Gold Exchange Traded Fund Scheme (Gold ETFs) Investment in Gold Deposit Scheme (GDS) of Banks

Posted Date : 18-Feb-2013 , 07:50:26 pm | Posted By CASANSAAR print

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CIRCULAR

CIR/IMD/DF/04/2013 February 15, 2013

All Mutual Funds/Asset Management Companies (AMCs)/

Trustee Companies/Boards of Trustees of Mutual Funds/

All Depositories

Sir/ Madam,

Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)

Investment in Gold Deposit Scheme (GDS) of Banks

1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations) permits Gold Exchange

Traded Fund scheme (Gold ETFs) to invest primarily in:

a) Gold

b) Gold related instruments – Regulation 2(mc) of MF Regulations stipulates that

gold related instruments are such instruments having gold as underlying, as

are specified by SEBI from time to time.

Please also refer to SEBI circular no. SEBI/IMD/CIR No.4/58422/2006 dated

January 24, 2006, issued in this regard.

Read Full Circular From Here :

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