Tata Gold ETF Fund of Fund NFO: Essential details you need to know

2 Jan 2024 , 10:31 AM

Tata Mutual Fund is launching NFO under its “ETF FOF category”, named as Tata Gold ETF Fund of Fund. The investment objective of the scheme to provide returns that are in line with returns provided by Tata Gold Exchange Traded Fund.

Investment strategy: The Scheme may buy/sell the units of Tata Gold Exchange Traded Fund either directly with the Fund or through the secondary market on the Stock Exchange(s).

Asset allocation: The scheme would also invest in debt & other money market securities to the extent necessary to meet the liquidity requirements for the purpose of repurchases or redemptions.

Who should invest?

Investors with high risk appetite and want to invest for 5-7 years to diversify their portfolio in Gold ETFs should invest in Tata Gold ETF Fund of Fund. 

Risk associated: High level of risk.

Benchmark: Domestic Price of Gold.

Fund Managers: Mr. Tapan Patel

The NFO is available for subscription from January 2 to January 16. 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 Tata Gold ETF Fund of Fund.