Birla Sun Life Launches Gold ETF fund , the fund would open on the 25th of April 2011 and would close for subscription on the 9th of May 2011.
In India, Gold is the best asset class which is best appreciated by households in the form of jewellery and investment. It is a symbol of wealth and good fortune. Gold is viewed as secure, value preserver and is the second preferred Investment after bank Deposits. Besides is also a good investment avenue for diversifying the investment portfolio due to low correlation with most other asset classes as it rises in value during times of rising Inflation, thus provides a hedge against price increase in the long term.
To know more about the product, please find attached literature giving you completed details on the product and features of this offer. Also attached is brokerage structure payable to the bank.