Turn to Gold: Union MF Launches Dual NFOs
New Delhi [India], February 14: Union Mutual Fund has announced the launch of two New Fund Offers (NFOs)—Union Gold ETF and Union Gold ETF Fund of Fund (FoF)—providing investors with an opportunity to add gold exposure to their portfolios in a structured and convenient manner. Both NFOs opened on February 10, 2025. The Union Gold ETF closes on February 17, 2025, while the Union Gold ETF Fund of Fund closes on February 24, 2025. Union Gold ETF is an open-ended scheme replicating/tracking domestic price of gold. Units will be listed on both the stock exchanges (NSE and BSE) within five business days of allotment, allowing investors to trade them like any other stock. No exit load is applicable. Union Gold ETF Fund of Fund (FoF) is an open-ended scheme fund of fund scheme that will invest in
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