UTI MF introduces Gold ETF Fund of Fund
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UTI Mutual Fund (MF) has launched UTI Gold ETF Fund of Fund, an Open-Ended Fund of Fund Scheme investing in UTI Gold Exchange Traded Fund (UTI Gold ETF). The NFO opens for subscription on October 10, 2022 and closes on October 21, 2022. The Entry load is not applicable for the scheme. The Exit load will be 1%, if redeemed or switched out on or before completion of 15 days from the date of allotment of units and nil, if redeemed or switched out after completion of 15 days from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme would be benchmarked against the price of gold and its fund manager is Niranjan Das.
The investment objective of the scheme is to seek to provide returns that correspond to returns provided by UTI Gold ETF by investing in units of UTI Gold ETF.
