The Quantum Gold Fund is an Open Ended Exchange Traded Fund (ETF) launched by Quantum Mutual Fund and listed on the NSE. It will track domestic prices of Gold through investments in physical Gold. The Quantum Gold Fund (QGF) seeks to offer investors an innovative, cost-efficient and secure way to invest in gold. The scheme enables investors to participate in the gold bullion market without taking physical delivery of gold, and to buy and sell units just like a stock on any of the recognized exchanges where it is listed.
Who can invest?
- An Individual who is a Resident of India.
- Non Resident Indian.
- A Non Individual: a firm, a HUF, a company, a bank, a trust, SEBI registered Mutual Fund, FII etc.
- QGF units are listed on the NSE. The QGF units can then be bought /sold by the investors on the National Stock Exchange and the Bombay Stock Exchange, through any broker-member.
- Further creation and redemption of units, post NFO period, will be through authorised participants and eligible investors only. Retail investors can buy and sell units only through the exchange.
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