IDBI Mutual Fund To Launch Gold ETF

IDBI Mutual Fund is launching the IDBI Gold Exchange Traded Fund.

IDBI Mutual Fund is launching the IDBI Gold Exchange Traded Fund, India Infoline reports. The open ended gold exchange-traded scheme will be managed by Gautam Kaul.

Entry and exit load charge will be zero. The vehicle will allocate 95-100% of assets in gold and related instruments and nearly 5% in debt and money market instruments.

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