IDBI Gold Exchange Fund

Sir I want to know about the IDBI Gold Exchange Traded Fund so please can you give me the information about IDBI Gold Exchange Traded Fund and provide me the page where I can get the information about IDBI Gold Exchange Traded Fund?

IDBI Gold Exchange Traded Fund is an open ended gold exchange traded scheme.

Here are the Advantages of the scheme:
Pure and Secure
Affordable
No risk of holding physical stock
Lower cost
Tax efficient
Liquidity

__________________
Answered By StudyChaCha Member

Give me information about IDBI Gold Exchange Traded Fund offer by IDBI Mutual Fund ?

Here I am giving you information about IDBI Gold Exchange Traded Fund offer by IDBI Mutual Fund below …

IDBI Gold Exchange Traded Fund
Nature An open-ended gold exchange traded scheme

Instrument Indicative Allocation
Minimum Maximum
Physical Gold 95% 100%
Debt & Money Market Instrument 0% 5%

NFO Price
Rs. 100 for cash at a premium equivalent to the difference between the allotment price and face value of Rs. 100/-each.
Allotment price would be approximately equal to the price of 1 gram of gold.

Minimum Application Amount during NFO
Rs. 10,000 and in multiples of Rs. 1 thereafter

Taxation :
IDBI Gold Exchange Traded Fund Resident Investor Mutual Fund
Tax on dividend Dividend not proposed Dividend not proposed
Captial Gains
Long Term 10% / 20%* Nil
Short Term Rates applicable to unit holders as per their income slabs Nil

Contact details :
IDBI Asset Management Ltd.,
5th Floor, Mafatlal Centre, Nariman Point, Mumbai- 400021

Corporate Office:
IDBI Mutual Fund,
5th Floor, Mafatlal Centre,
Nariman Point,
Mumbai- 400021
Tel No.: (+91 22) 6644 2800
Fax No.: (+91 22) 6644 2801
Tollfree: 1800-22-4324
sms: IDBIMF to 09220092200
e-mail: contactus@idbimutual.co.in

__________________
Answered By StudyChaCha Member