News Notes | New entrant: Religare MF launches gold ETF

News Notes | New entrant: Religare MF launches gold ETF

On the face of it, there’s nothing new that RETF offers, except that the fund house aims to complete its product suite. Most gold ETFs in India are new so they haven’t yet completed a year—a mandatory time period to compute a fund’s tracking error. The lower the tracking error (the difference between the fund’s return and benchmark’s return), the better is the ETF.

(Ashwin Ramarathinam contributed to this story.)

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