UTI to launch gold exchange traded fund soon
New Delhi: UTI Mutual Fund's gold exchange traded fund (ETF) maybe launched within two months according to A.K. Sridhar, Chief Investment Officer, UTI Mutual Fund. He said discussions are on with the custodians to sort out certain issues about the new product and maintained that the Gold ETF would only supplement and not substitute activities in the commodities market with regard to this metal.

Sridhar also said UTI MF was keen to launch a real estate mutual fund in the coming days. Real estate mutual funds and gold ETFs could be good alternative avenues of investment for investors, he said.
Back to News Review index page  

Tata MF introduces real estate mutual fund
New Delhi: Tata Mutual Fund will soon launch a real estate mutual fund (REMF) scheme and is awaiting the market regulator to effect amendment in SEBI (Mutual Funds) Regulations.

The fund would be in the market for subscription two months after the final approval from SEBI in the form of necessary amendment.
Back to News Review index page