HDFC Mutual Fund has launched an open ended Gold Exchange Traded Fund, which aims to generate returns in line with the performance of gold. The scheme will invest 90% to 100% in gold bullion. Each unit, approximately equal to 1 gm of gold, will be issued at a premium equivalent to the difference between allotment price and face value. The new fund offer will be available from 25 June, 2010 to 23 July, 2010. Investors can investment a minimum amount of Rs 5,000. The scheme will not charge any entry and exit load. The scheme will be benchmarked against domestic price of physical gold.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...
