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Ramalingam Kalirajan10873 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on Jun 16, 2025
Asked on - Jun 15, 2025
Hi Sir, I want to invest in Gold Mutual Fund, Between Axis Gold Fund and Quantum Gold Savings Fund which one is better? I heard only axis & SBI invest in physical gold & others are indirect FOF, can you suggest me if Quantum fund is ok proceed as it has o exit load & very minimal exp ratio. Please suggest sir.
Ans: You are clearly evaluating your options thoughtfully, which is very wise. Many investors ignore the small details. But you are giving importance to expenses, exit load, and gold backing. That is a good mindset to build wealth.
Let’s now look at this from a Certified Financial Planner’s 360-degree view.
Gold Mutual Funds – Basics to Know
These are not traditional mutual funds with stocks.
They invest in Gold ETFs, which in turn invest in physical gold.
Some AMC’s gold mutual funds are fund-of-funds (FoF).
That means, they don’t hold gold directly, but invest in their own ETF.
Still, the underlying asset is physical gold, held in secure vaults.
So, even fund-of-funds are not “indirect” in a bad sense.
They are structured differently, but still backed by gold.
Axis Gold Fund vs. Quantum Gold Savings Fund – Quick Comparison
Let us look at some key parameters:
1. Exit Load:
Axis Gold Fund has exit load if withdrawn within 15 days.
Quantum Gold Savings Fund has no exit load.
2. Expense Ratio:
Quantum Gold Savings Fund has a lower expense ratio than Axis.
Lower expenses mean higher returns for same gold performance.
3. Investment Approach:
Both invest in their own ETFs, which hold physical gold.
Axis Gold Fund invests in Axis Gold ETF.
Quantum Gold Fund invests in Quantum Gold ETF.
4. AMC Philosophy:
Quantum follows low-cost, conservative style.
Axis focuses on growth and active product positioning.
5. Performance Consistency:
Returns are very similar across all gold funds.
Main reason is: All depend on gold price.
Slight difference only due to cost structure.
Is Quantum Really Indirect or Less Trustworthy?
Let me be clear as a Certified Financial Planner.
Quantum Gold ETF holds physical gold in government-approved vaults.
Quantum Gold Savings Fund invests in that ETF.
So you are still getting physical gold exposure.
Just like Axis and SBI.
So, saying Axis and SBI are “more physical” is not a fair statement.
Quantum follows a transparent and cost-efficient structure.
They are not less reliable or indirect.
Which One is Better for You?
Based on your priorities:
You prefer no exit load.
You want low expense.
You are not biased toward brand names.
You understand gold funds work same in structure.
In that case, Quantum Gold Savings Fund is a very suitable choice.
But please keep these in mind:
Gold funds should not be your core investment.
Limit to 5–10% of your total portfolio.
Use it for diversification or hedging against inflation and currency risk.
Don’t invest heavily in gold expecting high returns.
Gold gives protection, not wealth creation.
Don’t Invest in Direct Plan Without Guidance
If you are considering direct plan, please be cautious.
Why not direct gold fund plans?
No expert review of portfolio.
You may ignore rebalancing when needed.
Tax implications may be miscalculated.
Overlap with other asset classes may be missed.
No help when gold prices fall sharply.
Invest through regular plan with a Certified Financial Planner.
That gives:
Timely guidance.
Proper gold allocation in your full portfolio.
Exit strategy during price surge or global changes.
Tax Rules for Gold Funds – Know Before You Invest
New rules from FY25 are:
Short-term capital gains (STCG) taxed as per your income slab.
Long-term capital gains (LTCG) also taxed as per your income slab.
Earlier LTCG on gold funds was 20% with indexation.
Now, no indexation benefit.
So you need to plan exits wisely to avoid high tax impact.
A Certified Financial Planner can time your redemptions better.
Final Word on Axis vs. Quantum
Both are decent gold funds.
But based on:
Lower expense ratio
No exit load
Clean and simple structure
Quantum Gold Savings Fund looks better for a smart investor like you.
But always invest through regular plan via a qualified expert.
Don’t decide in isolation. Consider your overall portfolio.
Also, keep an eye on global gold prices and rupee fluctuations.
These will affect returns more than AMC choice.
