Birla Sun Life Asset Management has launched a New Fund Offer (NFO) known as Birla Sun Life Gold Fund which is an open ended fund of fund scheme. The scheme would seek to provide returns that tracks the returns provided by Birla Sun Life Gold ETF.
Now the investment in Gold has become very easier, as the scheme offers investors the opportunity to invest in Gold without actually bearing the risk of storage and safekeeping. The prices of Birla Sun Life Gold ETF will be the benchmark for the scheme. Birla Sun Life Asset Management is a joint venture between Aditya Birla Group and Sun Life Financial Services of Canada.
NFO Opens : 1st March 2012
NFO Closes : 15th March 2012
Birla Sun Life AMC had average assets under management of Rs 60,406 crore as on 31st December 2012. Birla Sun Life Gold Fund (BSL Gold Fund) aims to simplify the process of investing in Gold. It helps avoid the several hassles involved in making investments in physical gold.
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