Motilal
Oswal MF has filed an offer document to launch MOSt Shares Gold
ETF
Mumbai: Motilal Oswal Mutual
Fund has filed an offer document with SEBI to launch Motilal Oswal MOSt Shares Gold ETF, an
open ended Exchange Traded Fund.
The investment objective is to
provide return by investing in gold bullion. The
performance of the fund will be benchmarked to the spot gold price. The scheme
would allocate 95-100 per cent of asset in gold bullion. It would further
invest up to 5 per cent of asset in government securities, money market instrument
and cash at call.
