The rally in precious metal reflected in gold exchange traded funds as well. Birla Sun Life, Goldman Sachs, ICICI Prudential, Kotak, IDBI gold ETFs etc gained 2-7 percent.
While 40-60 percent of the fund will be invested in equity, remaining amount would go to debt and cash future arbitrage. The fund will comprise two plans - direct plan and regular plan - with each offering two sub plans, compulsory lock-in and no lock-in
The walk down Dalal Street has become more interesting and profitable over the last one year and mutual fund equity schemes, it seems, have become the preferred mode of investment.
In an interview to CNBC-TV18, personal finance expert, Feroze Azeez of Anand Rathi Private Wealth Management discussed various features of multi-asset funds.