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 faces resistance at 200-DSMA; staying below 23,930 may signal more downside.How to trade on Friday
According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, if the Nifty sustains above 23,460, a short-term pullback toward 23,800-23,900 is likely. However, resistance