Ahmedabad: At a time when every other mutual fund company in the country is desperately trying to unveil its Gold Exchange Traded Fund (ETF) as fast as they can, Birla Sun Life Mutual Fund is taking stepping cautious towards unveiling its product. At present the company is examingin the other companies' experience with their Gold ETF product so that they can come out with a better and refined product.
After analysing the performance of these companies which have unviled their Gold ETF products they plan to modify our products according to the investors' requirements and then come out with a refined product in the market. The company has already applied for its Gold ETF in SEBI and is awaiting the permission. The company can unveil its Gold ETF in a month or two if it wishes to. At present they have 30 branches and we are planning to open another 25 to 30 branches. In Gujarat it has one branch each in Ahmedabad, Vadodara and Surat. The company also unveiled its Birla Long Term Advantage Fund Series I in the state. The fund will infuse in a portfolio of attractively-priced small and mid-cap stocks that are expected to post attractive growth in the next few years. The situation is ideal for investors to infuse in the small and mid-cap companies as the market status is bearish.
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