Reliance Gold Exchange Traded Fund (RGETF) is an open ended Gold ETF of Reliance Mutual Fund and will be listed on NSE and any other stock exchange(s) as may be decided by the Reliance Capital Asset Management after the allotment of the New Fund Offer (NFO) period in the form of an ETF tracking the domestic price of gold through investments in physical gold, money market instruments, and other securities as may be permitted by SEBI from time to time.
Each unit of RGETF being offered will have a face value of Rs.100. The number of units allotted would be the total amount invested divided by the allotment price. Allotment price of RGETF per unit will be based on the cost of investments. In other words, RGETF being offered will have a face value of Rs100 each and will be issued at a premium equivalent to the difference between the allotment price and the face value of Rs. 100.
After the NFO closes subsequent buying or selling by investors can be made from the secondary market on the NSE. RGETF can be bought/sold like any other stock on the Exchange. The minimum number of units that can be bought or sold is 1 (one) unit. Alternatively Authorised Participant and Large Investors can directly buy /sell in blocks from the fund in Creation Unit Size.
The investment objective is to seek to provide returns that closely correspond to returns provided by price of gold through investment in physical Gold and Gold related securities. However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and or other related factors.
Switch-in into RGETF from other schemes will be allowed during the NFO period at the applicable loads.
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