DSP Mutual Fund Launches DSP Gold ETF Fund of Fund: Invest in Gold Without a Demat Account

Nov 03, 2023

DSP Mutual Fund introduces – DSP Gold ETF Fund of Fund

It is an open-ended equity scheme following momentum theme.

Accordingly, the investment objective of the scheme is to seek to generate returns by investing in units of DSP Gold ETF. There is no assurance that the investment objective of the Scheme will be achieved.

Under normal circumstances, DSP Gold ETF Fund of Fund will hold an allocation of 95% to 100% in Units of DSP Gold ETF and 0% to 5% in Cash and Cash Equivalents.

[Read: All You Need to Know About Gold Mutual Funds]

As per the Scheme Information Document, DSP Gold ETF Fund of Fund will invest in units of DSP Gold ETF. The investments could be made either directly with the Underlying Scheme or through the secondary market.

The investment strategy would largely be passive in nature. The fund manager endeavours that the returns of DSP Gold ETF Fund of Fund will replicate the returns generated by DSP Gold ETF and is not expected to deviate more than 2%, on an annualized basis net of recurring expenses of the Scheme.

DSP Gold ETF Fund of Fund’s performance will be benchmarked against Domestic Price of Physical Gold (based on London Bullion Market Association (LBMA) gold daily spot fixing price)

The scheme will be managed by Mr Anil Ghelani and Mr Dipesh Shah

The NFO opens for subscription on November 03, 2023 and closes on November 10, 2023. The schemes will reopen for continuous sale and repurchase on Within five business days of allotment date.

The minimum subscription amount is Rs 100/- and in multiples of Re.1/- thereof.

The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).