onlinemutualfund
DSP Merrill Lynch World Gold Fund
Posted by onlinemutualfund on 29 July 2008
DSP Merrill Lynch World Gold Fund
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). 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.
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| *No entry load on direct applications i.e. applications not routed through an agent/distributor, with effect from January 4, 2008. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| *Exit load is not applicable in the case of switch out into DSP Merrill Lynch World Gold Fund and any open ended equity oriented scheme/plan of the Fund (other than DSP Merrill Lynch Balanced Fund) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indicative Asset AllocationUnder normal circumstances, it is anticipated that the asset allocation shall be as follows:
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Investor Benefits & General Services:• STP, SWP, Nomination & Direct Deposit Application facilities available, subject to applicable conditions as per the Offer Document • Redemption proceeds issued normally within 5 Business Days • Declaration of NAV on all Business Days • Sale and Redemption of units on all Business Days at Purchase Price and Redemption Price respectively Cut Off Time for Subscription, Redemption and Switching : 3.00 p.m. |
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| AS ON 30th JUNE 2008 | |||
| 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% | ||
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Mool Shanker Sharma said
Dear Sir,
I invested in DSP Merrill Lynch Gold Fund vide Folio No. XXXXXXX / YY. I am not getting any Account Statement for the last one year. I shall be thankful if the statement is sent to me regularly on quarterly/half-yearly basis.
Thanking you,
Sincerely,
Mool Shanker Sharma,
Delhi.
(Some Personal Information is removed for enhanced privacy protection)
onlinemutualfund said
@Mool Shanker Sharma,
You probably are not receiving your statement as under new SEBI regulation Asset Management companies are not required to send accorss quarterly/half yearly Account statements. They only need to send the statements in case any transaction is conducted during the said period. However, you can request DSP Mutual Fund to send accross the account statements whenever you desire.
Just pick up your phone and place a call.Your account statement will be delivered whenever you need.
OMF.
Puja said
i m interested in investment in Gold Mutual fund on monthly /one time investment suggest me a good one
onlinemutualfund said
Puja,
You can go in for any Gold ETF like UTI, SBI Gets or Reliance Gold Exchange Traded Funds. These EFT investments are comparable to buying physical gold. Opt for montly and not lump sum investments as Gold Prices in India and Gold Rates in US have increased manifolds. Staggered monthly investments similar to GOLD SIP.
OMF.
R.K.JAIN said
I HAVE INVESTED RS. 25000/- IN DSP MERRILINCG GOLD M.F. IN JULY 2008. SHOULD IT BE RETAINED OR SOLD? PL ADVICE.
anil kumar singh said
Dear Sir
I invest through SIP on dated 13/08/2008 in DSPML WORLD GOLD FUND-GROWTH. MY ACCOUNT NO IS :xxxxxxx/42. WANT TO STATEMENT FROM STARTING ON MY MAIL ID.
ALSO PLEASE TELL ME HOW TO CHANGE MY ADDRESS AND BANK DETAIL AND WHAT PROOF SUBMITTED.
WHAT IS PROCEDURE TO REDEMPTION. BECAUSE MY ADDRESS IS CHANGE…… KOLKATA (WB) TO BIHAR.
THANKS
ANIL KUMAR SINGH