Fund News

Kotak Gold Exchange Traded Fund

Kotak Mutual Fund has emerged as the third fund house, after Benchmark and

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


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