Final Insights
You are doing good by asking before investing.
Many jump into funds due to marketing or peer advice.
Please:
Keep gold exposure limited to 5–10%.
Use only regular mutual fund route.
Review gold holding once a year.
Invest only if long-term horizon is more than 3 years.
With these steps, your investment will stay aligned with your goals.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
(more)
Let’s now look at this from a Certified Financial Planner’s 360-degree view.
Gold Mutual Funds – Basics to Know
These are not traditional mutual funds with stocks.
They invest in Gold ETFs, which in turn invest in physical gold.
Some AMC’s gold mutual funds are fund-of-funds (FoF).
That means, they don’t hold gold directly, but invest in their own ETF.
Still, the underlying asset is physical gold, held in secure vaults.
So, even fund-of-funds are not “indirect” in a bad sense.
They are structured differently, but still backed by gold.
Axis Gold Fund vs. Quantum Gold Savings Fund – Quick Comparison
Let us look at some key parameters:
1. Exit Load:
Axis Gold Fund has exit load if withdrawn within 15 days.
Quantum Gold Savings Fund has no exit load.
2. Expense Ratio:
Quantum Gold Savings Fund has a lower expense ratio than Axis.
Lower expenses mean higher returns for same gold performance.
3. Investment Approach:
Both invest in their own ETFs, which hold physical gold.
Axis Gold Fund invests in Axis Gold ETF.
Quantum Gold Fund invests in Quantum Gold ETF.
4. AMC Philosophy:
Quantum follows low-cost, conservative style.
Axis focuses on growth and active product positioning.
5. Performance Consistency:
Returns are very similar across all gold funds.
Main reason is: All depend on gold price.
Slight difference only due to cost structure.
Is Quantum Really Indirect or Less Trustworthy?
Let me be clear as a Certified Financial Planner.
Quantum Gold ETF holds physical gold in government-approved vaults.
Quantum Gold Savings Fund invests in that ETF.
So you are still getting physical gold exposure.
Just like Axis and SBI.
So, saying Axis and SBI are “more physical” is not a fair statement.
Quantum follows a transparent and cost-efficient structure.
They are not less reliable or indirect.
Which One is Better for You?
Based on your priorities:
You prefer no exit load.
You want low expense.
You are not biased toward brand names.
You understand gold funds work same in structure.
In that case, Quantum Gold Savings Fund is a very suitable choice.
But please keep these in mind:
Gold funds should not be your core investment.
Limit to 5–10% of your total portfolio.
Use it for diversification or hedging against inflation and currency risk.
Don’t invest heavily in gold expecting high returns.
Gold gives protection, not wealth creation.
Don’t Invest in Direct Plan Without Guidance
If you are considering direct plan, please be cautious.
Why not direct gold fund plans?
No expert review of portfolio.
You may ignore rebalancing when needed.
Tax implications may be miscalculated.
Overlap with other asset classes may be missed.
No help when gold prices fall sharply.
Invest through regular plan with a Certified Financial Planner.
That gives:
Timely guidance.
Proper gold allocation in your full portfolio.
Exit strategy during price surge or global changes.
Tax Rules for Gold Funds – Know Before You Invest
New rules from FY25 are:
Short-term capital gains (STCG) taxed as per your income slab.
Long-term capital gains (LTCG) also taxed as per your income slab.
Earlier LTCG on gold funds was 20% with indexation.
Now, no indexation benefit.
So you need to plan exits wisely to avoid high tax impact.
A Certified Financial Planner can time your redemptions better.
Final Word on Axis vs. Quantum
Both are decent gold funds.
But based on:
Lower expense ratio
No exit load
Clean and simple structure
Quantum Gold Savings Fund looks better for a smart investor like you.
But always invest through regular plan via a qualified expert.
Don’t decide in isolation. Consider your overall portfolio.
Also, keep an eye on global gold prices and rupee fluctuations.
These will affect returns more than AMC choice.
Final Insights
You are doing good by asking before investing.
Many jump into funds due to marketing or peer advice.
Please:
Keep gold exposure limited to 5–10%.
Use only regular mutual fund route.
Review gold holding once a year.
Invest only if long-term horizon is more than 3 years.
With these steps, your investment will stay aligned with your goals.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment