UTI Gold ETF lists on NSE
Earlier this week, India’s second gold ETF was made available for trading at the NSE - the UTI Gold Exchange Traded Fund - just two days ahead of the “important” gold buying day(s) of Akshaya Tritiya.
Every unit of UTI Gold ETF will approximately represent the price of 1 gram of Gold.
There will be no entry/exit load charge by the Fund post-NFO.
The recurring expenses will be maximum of 1% per annum.
Since the UTI Gold ETF is classified under Mutual Fund, investors investing in this need not pay Wealth Tax. The scheme will have Non equity Mutual Fund taxation, applicable as per current Tax laws, which investor has to pay after redemption.
Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.
Symbol: GOLDSHARE (NSE), GOLDSHARE.NS (Yahoo Finance), ISIN Code: INF789F01059.
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