News Desk, News Nation 360: Gold is in focus due to global liquidity drying up, and increased demand from Central banks, combined with supply of the metal remaining stagnant. Investments in gold have typically done well at a time when there is a weakness in the dollar. Gold also has a historical negative or low correlation with equity which also makes it a good option to diversify away from equity. DSP Mutual Fund announced the launch of DSP Gold ETF Fund of Fund (the scheme) an open-ended Fund of Fund scheme investing in DSP Gold Exchange Traded Fund (ETF). The scheme offers investors a convenient way to invest in gold like a normal mutual fund scheme, compared to the physical version, with the freedom to trade easily.  DSP Gold ETF Fund of Fund offers the advantage of owning Gold in a convenient digital form without the requirement for a demat account to transact. It also presents a systematic way to invest in Gold via SIPs along with the flexibility of redeeming the units without any lock-in period. The New Fund Offer for the DSP Gold ETF Fund of Fund opens for subscription on November 3rd, 2023, and closes on November 10th 2023. Anil Ghelani, CFA, Head – Passive Investments & Products, DSP Mutual Fund stated that Gold is a great addition to a typical equity – debt-heavy portfolio due to the low correlation to these asset classes. The scheme structure presents a convenient way to diversify your portfolio and accumulate gold in a systematic manner, automatically adding depth and multi-dimensionality to your investments.