Investors can redeem ETF units for physical gold bars from the AMC
Motilal Oswal Mutual Fund is planning to launch its MOSt Shares Gold ETF on March 2.The NFO closes on March 16. The fund allows investors to redeem ETF units for physical gold bars as low as 10 gms. Investors can also buy units directly from AMC in 10 gram lots.
Minimum application: Rs. 10,000
Fund Manager: Rajnish Rastogi
Units: 1 gm, 1 unit or higher
Benchmark: Spot gold price
Exit Load: Nil
Existing Gold ETFs in the market: 10
Gold ETF AUM: Rs. 9,614 crore as on January 2012
