Birla Sun Life Asset Management launches Gold Fund

MUMBAI: Birla Sun Life Asset Management has launched a new scheme Birla Sun Life Gold Fund, an open ended fund of fund scheme.

The scheme which will be open from March 1 to March 15 for subscription would seek to provide returns that tracks the returns provided by Birla Sun Life Gold ETF.

"Birla Sun Life Gold Fund will open opportunities for our investors who invest in physical gold or ETFs," Birla Sun Life Asset Management Chief Executive Officer A Balasubramanian said.

Birla Sun Life AMC had average assets under management of Rs 60,406 crore as on December 31.c