DSP MF introduces Gold ETF
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DSP Mutual Fund (MF) has launched DSP Gold ETF, an open-ended exchange traded fund replicating/tracking domestic prices of Gold. The NFO opens for subscription on April 17, 2023 and closes on April 24, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked against Domestic Price of Physical Gold (based on London Bullion Market association (LBMA) gold daily spot fixing price) and its dedicated fund manager is Ravi Gehani for making investments in commodities.
The Investment objective of the scheme seeks to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.
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