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DSP Mutual Fund launched DSP Gold ETF Fund of Fund (the scheme), an open-ended Fund of Fund scheme, investing in DSP Gold Exchange Traded Fund (ETF). According to a statement, the scheme offers investors a convenient way to invest in gold like a normal mutual fund scheme, compared to the physical version, with the freedom to trade easily.
Gold is in focus due to global liquidity drying up, increased demand from Central banks’, combined with supply of the metal remaining stagnant. Investments in gold have typically done well at a time when there is a weakness in the dollar.
The New Fund Offer for the DSP Gold ETF Fund of Fund opens for subscription on 3 November, 2023 and closes on 10 November 2023.
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