NFO Alert: Subscription of Baroda BNP Paribas Gold ETF is open. The asset management company says that in this scheme, investors can earn returns based on the prices in the domestic market by investing in physical gold.
NFO Alert: Subscription of Baroda BNP Paribas Gold ETF, the new scheme of asset management company Baroda BNP Paribas Mutual Fund, has opened. The New Fund Offer (NFO) is open for subscription till November 30, 2023. This is an open-ended gold ETF scheme. The asset management company says that investors in the scheme can earn returns based on the prices in the domestic market by investing in physical gold.
Start investing ₹5000
Investment in Baroda BNP Paribas Gold ETF can be started with a minimum of Rs 5000. After this, any amount can be invested in multiples of Re 1. The listing of the ETF will take place on the stock exchanges within 10 working days from the date of allotment. This scheme will reopen after 5 days from the date of allotment. The fund will be managed by Vishnu Soni, fund manager, Baroda BNP Paribas Mutual Fund.
According to the asset management company, investors can invest in this scheme for long term capital appreciation. Investors will benefit from investing in physical gold and can earn returns based on domestic gold prices. However, there is no assurance or guarantee of returns in the scheme.
Features of investing in Gold ETF
- Gold ETF is a relatively low-cost and easy option to invest in as it allows buying and selling just like shares on stock exchanges.
- There is no risk of theft in Gold ETFs compared to holding physical gold, as Gold ETFs are held in the demat accounts of investors.
- There is no danger of the purity of gold decreasing.
- Transparent pricing and liquidity during buying and selling.
- You can also invest 1 unit in Gold ETF, where 1 unit means about 0.01 gram of gold.
(Disclaimer: Scheme details are given here. This is not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before taking any investment decision.)
