Monday, November 06, 2006 10:19 Hrs IST
DSP Merrill`s Gold Fund awaits regulator`s approval
DSP Merrill Lynch Fund Managers has filed draft document for a world gold fund
Indian retail investors can own shares of global gold mining companies if a proposed mutual fund scheme of the DSP Merrill Lynch Fund Managers gets regulators approval.
Leading fund house, DSP Merrill Lynch Fund Managers has filed draft document for a world gold fund to explore opportunities in non-conventional fund ideas like investing overseas in gold, gold mining, energy and alternative energy related sectors. DSPML Fund Managers proposes to raise funds from Indian markets and invest in global gold mining companies under its Merrill Lynch Gold Fund.