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Sunday, January 15, 2012

Canara Robeco Mutual Fund plans a Gold ETF

Canara Robeco Mutual Fund has filed an offer document with SEBI to launch its open-ended Canara Robeco Gold ETF. The minimum application amount is Rs. 5,000. The fund will be benchmarked against domestic price of physical gold. The fund will be managed by Akhil Mittal

Canara Robeco Asset Management Company Limited (CRAMC), the investment managers of Canara Robeco Mutual Fund, is a joint venture between Canara Bank and Robeco of the Netherlands, a global asset management company that manages about US$180 Billion worldwide. The joint venture brings together Canara Bank's experience in the Indian market and Robeco's global experience in asset management.

Stay tuned to this blog for more updates on Canara Rocecco Gold Exchange Traded Funds (ETFs)
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