UT GOLD? what is happening?

Hello All,

What is happening to this fund? Why is it going down? any idea?

My question is I applied for 1000 units @ 100 per unit = 1,00,000.

I was allotted 103 units, I do not know @ what price. Present total market price is 88,889.00


Am I supposed to get some refund? What is the relation ship between 1000 units and 103 units?

At what price 103 units were issued?


I was not involved in share market (for the past 06 months).

Can anyone explain?

Sattvic.

I may be wrong buy each unit of Gold ETF fund is equivalent to 1 gram of gold, which means each Gold ETF usit price should in the range of 900 - 1000/- . Since you got 103 units i guess during the allotment the price of each unit was around 970/- (i guess u need to pay the entry load too i.e.e 2.5%. Again i may be wrong). Gold price came down by few points recently so did Gold ETF unit. Hope this helps.

You are making sense.. Can anyone tell me at what price each unit was issued? If I know this calculating becomes easy.

Thanks,

Sattvic.

Any advise????

Sattvic