World Gold Fund

DSP Merrill Lynch Fund Managers has launched World Gold Fund, an open-ended fund-of-funds scheme which will invest in gold mining companies through Merril Lynch’s international fund, which has outperformed its benchmark FTSE Gold Mines Index since inception. The new fund offer will close on August 23. The minimum investment is Rs 5,000 and there is an entry load of 2.25 per cent. If an investor wants to exit the scheme within six months, he/she will have to pay an exit load of 0.50 per cent.

InvestAssure

Tata AIG Life Insurance Company has launched InvestAssure Gold, a whole life unit-linked plan offering insurance cover till the policyholder turns 100. InvestAssure Gold blends in protection and tax advantages of life insurance with the attraction of investments in assets through multiple fund options. The plan offers loyalty benefits every five years and competitive premium charges. Individuals can buy this policy up to the age of 70 years.

Kotak fund

Kotak Mahindra Asset Management Company has launched Kotak Global Emerging Market Fund, a three-year close-ended equity scheme that will invest in overseas mutual funds and collective investment schemes.