GOLD ETFs IN FEB

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  #1  
Old 13th January 2007, 12:24 AM
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Default GOLD ETFs IN FEB



Hi,
I am newly registered member in traderji.com.
I would like to say hello to everybody in COMMODITIES FORUM.
I would also like to share news about GOLD ETFs which will be launched in FEB.Benchmark,UTI MF and KOTAK MF has send there papers with SEBI.

i would like to know from all of you what will be effect of these ETFs on Gold price considering GOLD CYCLE over the year.

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  #2  
Old 15th February 2007, 07:23 PM
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Default Re: GOLD ETFs IN FEB

since gold ETF is now available, can somebody suggest if this will be a good take

As per the terms of issue by Benchmark " ... Load Structure : NFO Entry
Load - Rs. 10,000 to Rs. 49,99,000 - 1.50%; Rs. 50,00,000 to Rs. 1,99,99,000 - 1.00%; Rs. 2,00,00,000 to Rs. 4,99,99,000 - 0.5% and Rs. 5,00,00,000 and above Nil. There is no Entry or Exit Load for subscription and redemption on an ongoing basis."

Now, will it be better to pick the same from the secondary market when listed as there is a load structure during NFO

[21-Feb-2007]
personalfn too has the view that picking from the secondary market is a better option
Refer http://www.personalfn.com/research-i...s/ipo/bees.asp


Last edited by wcnw : 20th February 2007 at 11:28 PM. Reason: added updates from personalfn
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  #3  
Old 4th March 2007, 12:15 PM
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Default Re: GOLD ETFs IN FEB

Quote:
Originally Posted by wcnw View Post
since gold ETF is now available, can somebody suggest if this will be a good take

As per the terms of issue by Benchmark " ... Load Structure : NFO Entry
Load - Rs. 10,000 to Rs. 49,99,000 - 1.50%; Rs. 50,00,000 to Rs. 1,99,99,000 - 1.00%; Rs. 2,00,00,000 to Rs. 4,99,99,000 - 0.5% and Rs. 5,00,00,000 and above Nil. There is no Entry or Exit Load for subscription and redemption on an ongoing basis."

Now, will it be better to pick the same from the secondary market when listed as there is a load structure during NFO

[21-Feb-2007]
personalfn too has the view that picking from the secondary market is a better option
Refer http://www.personalfn.com/research-i...s/ipo/bees.asp
Kindly advise on UTI's NFO for GOLD ETFs. Is it better to by this also in secondary market?

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  #4  
Old 4th March 2007, 02:51 PM
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Default Re: GOLD ETFs IN FEB

Entry load during NFO for the UTI Gold ETF is 2.50% and NIL later.
Picking from the secondary market will be a better option at present -unless gold prices rise more than 2.5% before listing.

Check http://www.thebulliondesk.com/goldprice.aspx to track gold


Last edited by wcnw : 4th March 2007 at 03:00 PM.
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  #5  
Old 7th March 2007, 08:30 PM
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Default Re: GOLD ETFs IN FEB

hi,
though its a good idea to pick it from sec market without load but in reality its not as easy, becos its not necessary that the ETF should be equal to exactly the gold price, past experience with NIFTY BEES,BANK BEES suggest that these ETF will be slightly "biased". so why not buy now?

regs

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  #6  
Old 7th March 2007, 11:48 PM
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Default Re: GOLD ETFs IN FEB

Quote:
Originally Posted by sahiii View Post
hi,
though its a good idea to pick it from sec market without load but in reality its not as easy, becos its not necessary that the ETF should be equal to exactly the gold price, past experience with NIFTY BEES,BANK BEES suggest that these ETF will be slightly "biased". so why not buy now?

regs
I agree that ETF will be slightly biased... however looking into the current price fluctuations, its better to be cautious

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  #7  
Old 3rd April 2007, 03:58 PM
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Default Re: GOLD ETFs IN FEB

what is the symbol of gold bees in ***** finance. i have my portfolio there and would like to add this. ofcourse on nse website it is available and interstingly on rediff finance too. i tried on ***** in vain. may be missing some point help!

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  #8  
Old 3rd April 2007, 10:16 PM
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Default Re: GOLD ETFs IN FEB

gold is a laggard now a days. its not moving though oil is moving, btw both has good correlation. lets see during akshaya tritya

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  #9  
Old 20th April 2007, 04:47 PM
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Default Re: GOLD ETFs IN FEB

I took UTI ETF (goldshare on NSE) at 945, is it a nice deal or I have made a mistake ??? Please guide...

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