Motilal Oswal Mutual Fund is seeking to roll out an open-ended exchange-traded fund (ETF), India Infoline reports. The Motilal Oswal MOSt Shares Gold ETF aims to provide returns by investing in gold bullion. The new scheme, which offers growth options only, will be benchmarked against the Spot Gold Price. The gold ETF, which is expected to be listed on the National Stock Exchange of India or the Bombay Stock Exchange, will be managed by Abhiroop Mukherjee.
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