Canara Robeco Mutual Fund has launched the NFO of Canara Robeco Gold Savings Fund, an open ended domestic scheme.
The NFO opens for subscription on June 4, 2012 and closes on June 18, 2012. No entry load is applicable for the scheme. Exit load will be 2% if redeemed or switched out on or before completion of 1 year from the date of allotment of units and nil, if redeemed or switched out after the completion of 1 year from the date of allotment units.
The minimum subscription amount is Rs.5000 and multiples of Rs.1 thereafter.
The scheme’s performance will be benchmarked against the Domestic price of physical gold and its fund managers are Akhil Mittal and Kiran Shetty.
The investment objective of this scheme is to provide returns that closely correspond to returns provided by Canara Robeco Gold Exchange Traded Fund.
Source: Accord Fintech
