MUTUAL FUNDS
Union Mutual Fund file offers document for Gold Fund of Funds
Nov-26-2024
Union Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund scheme named ‘Union Gold Fund of Funds'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load will be 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units; will be Nil if redeemed or switched out after completion of 1 year from the date of allotment of units. The Scheme offers growth and dividend options for investment.

The performance of the scheme is benchmarked by Domestic Price of Physical Gold. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in units of Gold ETF. 

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