{"id":"f-e550251d2f-ba2ff1d9-5632-5844-9eeb-18d45911c092","title":"The Wealth Company Mutual Fund launches Gold ETF; NFO open till December 22","description":"The Wealth Company Mutual Fund launches a Gold ETF tracking domestic gold prices, listed on BSE and NSE, offering flexible investment without storage costs, led by Madhu Lunawat and Debasish Mohanty.","timestamp":1765880503,"category":"business","headline":"The Wealth Company Mutual Fund launches Gold ETF; NFO open till December 22","modifiedHeadline":"Wealth Company Launches Gold ETF","subCategories":["scid_47bc7b76"],"region":"IN","bundleMetaData":{"bundleId":"767aec11-05e9-4fdc-86fd-f9f98503f66c","bundleTitle":"Start Investing","cardData":null},"iabCategoryId":"53","fcSummary":"The Wealth Company Mutual Fund introduces a gold ETF replicating domestic gold prices, with the NFO closing on December 22. Investing in physical gold of 99.5% purity, it will be listed on BSE and NSE, offering a cost-effective and flexible way to invest in gold.","summary":"The Wealth Company MF unveils Gold ETF, mirroring local prices! NFO is live until Dec 22 on BSE/NSE, offering easy gold investment.","ctaUrl":"https://trends.glance.com/newz/Personal_Finance/IN/en/cnbc-tv18/f-e550251d2f-ba2ff1d9-5632-5844-9eeb-18d45911c092","sourceUrl":"https://www.cnbctv18.com/personal-finance/the-wealth-company-mutual-fund-launches-gold-etf-nfo-details-ws-l-19792881.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/uRD29cSpYAv0.webp","content":"The Wealth Company Mutual Fund has launched an open-ended Gold Exchange Traded Fund (ETF) that aims to replicate or track domestic gold prices. The new fund offer (NFO) will close on December 22.\n\n
\n
\n The scheme will primarily invest in physical gold with a purity of 99.5% or higher, in line with London Bullion Market Association (LBMA) Good Delivery standards. The ETF will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), allowing investors to buy and sell units on the exchanges.\n
\n
\n According to the fund house, the ETF structure provides exposure to gold without the need for physical storage or security arrangements. Unlike physical gold purchases, ETF pricing is linked to market prices and does not involve making charges or storage-related costs. Units can also be traded in smaller denominations, offering flexibility to investors.\n\n
\n
\n Commenting on the launch, Madhu Lunawat, Founder, Managing Director and CEO of The Wealth Company Mutual Fund, said gold ETFs offer direct exposure to gold as an asset, without the additional costs typically associated with jewellery purchases.\n
\n
\n Debasish Mohanty, Chief Strategy Officer at the fund house, said gold continues to play an important role in portfolios, particularly during periods of market uncertainty.\n
\n
\n The launch comes amid sustained interest in gold as an investment asset. A recent World Gold Council report noted that factors such as falling yields, geopolitical risks and increased demand for safe-haven assets could support gold prices, with investment demand through ETFs expected to remain a key driver.\n\n
\n
\n The Wealth Company Mutual Fund is part of the Pantomath Group and manages investment products across asset classes, including mutual funds and alternative investment funds.","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Wealth Co. launches Gold ETF, tracking domestic prices; NFO closes Dec 22.","Fund invests in 99.5% pure gold, listed on BSE/NSE, avoids storage fees.","Gold ETFs offer direct asset exposure; market uncertainty drives demand."],"tags":["GoldETF","TheWealthCompany","MutualFund","NFO","GoldInvestment","BSE","NSE","MadhuLunawat","DebasishMohanty","LBMA","PantomathGroup","GoldPrices","Investment","ETFs"],"consent":true,"redirectionEnabled":false}

The Wealth Company Mutual Fund launches Gold ETF; NFO open till December 22

SUMMARY