Gold Exchange Traded Fund Scheme (Gold ETFs) Investment in Gold Deposit Scheme (GDS) of Banks

                                            CIRCULAR

CIR/IMD/DF/04/2013                                           February 15, 2013

All Mutual Funds/Asset Management Companies (AMCs)/ 

Trustee Companies/Boards of Trustees of Mutual Funds/  

All Depositories

Sir/ Madam,

Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)

Investment in Gold Deposit Scheme (GDS) of Banks

1.  SEBI (Mutual Funds)  Regulations, 1996, (MF Regulations) permits Gold Exchange 

Traded Fund scheme (Gold ETFs) to invest primarily in:

a) Gold

b) Gold related instruments –  Regulation 2(mc) of MF Regulations stipulates that 

gold related instruments are such  instruments having gold as underlying, as 

are specified by SEBI from time to time.

Please  also  refer to  SEBI circular no. SEBI/IMD/CIR No.4/58422/2006  dated 

January 24, 2006, issued in this regard.

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Posted By: Vinay Sharma | Category : SEBI | Comments : 0 | Hits : 811