Business Daily from THE HINDU group of publications
Monday, Oct 22, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Oct 22, 2007 ePaper | Mobile/PDA Version |
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Investment World
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New Fund Offer Markets - Mutual Funds Reliance Mutual Fund has launched Reliance Gold Exchange Traded Fund. This open-ended fund will track domestic prices of gold through investments in physical gold and gold related securities as permitted by regulators from time to time. The performance of the scheme may differ from that of domestic price of gold due to expense and other related factors. Gold ETF is a security listed on the stock exchange available for trading with an intention to offers investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold. Close to 90-100 per cent of investments will be allocated to physical gold and gold related instruments. Debt and money market component in the portfolio will be up to 10 per cent. The fund will be initially available for subscription from October 15, 2007 to November 1, 2007.The face value of the fund is Rs 100 and the fund offer dividend option. Minimum one time investment is Rs 5,000. More Stories on : New Fund Offer | Mutual Funds | Gold & Silver
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