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Choice MF launches Gold ETF amid renewed demand for safe assets
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Choice MF opened its Gold ETF NFO with ₹1,000 minimum investment, aligning with rising investor preference for safe assets amid macroeconomic volatility.
Choice Mutual Fund launched its Gold ETF new fund offer from October 24 to 31 with a minimum investment of ₹1,000. The scheme aims to replicate domestic gold prices and offers diversification benefits during volatile markets. The launch coincides with increased investor interest in precious metals as inflation uncertainty persists. Gold traded at ₹1.24 lakh per 10 grams, up 0.12% overnight. Analysts expect strong retail response, given the ongoing shift toward safe-haven assets amid global macroeconomic concerns.