IDBI Mutual Fund announces changes in IDBI GETF

IDBI Mutual Fund has announced that Gold Deposit Scheme of banks is included in the investible universe of IDBI Gold Exchange Traded Fund

February 06, 2014 / 14:09 IST

IDBI Mutual Fund has announced that Gold Deposit Scheme (GDS) of banks is included in the investible universe of IDBI Gold Exchange Traded Fund (IDBI GETF). Further, investment in GDS of banks by IDBI GETF is subject to following:

a. The total investment in GDS will not exceed 20% of total assets under management of IDBI GETF.

b. Gold certificate issued by banks in respect of investments made by IDBI GETF in GDS shall be held by the mutual fund in the dematerialized or physical form.

first published: Feb 6, 2014 02:09 pm

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