Tata Mutual Fund has announced the launch of Gold ETF i.e. Exchange Traded Fund. Subscription of this mutual fund has opened from Tuesday (January 02, 2023) and will remain open till January 09, 2023. This will be an open-ended gold ETF, which will track gold prices domestically. The objective of this ETF is to generate returns based on the performance of gold in the domestic market. There is no guarantee of returns in this ETF and it completely depends on the performance of gold.
You can start investing from Rs 100
Any investor can invest in this scheme. It can be invested with a minimum amount of Rs 100. There is no limit on how much you can invest in Re 1 multiples. According to the information given by Tata Mutual Fund, 95 to 100 percent of the money coming under this scheme will be invested in physical gold and gold related investment products.
Whereas, 0 percent to 5 percent will be invested in debt and money market products. Apart from this, there are gold ETFs of many big AMC companies present in the market, which have given an average annual return of 5.80 percent to 6.10 percent in the last 10 years.
What is entry and exit load?
There is no entry load in this scheme. This means that investors will not have to pay any extra money while investing. Also, no exit load will have to be paid to exit this scheme. Tapan Patel will manage this scheme on behalf of Tata Mutual Fund.
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