The Wealth Company Mutual Fund, a Pantomath Group Company, has launched Exchange Traded Fund, an open-ended scheme that will replicate the domestic price of gold.
The New Fund Offer will be open for subscription from Tuesday to December 22.
The Gold will primarily invest in physical gold of 99.5 per cent purity or higher, conforming to the London Bullion Market Association Good Delivery standards. The ETF will be listed on both and .
Pricing is fully transparent and before expense linked to live market prices, unlike physical gold, which is typically subject to local premiums and making charges.
Liquidity is significantly higher, as the ETF can be bought and sold seamlessly on stock exchanges, whereas physical gold requires finding a buyer and negotiating prices.
From a cost perspective, the ETF features a low expense ratio and does not involve making charges. Additionally, it allows easy access in small denominations, making gold investing more flexible and accessible compared to physical gold, which sometimes comes with minimum purchase requirements.