Axis Mutual Fund Launches Shagun SIP for Gold & Silver
By Business Desk
Axis Mutual Fund introduces Shagun SIP, a digital feature to invest in gold and silver by grams, making precious metal accumulation easier and secure.
Axis Mutual Fund has rolled out ‘Shagun SIP’, a new digital systematic investment feature that lets you invest in gold and silver by grams. This innovative offering aims to make accumulating precious metals easier and more accessible for long-term financial goals.
Key Numbers for Your Investment
- You can accumulate up to 25 kg of gold.
- You can accumulate up to 50 kg of silver.
- Gold investments are in 99.5% purity.
- Silver investments are in 99.9% purity.
This program is available through the Axis Gold Fund and Axis Silver Fund of Fund, offering a modern way to build your precious metal holdings. It digitally replicates traditional methods of buying gold and silver over time, making it convenient for you.
Why Choose Digital Precious Metal Investing?
- It avoids making charges often associated with physical metals.
- It removes concerns about physical storage and security of your assets.
- It guarantees high purity, addressing a common worry with traditional gold and silver purchases.
- It allows regular, smaller investments, helping you average purchase costs over time rather than attempting to time the market.
The ‘Shagun SIP’ emphasizes goal-oriented investing, helping you set clear targets for accumulating specific quantities of gold or silver. Whether it is for marriage, wealth preservation, or future education, the system calculates your required investment and creates a personalized plan.
Boniface Noronha, Chief Digital Officer at Axis Mutual Fund, highlighted this as a “first-of-its-kind digital solution.” He noted it simplifies the customer journey and offers a goal-based experience for building systematic gold and silver holdings over the long term, reaching many types of investors across different life stages.
This feature provides a flexible and convenient way for you to invest in precious metals without the traditional hassles. It is designed to support your long-term financial objectives, making consistent savings in gold and silver more straightforward and secure.