Following are the gold funds with their investment details that are awaiting approval.
| Gold Funds |
| |
|
|
|
Gold Allocation (%) |
|
|
| Fund |
|
|
|
Gold / Gold ETFs |
|
Gold Mining Cos through other Gold Funds |
|
Allocation Strategy |
| Sundaram BNP Paribas Gold Plus |
|
Scheme A |
|
0 - 35 |
|
0 - 35 |
|
The scheme will invest 65 per cent or more of its assets in equity and equity related instruments in India. Not more than 15 per cent of assets will be in fixed income securities. |
| |
Scheme B |
|
0 - 50 |
|
0 - 50 |
|
The scheme will invest 50 per cent or more of its assets in equity and equity related instruments in India. Not more than 15 per cent of assets will be in fixed income securities. |
| |
Scheme C |
|
90 - 100 |
|
90 - 100 |
|
The scheme can invest upto 10 per cent of its assets in fixed income securities. |
| UTI Master Gold Fund |
|
|
|
65 - 100 |
|
- |
|
The fund will invest in one or more than one gold ETFs, and can be into money market instruments upto 35 per cent. |
| Reliance Gold Savings Fund |
|
|
|
90 - 100 |
|
- |
|
The fund will invest in one or more than one gold ETFs, and can be into debt or money market instruments upto 10 per cent. |
| IDFC World Gold Fund |
|
|
|
30 - 100 |
|
0 - 60 |
|
Investments in global MFs that invest in gold related securities can go upto 60 per cent. |
| Kotak Gold Fund |
|
|
|
90 - 100 |
|
- |
|
The fund will invest in one or more than one gold ETFs, and can be into debt, money market and gilt instruments upto 10 per cent. |
 |
|
|
Also See:
Gold is Back in Favour!