The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023. The scheme re-opens for continuous sale and repurchase not later than November 10, 2023.

What kind of mutual fund scheme is this?

This is an open-ended exchange-traded fund replicating/tracking the domestic prices of gold.

What is the main objective of investing in this fund?

The investment objective of the scheme is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. However, there is no assurance that the investment objective of the scheme will be realised and the scheme does not assure or guarantee any returns.

How may one invest in this scheme?

Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Under normal circumstances, the asset allocation of the scheme will be as follows:

Are there similar mutual funds in the market?

To date, many asset management companies (AMCs) have launched such gold exchange-traded funds. These include:

How will the scheme benchmark its performance?

The performance of the scheme will be benchmarked against the domestic price of physical gold.

The AMC/Trustee reserves the right to change the benchmark for evaluation of the performance of the scheme from time to time, subject to SEBI regulations and other prevailing guidelines if any.

Are there any entry or exit loads to this scheme?

This scheme involves no “Entry Load”, which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load” would also be “Nil”. 

The AMC reserves the right to revise the load structure from time to time. Such changes will become effective prospectively from the date such changes are incorporated.

Who will manage this scheme?

Ashish Sood would be looking after investments in this scheme.

Does the fund contain any inherent risk?

The scheme involves “High Risk” as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to high risk. However, investors should consult their financial advisors if they doubt whether the product is suitable for them.

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Updated: 03 Nov 2023, 05:46 PM IST