Kotak Gold ETF opens today : The open-ended Kotak gold ETF, like the previous offer documents of benchmark MF and UTI MF for similar schemes now awaits Sebi nod. The Kotak gold ETF proposes to invest in gold, engage in gold lending, deposit gold with banks in return for fees to the extent permitted by regulators.
The minimum investment amount for opening account during the new fund offer period has been kept as Rs 5,000. The proposed scheme will have units of Rs 10 each with applicable load of 4% and exit load of 1%.
Open Date : June 20th 2007
Close Date : July 4th 2007

Posted by rupya at June 21, 2007 12:16 AM