|
Description
|
Particulars
|
|
NAV as on
03 Feb 2012
|
2651.6233
|
|
Gold Value Per Kg (Excluding VAT)
|
2823410.9400
|
|
VAT @ 1%
|
28234.1100
|
|
Total Gold Value Per kg
|
2851645.0500
|
|
Cash Componenent ( For 1000 units)
|
-200021.7500
|
|
Note A :
|
NAV as on
Feb 03, 2012 is
2651.6233
|
|
Note B :
|
1. If Cash Comp is positive investor has to pay while creation and will receive
on redemption
|
| |
2. If Cash Comp is negative investor
will receive on creation and will pay during redemption
|
|
Note C :
|
Transaction charges payable by the investor is NIL per creation request and NIL
per redemption request
|
|
Note D :
|
The above creation unit is for 1000 units of Reliance GOLD
|
Creation unit is made up of two components portfolio deposit and a cash component.
Portfolio Deposit closely approximates the proportion of the underlying asset that
represent the index. The Cash Component represents the difference between the applicable
net asset value of a creation unit and the market value of the portfolio deposit.
Reliance Gold Exchange Traded Fund (RGETF) Portfolio deposit would consist of physical
gold of defined purity (fineness or purity of 995 parts per 1000 (99.5%) or higher)
and quantity and/or cash component if any. The difference between NAV and the price
of 1 gram of gold may be called cash component. Each creation unit consists of 1000
units of RGETF and cash component if any.
Only Authorize Participants have the privilege to create and redeem units directly
with the Asset Management Company (AMC) in creation unit size. Authorised Participants
are appointed by the AMC who act as market makers to improve the liquidity of the
ETF on the stock exchange. Investors, other than Authorised participants can buy
the units of RGETF directly on the National Stock Exchange of India Ltd and Bombay
Stock Exchange Limited
If Cash Component is negative Authorize Participants will receive it on creation
and will pay the same during redemption. Hence Cash component can be a useful tool
to determine the no-arbitrage price for units traded on exchange.