NFO Period from 25 April to 09 May 2011
Birla Sun Life Mutual Fund has launched a new fund named Birla Sun Life
Gold ETF, an open ended gold exchange traded fund. Each unit of Birla
Sun Life Gold ETF shall be issued at a premium equivalent to the
difference between the allotment price and the face value of Rs 10 each.
The new issue will open for subscription from 25 April and close on 09
May 2011.
Investment Objective: To generate returns that is in line with the performance of gold, subject to tracking error.
Minimum Application Amount: Minimum of Rs 6000 and in multiples of Rs 2000 thereafter per application.
Benchmark: Domestic price of physical gold
Load: Nil
Asset Allocation: The scheme will invest 95%-100% in physical gold and
may also invest upto 5% in debt and money market instruments (including
cash and cash equivalent).
Fund Manager: Mr. Satyabrata Mohanty