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Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. With effect from 14th July 2011, Benchmark Asset Management Company Private Limited (BAMC) and Benchmark Trustee Company Private Limited (BTC) are a part of the Goldman Sachs group. Subsequent to this acquisition, all the schemes of Benchmark Mutual Fund will be renamed. Benchmark Mutual Fund has 13 schemes in operation currently. The popular ETFs of Benchmark Fund - Gold Bees and Nifty Bees would be renamed as GS Gold Bees and GS Nifty Bees . Hence investors need not worry too much since change in the name of the schemes will not result in any change in the basic characteristics and fundamental attributes of the schemes. The name changes of other schemes are available here . Also during trading hours o

The buzz word now in Gold Market is E-Gold from National Spot Exchange. What's this E-Gold all about and how is this different from Gold ETFs, which are already traded in National Stock Exchange? E-Gold is offered by National Spot Exchange Limited(NSEL) which enables you to buy gold in electronic form, and hold it in a Demat account. Features of E-Gold: 1. You can buy and hold minimum of 1 gram of E-Gold in electronic form. 2. The commission and the transaction charges would be about 0.5%,same as you buy any other ETF from NSE. 3. E-Gold can be converted it into physical gold, which is known as re-materialization and there are charges for this re-materialization. The minimum quantity for converting into physical gold is fixed as 8 grams. 4.Rematerialization facility is currently available in 15 major cities and hence if you want to convert it to physical gold, check with your broker. 5. VAT: When you rematerialize you will have to pay some rematerialization charges (which will be