I’m looking for some information about gold exchange traded fund of Unit Trust Of India here will you please help me?

I will let you know about gold exchange traded fund of Unit Trust Of India so that you can go through it easily and have idea about it.

The Exchange Traded Fund of Unit Trust Of India are passively managed funds tracking a benchmark index and reflect the performance of that index.

The UTI Goldshare being offered will have a face value of Rs100/- each and will be issued at a premium equivalent to the difference between the allotment price and the face value of Rs100/-.

ETFs are bought/sold in two markets:
a. The primary market where large players also known as authorized participants swap creation units for gold in physical form or in the form of cash.

b. The secondary markets where the ETFs are traded like units of common securities on the stock exchange(s) during the trading hours.

Advantages
1. Investors who want a cost effective and convenient way to invest in gold can get instantaneous exposure to a physical asset viz gold

2. Its units can be traded like a share and therefore it provides the ability to buy and sell them quickly at the ruling market price unlike gold that can be sold only for a discount and by a cumbersome process.

3. The expenses incurred in buying and selling UTI Goldshare and the schemes ongoing expenses will be less than the costs associated with buying and selling of gold and storing and insuring gold bullion a traditional gold bullion market.

4. Minimum investment in ETF in secondary markets is one unit representing one gram of gold in the beginning and the weight of gold representing 1 unit keeps reducing to the extent of expenses.




For full information please have a look on file


Address:-
Unit Trust Of India
UTI Tower, GN Block, Banrda Kurla Complex, Bandra (East) Mumbai
Mumbai
Maharashtra- 400 051


Phone:-
1800 22 1230

Attached Files

Gold exchange traded fund of Unit Trust Of India.pdf (1.19 MB, 141 views)