ICICI Prudential Mutual Fund has rolled out an open-ended fund-of-funds scheme that will invest in units of ICICI Prudential Gold Exchange Traded Fund, Moneycontrol.com reports. The ICICI Prudential Regular Gold Savings Fund offers growth and dividend options.

The scheme will put 95 percent to 100 percent of assets into units of the gold exchange-traded fund (ETF) and up to 5 percent of assets in debt and money market instruments, including cash and cash-equivalent and liquid/debt funds. The scheme will be managed by Chaitanya Pande.

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