
Kotak Mutual Fund has emerged as the third fund house, after Benchmark and
UTI, to launch a Gold Exchange Traded Fund
Name of fund: Kotak Gold Exchange Traded Fund
Scheme: Open-ended, gold exchange traded fund
Objective: Generate returns that should be in line with the returns on investment in physical gold.
Asset allocation: Physical Gold: 90% - 100% / Debt and money market securities: 0%-10%
Fund opened: June 20, 2007
Fund closes: July 4, 2007
Face Value: Rs 100
Minimum investment amount: Rs 5,000
Fund Manager: Ritesh Jain