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The total investment package of the Fund is made
available to the investor, in specified portions known
as ‘units’. The initial price for units is ˘500. The
minimum initial investment is ˘10,000 (20 units). A unit
may be purchased by an individual or a group of
individuals. The Gold Fund is initially offering
20,000,000 units. However, as an open ended fund, the
number of units available is unlimited.
Therefore, the
buyer may buy units of the Fund in any quantities
desired. Each unit represents a proportionate ownership
interest in all of the selected companies of the Fund.
As the value of each unit appreciates in proportion of
the performance of the Fund’s investments, investments
represent potentially formidable unit holdings over a
period of time. Unit holdings may be converted into
cash, re-invested or redeemed at the discretion of the
investor. |