DSP Asset Mutual Fund launched the DSP Gold ETF Fund of Fund, an open-ended fund of fund scheme that invests in the DSP Gold ETF. The programme went on sale to the general public on November 3, 2023, and will end on November 10, 2023. Within five business days following allotment, the plan reopens for continuous sale and buyback.
What Kind Of Mutual Fund Scheme Is This?
This open-ended Fund of Funds scheme is appropriate for investors looking for growth.
- Long-term capital appreciation
- Investments in DSP Gold ETF units, which invest in actual gold
What Is The Primary Goal Of Investing In This Fund?
The scheme’s principal investment goal is to earn profits by investing in DSP Gold ETF units. There is no guarantee that the scheme’s investment goal will be met.
Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund said “Gold is a great addition to a typical equity – debt-heavy portfolio due to the low correlation to these asset classes. The scheme structure presents a convenient way to diversify your portfolio and systematically accumulate gold, automatically adding depth and multi-dimensionality to your investments,”.
How May One Invest In This Scheme?
Investors can participate in the initiative with as little as Rs 100 per plan/option and in multiples of Rs 1. There is no maximum investment amount.