Choice Mutual Fund on Friday announced the launch of its new Gold Exchange-Traded Fund (ETF) — the Choice Gold ETF, an open-ended scheme designed to replicate or track the domestic price of gold. The New Fund Offer (NFO) opened for subscription this week and will remain open until October 31, 2025. Advertisement

Following the NFO period, the ETF will be listed on both the BSE and NSE within a week, allowing investors to buy and sell units on the exchanges just like shares. The fund seeks to generate returns in line with the performance of physical gold in India, subject to tracking error. The minimum investment amount during the NFO is Rs 1,000, with no upper limit.

The Choice Gold ETF will be managed by Rochan Pattnayak, Chief Investment Officer at Choice Mutual Fund. The fund house sa

See Full Page