Kotak MF Gold ETF..

Kotak Mutual Fund has emerged as the third fund house, after Benchmark and UTI, to launch a Gold Exchange Traded Fund .

• Name of fund: Kotak Gold Exchange Traded Fund
• Scheme: Open-ended, gold exchange traded fund
• Objective: Generate returns that should be in line with the returns on investment in physical gold.
• Asset allocation: Physical Gold: 90% - 100% / Debt and money market securities: 0%-10% Fund opened: June 20, 2007
• Fund closes: July 4, 2007
• Face Value: Rs 100Minimum investment amount: Rs 5,000
• Fund Manager: Ritesh Jain
  

The fund is good for getting the advantage of the fluctions in gold in the short term and also to benefit the appreciation in the value of gold in long term..

rgds.,

japan shah

japan.shah@gmail.com