Bangalore: HDFC Mutual Fund has unveiled a new open ended Gold Exchange Traded Fund (ETF). The new fund offer will be available from 25 June, 2010 to 23 July, 2010. The minimum investment amount of the scheme is Rs 5,000. To generate returns that are in line with the performance of gold, subject to tracking errors is the investment objective of the scheme. The scheme will invest 90 percent to 100 percent in gold bullion with medium to high risk profile. The scheme is also likely to invest up to 10 percent in debt securities and money market Instruments with low risk profile. Each unit of Fund having a face value of 100 will be issued at a premium equivalent to the difference between the allotment price and the face value. Each unit is approximately equal to one gram of gold. The scheme will not charge any entry and exit load. The scheme will be benchmarked against domestic price of physical gold. Currently, there are no investments plans being offered under the scheme.