DSP MF launches FoF of its gold ETF

DSP Mutual Fund has launched a fund of funds investing in DSP Gold ETF.  The scheme will enable investors to invest in gold ETFs without having a demat account.

The NFO opens for subscription on November 3 and closes on November 10.

In a press release, Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund said, “Gold is a great addition to a typical equity – debt heavy portfolio due to the low correlation to these asset classes. The scheme structure presents a convenient way to diversify your portfolio and accumulate gold in a systematic manner, automatically adding depth and multi-dimensionality to your investments.”