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Tata Mutual Fund has launched gold and silver ETFs - Tata Gold Exchange Traded Fund and Tata Silver Exchange Traded Fund and their FoFs - Tata Gold ETF Fund of Fund and Tata Silver ETF Fund of Fund.
In a press release, Anand Vardarajan, Business Head - Institutional Clients, Banking, Alternate investments and Product strategy at Tata MF said, "When you don't know the risk, diversify. When you know the risk, hedge it. Precious metals like gold and silver help investors in hedging their risk and diversifying their portfolios. It offers ability to hedge against inflation and currency fluctuation and at the same time, being differently co-related, it helps in providing hiding space when equity and debt markets turn volatile. If most of the gold is above the ground and only less is to be unearthed, then this becomes a great asset class to be owned. Limited supply coupled with rising demand for gold makes a great case to have it in one's portfolio.”
The NFOs of gold and silver ETFs/FoFs open on Jan 2 and while ETFs close on Jan 9, the NFO of FoFs close on Jan 16.
