The gold exchange traded funds gained as much as three percent in early trading on the BSE, with HDFC Mutual Fund - HDFC Gold Exchange Traded Fund jumping to Rs 2,900 per gram.
The mutual fund sector has mixed feelings about Budget 2013. While some of them are happy with the liberalisation to the Rajiv Gandhi Equity Savings Scheme (RGESS), others are shocked with the move of hiking Dividend Distribution Tax (DDT) for debt funds. CNBC-TV18‘s Mitra Joshi and Farah Bookwala report.