Axis Mutual Fund has launched a new feature called Shagun SIP. The facility lets investors set a goal for gold or silver in grams instead of only choosing a fixed rupee amount each month.
The feature was launched on August 31, 2026. It is available for investments in Axis Gold Fund and Axis Silver Fund of Fund.
The main idea behind Shagun SIP is simple. An investor can decide how much gold or silver they want to build over time. The SIP amount can then change as the market price of the metal changes.
This approach can make sense for people whose real financial goal is linked to a certain amount of gold or silver. For example, a person may want to build a gold reserve for a wedding, festival, family event or another future need.
How Shagun SIP Works
A normal SIP usually starts with a fixed rupee amount. An investor may decide to put ₹5,000 into a gold fund every month. The number of units bought can change because the value of gold changes.
Shagun SIP takes a different approach. Here, the investor starts with a gram target.
For gold, the target can start from 0.1 gram, while the silver option can start from 10 grams. Investors can also choose a custom amount above these levels.
The investor can set the amount of gold or silver they want to accumulate and choose a monthly SIP date. The system then checks the relevant metal price and works out the rupee amount needed for the selected gram target.
This means the rupee amount can rise when gold or silver becomes more expensive. It can also fall when the market price comes down.
The focus, therefore, moves from “How much money will I invest?” to “How much gold or silver do I want to build?”
Gold and Silver Options Under the Facility
Shagun SIP does not mean that investors receive physical gold or silver bars, coins or jewellery.
The facility routes the investment into mutual fund schemes. For gold, the investment goes into Axis Gold Fund. For silver, it goes into Axis Silver Fund of Fund.
Axis Gold Fund invests mainly in units of Axis Gold ETF. In the same way, Axis Silver Fund of Fund invests mainly in Axis Silver ETF.
As a result, the investor holds mutual fund units rather than physical metal in a locker or at home.
This is an important point because the word “grams” may make the product sound like a direct purchase of physical gold or silver. It is not a physical metal purchase. It is a market-linked mutual fund investment with a gram-based goal.
What Is the Main Difference From a Normal SIP?
The biggest difference is the way the investment goal is set.
Suppose an investor puts ₹5,000 into a regular gold SIP every month. If the price of gold rises, the same ₹5,000 buys a smaller quantity. If the price falls, the same amount buys a larger quantity.
With Shagun SIP, the investor chooses the desired quantity first. The rupee amount can then adjust according to the relevant metal price.
Axis Mutual Fund says the system can refer to the live spot price six business days before the SIP date, also called T-6, to calculate the required rupee debit. The calculated amount is then debited and units are allotted at the applicable NAV, as per mutual fund rules.
This structure can give investors a clearer way to plan for a goal that is measured in grams.
How Much Gold or Silver Can an Investor Target?
Shagun SIP allows large accumulation goals as well.
According to Axis Mutual Fund, investors can set targets of up to 25 kg of gold and 50 kg of silver.
These limits give the facility scope for both small personal goals and much larger accumulation plans.
For example, someone may choose a small gold target for a future family event. Another investor may choose a much larger target over a longer period. The actual amount required will depend on the market price of gold or silver at the relevant time.
Why the Gram-Based Approach May Help
Gold and silver goals are often easier to understand in terms of weight.
A person may think, “I need 20 grams of gold for a future occasion,” rather than, “I need ₹2 lakh for gold.” The rupee value of 20 grams can change sharply as the metal price moves.
Shagun SIP tries to address this gap.
It gives investors a way to set the goal in grams while allowing the rupee amount to adjust with market prices. This can make the target feel more direct.
The feature may also help investors avoid the need to guess the best time to buy gold or silver. Instead, they can use a regular SIP structure and continue toward their chosen goal.
However, this does not remove market risk.
The Value Can Still Change
Shagun SIP is not a guaranteed-return product.
Gold and silver prices can move up or down. The value of the mutual fund units can also change based on the performance of the underlying investments.
Axis Mutual Fund states that the units allotted may not correspond to the exact grams because of price changes and other charges.
This point is important. The gram-based target is a way to structure the investment, but investors should not treat it as a promise of physical gold or silver delivery.
The fund can also have expenses and tracking differences. The return from a gold or silver fund may not match the metal’s market price exactly.
No Physical Gold Storage
One benefit of this structure is that investors do not have to store physical gold or silver.
With physical metal, a person may have to deal with a locker, safe, security concerns and other practical issues. Jewellery can also have making charges and other costs.
With a mutual fund structure, the investor owns fund units. The metal exposure comes through the underlying ETF structure.
This makes the process more convenient for people who want exposure to precious metals without direct physical ownership.
Existing Restrictions to Note
Axis Mutual Fund has also placed temporary restrictions on certain transactions in Axis Gold ETF and Axis Gold Fund.
From June 8, 2026, subscription transactions in Axis Gold ETF above ₹25 crore directly with Axis Mutual Fund are not accepted for large investors. Market makers and authorised participants can continue their transactions.
For Axis Gold Fund, lumpsum subscriptions or switch-ins above ₹10 lakh per PAN per month are subject to the stated temporary restriction.
These limits are mainly relevant to large transactions and do not change the basic idea of Shagun SIP for regular investors. Axis Mutual Fund says the restrictions will remain until further notice.
Is Shagun SIP Suitable for Everyone?
Shagun SIP may appeal to investors who want a clear gold or silver quantity as a long-term goal.
It can be useful for people who prefer a structured approach and do not want to track physical gold purchases each month.
At the same time, investors should remember that gold and silver are market-linked assets. Their prices can fall as well as rise. They also do not provide the same type of income as interest-paying assets.
The choice should therefore depend on the investor’s goal, risk level, time period and overall portfolio.
A New Way to Think About Precious Metals
Shagun SIP brings a simple change to the usual SIP idea. Instead of starting with a rupee amount, investors can start with a gold or silver quantity.
The facility is available through Axis Gold Fund and Axis Silver Fund of Fund, with targets from 0.1 gram of gold and 10 grams of silver, up to 25 kg of gold and 50 kg of silver.
The rupee debit can change with metal prices, while the investment continues through mutual fund units.
For people whose future goals are easier to measure in grams, this can offer a more direct way to plan. But it remains a market-linked investment, not a promise of fixed returns or physical metal.
Investors should read all scheme-related documents carefully and understand the risks, costs and applicable rules before they invest.
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