Zerodha Mutual Fund has submitted a draft document to SEBI for a new passive fund, the Zerodha Gold ETF FoF. This open-ended fund of fund scheme aims to achieve capital appreciation by investing in units of gold ETFs. It will offer both regular and growth plans, with the growth option only. The scheme will have no exit load and will be benchmarked against the domestic price of physical gold.
Tech View: Nifty forms hammer candle; rebound from 23,500 offers hope. How to trade on Thursday
The Nifty’s short-term trend remains weak, but a smart recovery near 23,500 levels suggests a potential upside bounce. A sustained move above 23,800 levels could