Mutual Funds Idea - DSP ML World Gold Fund.
>> Monday, August 4, 2008
Mutual Funds Idea - DSP ML World Gold Fund: -
Current NAV: - 13.19 Rs.
Min Investment: - 5000 Rs.
Total Assets: - 2062.44 ( June 30, 2008 )
Summary: -
This is an open ended growth scheme. Launched last September . The fund has never sliped below 10 Rs at which the company gave to the public. Its all time low is 11.50 and all time high is 16.30.
This fund basically invests in gold mining companies. Its an open-ended fund of funds scheme, investing in gold mining companies through an international fund, with the primary objective of seeking capital appreciation by investing predominantly in units of Merrill Lynch International Investment Funds – World Gold Fund (MLIIF –WGF).
Objective: -
The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time.
Why to invest ?
Gold prices are rising at a never stopping rate. Currently gold is giving a side ways movement. A much uptrend is left to be seen in gold. Gold is currently trading range bounded within 12200 - 13250 Rs.
Portfolio: -
| Top 10 Sectors | Top 10 Stocks | ||
| Industry | % to Net Assets | Name of Instrument | % to Net Assets |
| Gold | 76.70% | Newcrest Mining | 7.90% |
| Platinum | 11.30% | Barrick Gold | 6.90% |
| Silver/ Gold | 8.90% | Kinross Gold | 6.60% |
| Cash | 2.30% | Impala | 5.50% |
| Diamonds | 0.80% | Minas Buenaventura | 5.40% |
| INDS Penoles | 4.10% | ||
| Goldcorp | 5.40% | ||
| Lihir Gold | 4.60% | ||
| Agnico Eagle Mines | 4.00% | ||
| Newmont Mining | 4.00% | ||
Verdict: -Buy.
Ratings: -3.5/5
Want to buy this fund through us mail us at contact@indianmoneyplus.com
Happy Investing.!
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