Kotak Mahindra Asset Management Company has launched a New Fund Offer(NFO) named as Kotak Gold Savings Fund. This is second Gold savings Fund of Fund in the market which is similar to Reliance Gold Savings Fund launched last month. Investing in Gold has now become very easy and anyone can invest in gold , in paper form, without any Demat account or a locker. This is unlike the existing gold investments in Exchange Traded Fund (ETF) mode where a Demat account is mandatory. This is an open ended fund. The Fund seeks to provide returns that closely correspond to returns provided by Kotak Gold Exchange Traded Fund launched in 2007 which in turn invests in physical gold. This product will offer a simple, affordable and investor friendly solution for investing in Gold to the masses. Kotak Mahindra Mutual Fund is sponsored by Kotak Mahindra Bank Limited, which is part of the Kotak Mahindra Group.
Read complete NFO note on Kotak Gold Mutual Fund
Read complete NFO note on Kotak Gold Mutual Fund
