SBI Gold Fund Accumulation Facility – Details & Review
SBI Gold Fund has recently launched the unique Gold Accumulation Facility under it's Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP).
The facility would allow investors to invest in the scheme based on a specific quantity of SBI Gold Exchange Traded Schemes (SBI GETS) unit, wherein unit of SBI GETS represent approximately 1 gram of gold.
Till now, you could invest in Gold Mutual Funds only by a specific amount and not by quantity (as in Gold ETF – you buy by quantity)
Terms & conditions for the Gold Accumulation Facility SIP:
Target scheme: SBI Gold Fund
Frequency: Monthly & Quarterly
Minimum units: 1 unit of SBI GETS & in multiples of thereof
Maximum SIP instalment amount will be capped at Rs. 1 lakh.<
Minimum number of instalments: 6 for monthly S...