Zerodha MF introduces Gold ETF FoF
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Zerodha Mutual Fund has launched Zerodha Gold ETF FoF, an open-ended fund of fund scheme investing in units of Gold ETF. The NFO opens for subscription on October 25, 2024 and closes on November 08, 2024. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked to the performance of the Domestic price of physical gold and its fund managers are Shyam Agarwal and Kedarnath Mirajkar.
The investment objective of the scheme is to seek capital appreciation by investing in units of Gold ETF.
