New Delhi, Aug. 31 -- Axis Mutual Fund announced the launch of 'Shagun SIP', an industry-first digital systematic investment feature that enables investors to invest in Axis Gold Fund and Axis Silver Fund of Funds (FoF) in terms of grams.

In a regular SIP, investors commit a fixed rupee amount at a chosen frequency. Under Shagun SIP, investors select the quantity of gold or silver they want to accumulate, while the rupee amount changes based on the applicable metal price.

Investors can accumulate up to 25 kg of gold and 50 kg of silver. The underlying schemes of gold FoF and silver FoF invest in high-purity gold and silver-99.5% and 99.9%, respectively.

The process works in five steps:

Shagun SIP allows investors to make regular inves...