The scheme invests in gold and gold related instruments. The main endeavor of the scheme is to track price of the gold. Units of the scheme can be bought or sold through the National Stock Exchange, just like a stock.
Key Benefit
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The investment objective of the fund is to seek to provide returns that closely corresponds to returns provided by price of gold through investment in physical Gold.
Who can invest?
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It is ideal for investors who would like to invest in Gold but doesn’t like the hassles and costs of storing and safeguarding physical gold. As the unit price would closely resemble price of gold in the market – an investor can easily encash his holding by selling his units on the stock exchange.Thus the fund offers an ideal way to invest in Gold and Gold bullion.