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Destimoney Securities announced the launch of a PMS fund — Gold Reserve Fund — which will allow investors to participate through investment into gold ETFs with capital protection cover, said a statement from the company.
The scheme will have tenure of 60 months with complete transparency in terms of portfolio information to the investor where Transaction statement and portfolio can be viewed online
“All existing Gold Investment products, either physical (coins, bars, etc) or ETFs carry gold price risk whereas our Gold Reserve Fund scheme assures the investor highest Net Asset Value protection during the first 41 months of the scheme,” said Mr Bandyopadhyay, President, Destimoney.
The fund will deliver either of the following values — the highest account value reached in the maximum value protection period of 41 months or an amount equal to 105% of amount invested, said the statement.
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