The rising gold prices have fancied investors attention and is being increasingly looked on as an part of portfolio. After Gold ETFs , now there is option for investing in DSP Merrill Lynch World Gold Fund which invests in gold mining companies internationally.
This is an open ended fund of funds scheme, and is unique as for the first time this investment option is available to Indian investors. The fund would invest in the equities of companies worldwide whose main business activity is gold mining. Around 80% of the corpus would be invested in overseas mutual funds.
The fund is attractive as profitability of gold mining companies has increased with increase in gold prices thus giving superior returns. With increased jewellery demand in Asian countries and increase in gold buying by Central Banks, the price of gold is likely to show an upward move.
It is estimated that 60-70% of Green House Gases (like hydro fluorocarbons, methane and nitrous oxide) emission is through fuel combustion in industries like cement, steel, textiles and fertilizers. They are released as by-products of certain industrial process, which adversely affect the ozone layer, leading to global warming. Carbon credits seek to reduce these emissions by giving them a monetary value. One credit gives the owner the right to emit one ton of carbon dioxide. Such a credit can be sold in the international market at the prevailing market price. This means that carbon becomes a cost of business and is seen like other inputs such as raw materials or labor.
