HDFC Gold Exchange Traded Fund : NFO

by khalid on 28/06/2010 · 8 comments

HDFC Mutual Fund is one of the largest mutual funds and well-established fund house in the country. HDFC Mutual Fund has launched a New Fund Offer (NFO) named as HDFC Gold Exchange Traded Fund. This is an open ended Gold ETF. The objective of the fund is to generate returns that are in line with the performance of gold, subject to tracking errors. It is reported that 90% to 100% of the capital will be invested in Gold and the ETF units will be created out of this, the remaining 10% or less will be kept in debt and money market
This fund will have the same risk parameters attached to it, which will be interest rate risk, credit risk, Liquidity Risk, Macro and micro economic risk, etc.

For Further Details Please Visit Website : www.hdfcfund.com

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