Publish Date:
Edelweiss Mutual Fund introduces – Edelweiss Gold ETF
It is an open-ended exchange traded fund replicating/tracking domestic prices of Gold
Accordingly, the investment objective of the scheme is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Under normal circumstances, Aditya Birla Sun Life Transportation and Logistics Fund will hold an allocation of 95% to 100% in Gold & Gold Related Instruments and 0% to 5% in Debt and Money Market Instruments.
[Read: All You Need to Know About Gold Mutual Funds]
As per the Scheme Information Document, Edelweiss Gold ETF is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.
The Scheme may invest in Gold and Gold related instruments (including derivatives) and intends to track the domestic price of Gold. Investment in Debt securities and money market instruments will be as per the limits in the asset allocation table of the Scheme, subject to permissible limits laid under SEBI (MF) Regulations. Investment in debt securities will be guided by credit quality, liquidity, interest rates and their outlook. The Scheme may also invest in the schemes of Mutual Funds.
Edelweiss Gold ETF’s performance will be benchmarked against Domestic Price of Physical Gold
The scheme will be managed by Mr Ashish Sood.
The NFO opens for subscription on November 02, 2023 and closes on November 06, 2023. The schemes will reopen for continuous sale and repurchase on Within five business days of allotment date.
The minimum subscription amount is Rs 5,000/- and in multiples of Re.1/- thereof.
Currently, there are no plan/options available under the Scheme.