Latest News
-
1:10 Split, Rs 299/Sh Dividend: Tata's Steel Stock Up 11% In 30-Days, Better Than Nifty; PL Says Accumulate -
625% Dividend, 1:10 Split, 3 Bonus; FMCG ITC Makes Big Acquisition Announcement; Stock Target Prices In April -
2:1 Bonus Issue: IT Penny Stock Turned; 1,600 Shares Market Lot Size Revised To 4,800 Shares -
FREE, FREE, FREE! 3:1 Bonus: Pharma Stock Hits Back-To-Back Upper Circuits; 500 Shares To Earn Rs 1,69,500 -
1:10 Stock Split: Below Rs 10, Fertilizer Sector Turned Ex-Split; 8,282% Returns In 5 Years -
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24
IDBI mutual fund launches IDBI Gold Fund
Investment Objective:
The investment objective of the scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund (IDBI Gold ETF). Th scheme offers only growth option.
The fund seeks to collect a minimum subscription amount of Rs 10 crore under the scheme during the NFO period.
Allocation of Funds:
The scheme will allocate 95% to 100% of assets in Units of Gold Exchange Traded Fund with medium to high risk profile. On the other side, it would allocate upto 5% of assets in reverse repo / short term fixed deposits / money market instruments and in IDBI Liquid Scheme of IDBI Mutual Fund with low risk profile.
The scheme offers Systematic Investment Plan (SIP) with monthly and quarterly option.
Minimum application amount for Monthly SIP option is Rs 500 for a minimum period of 12 months or Rs 1000 for a minimum period of six months.
Minimum application amount for Quarterly Option is Rs 1500 per quarter for a minimum period of four quarters.
Entry load is not applicable for the scheme. Exit load charge will be 1% for exit within 12 months from the date of allotment.
Benchmark Index for the scheme is domestic price of gold and will be managed by V. Balasubramanian.
Basic Details:
NFO Opens: July 25, 2012
NFO Closes: August 8, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
GoodReturns.in
