Reliance gold ETF collects over 1.5 bln rupees-Yahoo.com

http://in.biz.yahoo.com/071107/137/6myni.html

MUMBAI (Reuters) - India's largest mutual fund, Reliance Capital Asset Management Ltd, has collected over 1.5 billion rupees for its gold exchange-traded fund, a top company official said on Wednesday.

"We have collected in excess of 150 crore rupees as of today ... we are still waiting for the final figure," Vikrant Gugnani, chief executive officer, told Reuters.

Gugnani said the company tapped around 400 towns for the gold ETF, the fourth in the country.

The three existing ETFs, including Benchmark Asset Management Co and UTI Asset Management Co had a collection of over three tonnes of gold at the end of October.

Gugnani said the fund is likely to be listed at the end of November.