Shriram Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Shriram Gold ETF Passive FoF‘. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load and Exit load will be nil. The Scheme offered growth as well as Income Distribution cum Capital Withdrawal option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.The performance will be benchmarked to Domestic Price of Physical Gold. The minimum application amount during NFO will be Rs 500 and in multiples of Rs 1 thereafter.The investment objective of the scheme is to generate long-term capital appreciation by investing in units of various Gold ETFs.