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07 Aug 07 KOTAK Gold Exchange Traded Fund (KOTAKGOLD ETF) Listing Date

KOTAK Gold Exchange Traded Fund, which is the third Mutual Fund Scheme in India to offer a gold Exchange traded fund, will list on the National Stock Exchange (NSE) tomorrow 08, August 2007. The KOTAK Gold Exchange Traded Fund NFO opened on 20th June, 2007 and closed on 4th July, 2007. The listing date was informed by Kotak Mutual Fund through an NSE Press Release today. KOTAK Gold Exchange Traded Fund will invest 90-100% of its corpus in Gold and will invest 0-10% in money market instruments. The objective of the gold ETF is to match the returns offered by physical Gold and save people the hassles involved in buying and storing physical Gold. Since India is one of the largest consumers of Gold, the Kotak MF Gold ETF received pretty good investor interest during the NFO period.


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