HDFC Mutual Fundhas rolled out a gold fund,Moneycontrol.comreports. TheHDFC Gold Fundis an open ended fund-of-funds system that will allow investors to invest systematically in gold, hedge their risks against market volatility and to effectively diversify their portfolio.
The subscription of the new fund opened on Monday and will close on October 21. The amount collected through the new fund offer will be invested inHDFC Gold ETFfor capital appreciation.
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