SBI Mutual Fund introduces SBI Gold Exchange Traded Scheme (SBI GETS) - an open ended Gold exchange traded fund - designed to track the performance and yield of underlying asset Gold. The units will be listed on a National Stock Exchange.
Why Gold?
Gold has significantly low correlation with other asset classes e.g. equities, fixed income and commodities. This low correlation provides an excellent opportunity for Effective portfolio diversification & Maintaining stability in the portfolio returns. Its 5 years track record shows its consistency in performance over a period of time.
| As on March 15 | Gold Returns % |
| 1yr | 18.23 CAGR |
| 2yr | 29.29 CAGR |
| 3yr | 24.79 CAGR |
| 4yr | 25.60 CAGR |
| 5yr | 21.48 CAGR |
Note: 1 yr returns are annualized and more than one year are CAGR and the past performance of the scheme do not indicate the future performance. (Source: Bloomberg)
Objective: The investment objective of the fund is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold. However the performance of the scheme may differ from that of the underlying asset due to tracking error. (Click here for more details of the fund)
Offer for Units of face value of Rs. 100/- per Unit for cash at a premium equivalent to the difference between the allotment price and the face value of Rs. 100/- (subject to applicable load) during the New Fund Offer Period. Hurry! NFO closes on APRIL 28.
