The capital and commodity market regulator SEBI will soon allow mutual funds to invest in gold futures by letting them amend the investment objective of existing gold schemes to have an exposure to commodity futures markets.
In December 2017, SEBI had floated a consultation paper to obtain stakeholders’ opinion on allowing mutual funds and portfolio managers to invest in the commodity derivative market. Most fund houses had responded to it.
“We have requested SEBI to allow amendments to the existing gold schemes so that we can immediately have exposure to the commodity futures market through gold futures. SEBI wants us to ensure that dissenting investors be given an option to exit without any load,” said a mutual fund executive.
