Published on Mon, Mar 26, 2007 at 10:40 | Source : Moneycontrol.com
Updated at Wed, Mar 28, 2007 at 09:07
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UTI Gold ETF collects Rs 2 billion
UTI Mutual Fund has collected about Rs 2 bn in its gold exchange-traded fund and plans to list it on the National Stock Exchange in the first week of April.
UTI Asset Management has collected about Rs 2 billion in its gold exchange-traded fund and plans to list it on the National Stock Exchange in the first week of April, a source in the know said on Friday. The fund, which was open for subscription from March 1-16, attracted some 26,000 applications, the source added, reports The Economic Times.
Such funds have caught the attention of asset managers in India's rapidly growing 3.5-trillion-rupee mutual fund industry with at least seven of them planning to enter the fray.
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