Positive impactSector
Start a gram-based SIP in gold and silver FoFs: Axis MF launches industry-first Shagun SIP for investors
Mint 2 hrs ago·31 Aug 2026, 1:43 pm
Axis Mutual Fund has introduced a unique gram-based Systematic Investment Plan (SIP) for its gold and silver Fund of Funds (FoFs). Unlike traditional SIPs that require a fixed rupee investment, this new 'Shagun SIP' allows investors to commit to buying a specific weight of gold or silver, such as 1 gram or 10 grams, on a monthly basis. This approach removes the need to calculate rupee amounts and provides a clear, tangible investment goal.
This innovation matters to investors as it simplifies the process of accumulating precious metals, which are often viewed as a hedge against inflation and market volatility. By investing in grams, investors can track their physical accumulation more easily and avoid the impact of fluctuating currency exchange rates on their investment value. It offers a disciplined way to build a portfolio of gold and silver without the complexities of direct physical ownership.
Going forward, investors should monitor the performance of these FoFs and the underlying spot prices of gold and silver. They should also consider how this flexible investment method fits into their broader financial strategy. As this is a new feature, it will be important to see if other fund houses introduce similar gram-based options, which could further drive adoption in the retail segment.
Excerpt from Mint
Axis Mutual Fund has launched Shagun SIP, an industry-first gram-based SIP for gold and silver fund of funds (FoFs). The feature lets investors choose a gold or silver quantity instead of a fixed rupee amount. Here’s how it works, its key benefits, and what investors need to know. Axis Mutual Fund announced the launch…Read the original at Mint
Key takeaways
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
