Thursday, 21 October 2010

Axis Mutual Fund launched Gold Exchange Traded Fund

One of the methods of investing in Gold and get profit out of it without taking the risk of keeping real gold is Gold Exchange Traded Fund. This Gold ETF allowed us to trade with pure gold at the current market price. In the finance market we can see so many Gold Exchange Traded Funds and one can invest in them and can avail all the privileges of trading with real gold.

Axis Mutual Fund launched a Gold Exchange Traded Fund yesterday 20th October, 2010 in the name of Axis Gold ETF. This is an open ended Gold ETF (one can redeem or purchase the fund whenever he/she wishes to do so) Domestic price of gold will be the benchmark for the scheme. It seems as an effective investment instrument to diversify the portfolio.

Opening Date of NFO

One can purchase the Axis Mutual Fund launched a Gold Exchange Traded Fund with a price of Rs. 10 per unit from 20th October, 2010 to 03rd November, 2010.

For a retail investor the minimum application amount at the time New Fund Offer is Rs. 5000 and multiples of Re. 1 thereafter. After the NFO period units of the scheme will be listed on the National Stock Exchange and can be traded like equity shares.

The schemes performance will be benchmarked against Domestic Price of Gold.

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1 comment :

  1. [...] a good chance to invest in gold exchange traded funds. Recently one new Fund offer was there named Axis Mutual fund Exchange Traded Fund. You can invest in any gold exchange traded fund to gain from invest in [...]