Quantum MF has launched Quantum Gold Fund and it is an open-ended exchange traded fund tracking domestic market prices of gold through investments in physical gold. Each unit of Quantum Gold Fund (QFG) will be approximately equal to price of half gram of gold. The investment objective of the scheme is to generate returns that are in line with the performance of gold and gold related instruments, subject to tracking errors. QGF is designed to provide returns that, before expenses, closely correspond to the returns provided by gold. The scheme will invest 90%-100% in physical gold. The scheme will invest 0-10% in money market instruments, short-term corporate debt securities, CBLO, and units of debt and liquid schemes of mutual funds. As the scheme invests 90% to 100% of the net assets into gold, the scheme will, by and large, be passively managed fund.
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