HDFC Mutual Fund has Launched New HDFC Gold Exchange Traded Fund

1 GOLD ETF

India’s private Sector Growing Mutual fund arm of HDFC has launched the new HDFC Gold Exchange Traded Fund. This New HDFC Gold Fund is an Open-ended Fund of Fund Scheme. The main objective the HDFC Gold Fund is to seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund.

The Details of this Newly HDFC Gold Exchange Traded Fund are :

Basic Scheme Information

Nature of Scheme	An Open-ended Fund of Fund Scheme investing in HDFC Gold Exchange Traded Fund
Investment Objective	The investment objective of the Scheme is to seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund. (HGETF)
New Fund Offer Opens On	October 7, 2011
New Fund Offer Closes On	October 21, 2011
Option/Plan	Currently the Scheme offers only Growth Option.
Entry Load (as a % of the Applicable NAV)	Not Applicable. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors’ assessment of various factors including the service rendered by the ARN Holder.
Exit Load (as a % of the Applicable NAV)	In respect of each purchase / switch-in of units- an Exit Load of 2% is payable if Units are redeemed / switched-out within 6 months from the date of allotment. an Exit Load of 1% is payable if Units are redeemed / switched-out after 6 months but within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
Minimum Application Amount	During NFO Period: Purchase: 5,000 and any amount thereafter. In case of investors opting to switch into the Scheme from the existing Schemes of HDFC Mutual Fund (subject to completion of Lock-in Period, if any) during the NFO Period, the minimum amount is 5,000 per application and any amount thereafter. On an ongoing basis: Purchase: 5,000 and any amount thereafter. Additional Purchase: 1,000 and any amount thereafter. Minimum Amount per SIP Installment (During NFO Period and ongoing) Monthly SIP: 500/- and in multiples of 100/- Quarterly SIP: 1,500/- and in multiples of 100/-
Lock-In-Period	Nil
Net Asset Value Periodicity	The NAV will be calculated on all Business Days and will be disclosed on the website of HDFC Mutual Fund and on the website of Association of Mutual Funds in India – AMFI (www.amfiindia.com) by 10.00 a.m. on every next Business Day.
Redemption Proceeds	Within 10 working days.
Tax Benefits (As per present Laws)	Please click for details

NAV for this HDFC Gold fund will be considered of 13-10-2011.

It is said that that 95% to 100% of the allocation will be made to Units of HDFC Gold Exchange Traded Fund. where as rest 0% to 5% will be invested in Reverse repo and /or CBLO and / or money market instruments and/or Schemes which invest predominantly in the money market securities or Liquid Schemes.

For Details and Invest Online : Click Here

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1 Comment

Mutual Funds October 14, 2011 at 5:57 am

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For more info visit : http://www.dspblackrock.com/product/world_gold_fe…