Reliance Mutual Fund, Anil Ambani group promoted, has launched Gold ETF (exchange traded fund) on 15 October 2007. The scheme is designed to provide returns that closely correspond to returns provided by domestic prices of gold. The NFO opened for subscription on October 15 October 2007 and closes on 1 November 2007. Gold ETF is a security listed on the stock exchange, through which investors can participate in the gold bullion market without any compulsion to take the physical delivery of gold.
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