DSP Gold ETF NFO: All you need to know

17 Apr 2023 , 11:55 AM

DSP Mutual Fund is launching NFO under its “ETF category”, named as DSP Gold ETF. This open-ended fund seeks to generate long-term capital appreciation by investing in gold.

Investment strategy: The Scheme will track its Underlying Index and will use a “passive” approach to endeavor to achieve scheme’s investment objective.

Asset allocation: The Scheme would invest in gold and gold related instruments, Exchange Traded Commodity Derivatives (ETCDs) with gold as underlying, cash and cash equivalent.

Who should invest?

Investors with high risk appetite and want to invest for 5 to 7 years in gold should invest in DSP Gold ETF. 

Risk associated: High level of risk.

Benchmark: Domestic Price of Physical Gold (based on London Bullion Market Association (LBMA) gold daily spot fixing price).

Fund Managers: Ms. Ravi Gehani.

The NFO is available for subscription from April 17 to April 24. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in DSP Gold ETF.