MUTUAL FUNDS
Choice Mutual Fund files offer document for Gold ETF Fund of Fund
Mar-05-2026
Choice Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Choice Gold ETF Fund of Fund'. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil. If  redeemed/switched  out  within  12  months  (upto  365  days)  from  the  date  of allotment Exit load will be 1%; If  redeemed/switched  out  after  12  months  (beyond 365  days)  from  the  date  of allotment and before 24 months (upto 730 days) from the date of allotment Exit load will be  0.5%; and if redeemed/switched  out  after  24  months  (beyond  730  days)  from  the  date  of allotment Exit load will be Nil. The Scheme offers Growth and Income Distribution cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against Domestic price of gold. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide returns that closely correspond to the domestic   price of gold, before expenses and subject to tracking errors, by investing in physical gold and gold-related instruments.

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