Mirae Asset MF launches FoF for their Gold ETF

Mirae Asset Mutual Fund has launched ‘Mirae Asset Gold ETF Fund of Fund’, an open-ended fund of fund scheme investing in units of Mirae Asset Gold ETF.

The FoF aims to enable investors to invest in domestic gold without having a demat account.

In a press release, Siddharth Srivastava, Head – ETF Product and Fund Manager, Mirae Asset, said, “Mirae Asset Gold ETF Fund of Fund offers investors a simple yet effective way to diversify their portfolios and gain exposure to gold. With gold’s historic role in preserving value during inflationary periods and economic downturns and acting as wealth creator over the long run, this fund aims to provide an opportunity for investors to strengthen their portfolios and navigate challenging times.”