Gold ETF: NFO introduced by 360 ONE Asset
360 One Asset has introduced a new Fund Offer (NFO), 360 ONE Gold ETF, which is an open-ended exchange-traded fund (ETF) to track the prices of gold in India.
The subscription is open now and will close on February 28. The minimum investment amount is Rs 500 and after that, you can invest an additional amount in multiples of Rs. 1.
360 ONE Asset Management Limited, previously known as IIFL Asset Management Limited, is one of the leading asset management companies in India. It offers many investment options, including fixed-income securities and real estate investments. They also provide wealth advisory services for individuals with high net worth.
The 360 ONE gold ETF will invest a major part of its assets in gold with at least 95% of its investment in gold, ensuring that it tracks the domestic price of gold. The remaining 5% can be invested in debt or money market securities to increase the liquidity.
