Mumbai: The new fund offer will be open from April
28, 2011 to May 12, 2011.
The investment objective of
the scheme will be to provide capital appreciation by
predominantly investing in units of Quantum Gold Fund - Exchange Traded Fund
(QGF). The scheme will
allocate 95 to 100 per cent of assets in Quantum Gold Fund with medium to high risk profile. It would further allocate
up to 5 per cent of assets in money market instruments,
short-term corporate debt securities, CBLO and units of debt and liquid schemes
of mutual funds with low
risk profile.
The minimum application amount will be Rs. 500 and in multiples of Rs. 1 thereafter per application. The scheme will charge 1.50 per cent as exit load if investments are redeemed within 1 year from the date of allotment. The scheme will be managed by Chirag Mehta, Fund Manager - Commodities. It will be benchmarked against domestic price of physical gold.
