Motilal Oswal Mutual Fund launches Gold ETF

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Motilal Oswal Mutual Fund launches Gold ETF
Motilal Oswal Mutual Fund has launched a new open ended exchange traded fund named "Motilal Oswal Most Shares Gold ETF (Most Gold Shares)".

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO will open for subscription on March 2, 2012 and close on March 16, 2012.

According to the offer document filed with SEBI, the entry load will be nil and the scheme is to be listed on the Stock Exchanges.
The minimum application amount is Rs 10,000 and in multiples of Rs.1 thereafter.

The performance of the scheme will be standardised against Spot Gold Price and Rajnish Rastogi will be the Fund Manager of the scheme.

Read more about: gold, etf, mutual funds
Story first published: Wednesday, February 22, 2012, 13:31 [IST]
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