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Mutual Fund that invests in both Gold and Equity
- Filed under: Mutual Fund
- Date: Dec 18,2009
We have thought ok this is good time to invest in gold fund and with the market going down it will be good to invest in equity also and at the same time in gold also , Gold and equity are seeing a good low for 1 week now .So it will be better if there is a fund that invest in both gold and Equity and we just came across after some analysis in valueresearchonline that there is just one fund that does that and its UTI Wealth Builder Serie II Fund.
UTI Wealth Builder Serie II Fund
This particular fund invests in both gold and also equity ,When i looked at the objective it ways that the Scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market Instruments.
Dividend category of this Fund had a 52-Week High 15.28 (03/12/09) and a 52-Week Low 9.89 (05/03/09) and also have declared a dividend of 80 paise per unit .
