is much better than schemes with similar investment mandates.

  1. With the existence of 11 years, the fund has a sufficient history for analysis of past performance. Moreover, the fund’s track record is good. 
  2. With an AUM or relative size of Rs 1,334 cr, the scheme’s relative size is large within the category of the gold mutual fund.

Fund Performance

Annualised Returns

PeriodReturns
10 Years4.90%
5 Years11.30%
3 Years16.80%
1 Year11.30%
The above mentioned data is as of 13th April 2022

Performance Ratio

Standard Deviation14.86%
Beta0.71
Treynor’s Ratio0.18
Sharpe Ratio0.84
The above mentioned data is as of 13th April 2022

Asset Allocation

Asset Type (Gold vs Others)Weightage
HDFC Gold ETF100.10%
Triparty Repo0.10%
Net Current Assets / Liabilities(0.20%)
Reverse Repo0.10%
The above mentioned data is as of 13th April 2022

Frequently Asked Questions

Who should invest in HDFC Gold Fund (Growth)?

Gold has been treasured as a global currency, a commodity, an investment, and simply an item of beauty for thousands of years. Investor interest in gold has risen dramatically in recent years. There are a variety of other reasons why individuals and institutions around the world are reinvesting in gold. While gold has performed well in recent years, its greatest beneficial contribution to a portfolio is its lack of correlation with most other assets. This is due to the fact that the price of gold is not influenced by the same factors that influence the performance of other assets. In comparison to many other assets, gold provides greater diversification.
The Scheme’s investment aim is to seek capital appreciation by purchasing HDFC Gold Exchange Traded Fund units (HGETF). The Scheme will primarily invest in HGETF units in order to meet its investment goal. The Scheme will either acquire or sell HGETF units directly from the Fund or through the Stock Exchange’s secondary market (s). The scheme invests in debt securities and money market instruments according to the regulation set aside by the SEBI. Furthermore, while investing in debt securities the scheme considers credit quality, liquidity, interest rates and their outlook. Hence, this scheme is suitable for investors who seek exposure to gold funds.

What is the expense ratio of HDFC Gold Fund (Growth)?

The expense ratio of HDFC Gold Fund (Growth) is 0.54%

What is the AUM of HDFC Gold Fund (Growth)?

As of 13th April 2022, the AUM ofKotak Gold Fund (G) is Rs 1,334 cr.

What is the exit load on HDFC Gold Fund (Growth)?

If units are redeemed or switched out within 6 months of the date of allotment, an Exit Load of 2% is charged on each purchase / switch-in of units. If Units are redeemed or switched out after 6 months but within 1 year of the date of allotment, an Exit Load of 1% is due. If Units are redeemed or switched out after 1 year from the date of Allotment, no Exit Load is due. 

How is HDFC Gold Fund (Growth) taxed?

Since HDFC Gold Fund (Growth) provides growth options only, the scheme does not provide a dividend income. It provides capital appreciation in the form of the growth of NAV to its investors. Hence, an investor will receive capital gains on the sale of the units of the fund. On such a redemption the taxpayer will have received capital gains depending on the period of holding of the units sold.
If the taxpayer sells the units after 36 months then a long term capital gain arises. The long term capital gain is taxable at a flat rate of 20% after the benefit of indexation. If the taxpayers sell the units before the expiry of 36 months then short term capital gain arises. The short term capital gain is taxable at the applicable slab rate to the taxpayer. Hence, the total capital gain is added to the gross total taxable income for the financial year.

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