Another Gold Fund

DSP-Merrill Lynch has just filed an offer document to launch a mutual scheme that would invest in gold-based exchange traded funds. It becomes the third fund house after UTI and Benchmark to seek permission to launch gold funds. The fund idea is novel but would it make sense to go for it as and when it comes to raise money? DSP Merrill Lynch’s `World Gold Fund, benchmarked against FTSE Gold...

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