Destimoney, one of the full service financial organisations in the country today announced the launch of its new offering – Gold Reserve Fund. The Gold Reserve Fund scheme offers participation in the performance of Gold through investment in Gold ETFs with a capital protection overlay.
The product intends to provide investors with the simplest, easiest and safest way to profit from Gold by investing in Sebi approved Mutual Funds.
Speaking about the new offering Sudip Bandyopadhyay, President, Destimoney said “A unique PMS Product to meet the requirements of the Indian customers during this volatile economic environment. All existing Gold Investment products, either physical (coins/ bars etc) or ETFs carry gold price risk whereas our unique GRF scheme assures the investor highest NAV protection during the first 41st months of the scheme.”
GRF will deliver higher of the following values: The highest account value reached in the maximum value protection period (41 months) or an amount equal to 105% of amount invested.
The scheme will have tenure of 60 months with complete transparency in terms of portfolio information to the investor where Transaction statement and portfolio can be viewed online.