NFO: ICICI Pru Gold Exchange Traded Fund (Gold ETF)
ICICI Prudential Mutual Fund has launched a New Fund Offer from June 30, 2010. AMC aims to invest 95 - 100% in Bullion Gold and 0 - 5% may be kept in Debt and Money Market Securities, under open ended scheme. The objective of the fund seeks to provide investment returns. Fund is tradable at NSE, BSE .
The units of the Scheme are offered at a face value of Rs100 each and will be issued at a premium equivalent to the difference between the allotment price as determined from the actual purchase price of physical gold and the face value of Rs100. The system of domestic prices of Gold derived from the LBMA AM will be used for fixing prices. However, the performance of the scheme may differ from that of the underlying gold due to tracking error.
NFO Summary
- NFO Start Date: 30-June-2010
- NFO Close Date: 29-July-2010
- Scheme Category: Gold ETF
- Scheme Type: Open Ended
- Entry Load: Nil
- Listing at NSE , BSE, Tradable
-
Offer Price: Rs. 100.00**
- Minimum Subscription: Rs. 5,000.00 and additional in multiple of Rs 1/- thereafter.
- If the Demat account details are not given, the units will be issued in certificate form but will not be tradable till these are converted into dematerialise form.
- NRI/FII/PIO investors (Persons of Indian Origin residing Abroad) can apply on Repatriation and Non-repatriation basis.*
- Download Application Form
- *Check conditions in KIM documents attached.
- **For price rates check details above.
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