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

7 Nov 2023 , 10:43 AM

DSP Mutual Fund is launching NFO under its “FOF category”, named as DSP Gold ETF Fund of Fund. The investment objective of the scheme is to generate returns by investing in units of DSP Gold ETF.

Investment strategy: The Scheme will invest in units of DSP Gold ETF. The investments could be made either directly with the Underlying Scheme or through the secondary market. The investment strategy would largely be passive in nature.

Asset allocation: The scheme will made Investments in units of DSP Gold ETF which in turn invest in Physical Gold.

Who should invest?

Investors with high risk appetite and want to invest for 5 years to diversify their portfolio in gold should invest in DSP Gold ETF Fund of Fund. 

Risk associated: High level of risk.

Benchmark: Domestic prices of Gold.

Fund Managers: Mr. Anil Ghelani and Mr. Diipesh Shah.

The NFO is available for subscription from November 3 to November 10. The scheme 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 100/- 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 FOF.