UTI MF launches gold fund
UTI MF launches gold fund
Last Updated : Feb 19 2007 | 12:00 AM IST
<b>UTI MF launches gold exchange traded fund</b><br><br>
UTI MuTual Fund today announced the launch of the UTI Gold Exchange Traded Fund from March 1, 2007. The new fund offer closes on March 12, 2007.<br><br>
UTI Gold Exchange Traded Fund is an open-ended fund designed to track the performance and yield of gold.<br><br>
UK Sinha, Chairman & Managing Director, UTI AMC, said: "UTI Gold Exchange Traded Fund offers investors a new secure way to access the gold market without taking physical delivery of gold. It is like having gold in your demat account."<br><br>