Axis MF Launches Gold Fund

Axis Mutual Fundhas rolled out an open-ended fund-of-funds scheme,India Infolinereports. TheAxis Gold Fundaims to produce returns similar to those generated byAxis Gold ETF.Anurag Mittalwill serve as portfolio manager.

The scheme, which offers growth and dividend options, shall invest between 95 percent and100 percent in the units of gold exchange-traded funds (ETFs) with medium risk profile and the remainder in money market instruments with low to medium risk profile.

Click here for the story fromIndia Infoline.