PineBridge World Gold Fund

PineBridge World Gold Fund is a Fund of Funds scheme that invests in international securities of Gold production, processing & marketing companies through an international fund - Falcon Gold Equity Fund. It is managed by Mr. Vikrant Mehta. New investors can safely skip this fund. If you have already invested keep a close watch on its performance.

Where does PineBridge World Gold Fund invest your money?

The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of Falcon Gold Equity Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Mutual Funds, in order to meet liquidity requirements from time to time.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchas
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
How has PineBridge World Gold Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 2008, your value of investments would be around Rs 0.96 lakh. The performance has not been similar to other funds in this category. The fund has been giving around -0.71% returns for those who have stayed invested since inception. 

Assume you had invested Rs 10,000 every month in PineBridge World Gold Fund through SIP since inception today you would have around Rs 5.12 lakhs.

How will PineBridge World Gold Fund perform in the future?

Needless to say no one can predict the future of markets. We have firm belief in the future prospects of the Indian economy. If the Indian economy grows at 9% then the leading companies tend to do well. When the companies do well their stock prices follow their performance. So if you expect the economy to grow at 8% then you can expect top performing mutual funds to give you returns in excess of 14%.

Mutual fund schemes that have exposure to mid-sized companies tend to show results when their bet on few companies comes true. We advise you to avoid too much of star gazing and future prediction. Be reminded that equities are one of the asset classes that have the potential to beat inflation. Your aim for core portfolio should be to beat inflation.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Recommended
When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

How frequently you need to monitor the performance?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a year. Too much attention is not good.

What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of PineBridge World Gold Fund is 1.99%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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