Go Back   2020-2021 StudyChaCha > StudyChaCha Discussion Forum > General Topics





  #2  
Old June 17th, 2013, 03:16 PM
Super Moderator
 
Join Date: Dec 2011
Default Re: SBI SIP Gold

The Gold Accumulation Facility would provides you to invest in the scheme based on a specific quantity of SBI Gold Exchange Traded Schemes (SBI GETS) unit.

Terms & conditions for the Gold Accumulation Facility SIP:

This facility will be available only through direct debit banks.
Target scheme: SBI Gold Fund
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 SIP & 4 for quarterly SIP.

Frequency: Monthly & Quarterly

SIP in Gold

Period 1 Year 3 Years 5 Years 7 Years 10 Years
Amount Invested (Rs.) 60,000 180,000 300,000 420,000 600,000
SIP Start Date 01/04/2012 01/04/2010 01/04/2008 01/04/2006 01/04/2003
Gold Price (Rs/Gm) (As on March 28, 2013) 2807.15 2807.15 2807.15 2807.15 2807.15
Total no. of units accumulated 20.85 77.02 163.18 290.78 590.16
Investment value (As on March 28, 2013) in Rs. 58516 216218 458073 816274 1656682
Returns on SIP in Gold (%) -4.65% 12.36% 17.02% 18.69% 19.32%

Comparision of SBI Gold Fund with other gold instrument

__________________
Answered By StudyChaCha Member
Reply With Quote
  #3  
Old October 12th, 2015, 06:05 PM
Unregistered
Guest
 
Default Re: SBI SIP Gold

Tell me from where I can get details about Systematic Investment Plan (SIP) for Gold Fund in State Bank of India (SBI). If you have information about all term and condition for Systematic Investment Plan (SIP) Gold Fund, so give that all.
Reply With Quote
  #4  
Old October 12th, 2015, 06:05 PM
Super Moderator
 
Join Date: Dec 2012
Default Re: SBI SIP Gold

The State Bank of India provides unique Gold Accumulation Facility under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP).

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

Facility will be available only through Direct Debit Banks.

Maximum SIP Instalment amount will be capped at more then Rs. 1 lakh

Investor will mention number of units of SBI GETS as SIP Instalment in SIP Mandate Form.

Minimum Number of Instalments: 6 for Monthly SIP & 4 for Quarterly SIP.

Instalment amount will be calculated based on SBI GETS NAV.

SIP Availability:

Only on specific dates of the month viz. 5th/10th/15th/20th/25th/30th (For February, last business day).

All other terms & conditions of regular SIP will be applicable for Gold Accumulation Facility SIP in SBI Gold Fund

Terms & conditions for the Gold Accumulation Facility STP:

Target scheme: SBI Gold Fund

Source scheme: All open ended schemes

Weekly STP will be done on 1st, 8th, 15th& 22nd in a month.

Frequency: Weekly, Monthly & Quarterly

Minimum Units: 1 unit of SBI GETS & in multiples of thereof.

Completed application form for STP should be submitted by investors at least 10 days before the first transaction date

Investor will mention number of units of SBI GETS as STP instalment in STP form.

Minimum number of instalments: 6 for weekly & monthly STP & 4 for quarterly STP.

Instalment amount will be calculated based on SBI GETS NAV

Exit load as applicable in the target/source schemes

For More Details, contact:
Call Customer Care
1800-425-5425

To Invest
SMS "SBIMF" To 56161
__________________
Answered By StudyChaCha Member
Reply With Quote
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options



All times are GMT +6.5. The time now is 10:01 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8