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| The
Scheme |
Kotak Gold ETF (KGEFT) |
| Structure |
An
Open ended Exchange Traded Fund. |
| Investment
Objective |
The investment objective of the scheme is to generate returns that are in line with the returns on investment in physical gold, subject to tracking error. |
| About the scheme |
Kotak Gold ETF is an open-ended gold Exchange Traded Fund, which invests in physical gold and endeavors to track the domestic spot price of gold as closely as possible. Thus it provides an option to invest in gold without taking physical delivery of gold. Each unit of KGEFT is approximately equal to 1 gram of gold.
KGEFT is backed by physical gold held by the Custodian (Scotia Macotta). All physical gold metal held with Scotia Macotta conforms to the London Bullion Market Association’s (LBMA) rules for Good Delivery. |
| Investment
In |
The Fund would invest in gold, and endeavor to track the spot price of gold. The Fund would invest all the residual funds after investing in gold, in debt and money market instruments. |
| Fund
Manager |
Mr. Abhishek Bisen. |
| Exchange Listed |
Bombay Stock Exchange & National Stock Exchange. |
| Pricing per unit |
Approximately 1 gram of Gold. |
| Minimum Investment |
1 unit. |
| Creation size |
1000 units. |
| Benchmark |
Domestic price of gold. |
| Allotment Date |
July 27, 2007 |
| Entry Load |
Nil |
| Exit Load |
Nil |
| Exchange Symbol |
KOTAKGOLD |
| ISIN |
INF373I01015 |
| Bloomberg Code |
KOGOLD |
| Reuters Code |
KTGF.NS |
| ICICI Direct |
KOTGOL |
| HDFC Securities |
KOTGOL |
| Kotak Securities |
KOTAKGOLD |
| Motilal Oswal |
KOTAKGOLD |
| Share Khan |
KOTAKGOLD |
| India Bulls |
KOTAKGOLD |
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