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Name of the Fund: Benchmark Mutual Fund

Name of the AMC: Benchmark Asset Management Company Pvt. Ltd.


KEY INFORMATION MEMORANDUM
Gold Benchmark Exchange Traded Scheme (Gold BeES)

(Open Ended Exchange Traded Fund)

Continuous Offer for Units of Gold BeES of Rs. 100/- per unit
at NAV based prices


This Key Information Memorandum (KIM) sets forth the information, which a prospective
investor ought to know before investing. For further details of the Scheme(s)/Mutual Fund, due
diligence certificate by the AMC, Key Personnel, investors rights and services, risk factors,
penalties and pending litigations, associate transactions etc. investors should, before investment,
refer to the Offer Document of the Scheme available free of cost at any of the Investor Service
Centre or distributors or from the website www.benchmarkfunds.com.

The Scheme particulars have been prepared in accordance with Securities and Exchange Board of
India (Mutual Funds) Regulations, 1996, as amended till date, and filed with Securities and
Exchange Board of India (SEBI). The units being offered for public subscription have not been
approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.





MUTUAL FUND

INVESTMENT MANAGER
BENCHMARK ASSET MANAGEMENT COMPANY PVT. LTD.
405, Raheja chambers, Free Press Journal Marg, 213, Nariman Point, Mumbai - 400 021
Phone : 91-22-6651 2727 Fax : 91-22-2200 3412
Toll Free No.: 1800-22-5079
Email : webmaster@benchmarkfunds.com website: http:// www.benchmarkfunds.com


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INVESTMENT OBJECTIVE

Gold Benchmark Exchange Traded Scheme (Gold BeES)
The investment objective of Gold Benchmark Exchange Traded Scheme (Gold BeES) is to
provide returns that, before expenses, closely correspond to the returns provided by domestic
price of gold through physical Gold.

However, the performance of the Scheme may differ from that of domestic prices of Gold due to
expenses and certain other factors. There can be no assurance or guarantee that the investment
objective of Gold BeES will be achieved.

ASSET ALLOCATION PATTERN OF THE SCHEME

Instruments Risk Profile %
Physical Gold Medium 90% to 100%
Money Market instruments, Securitised Debts*,
Bonds including cash at call
Low to Medium 0% to 10%
*Investments in the securitized debts can be made by the Scheme up to 5% of the net assets.

RISK PROFILE OF THE SCHEME
Mutual Fund investments are subject to market risks. Please read the offer document carefully for
details on risk factors before investment.

PLANS AND OPTIONS
Nil

APPLICABLE NAV (after Scheme opens for repurchase/sale)
The Fund creates/redeems units of Gold BeES in creation (minimum) unit size by exchange of
underlying physical Gold (Portfolio Deposit) and Cash Component. The Fund declares the
Portfolio Deposit and Cash Component on its website www.benchmarkfunds.com daily morning
and the same would be applicable for creating and redeeming unit size for that working day.

MINIMUM NUMBER OF UNITS FOR SUBSCRIPTION/REDEMPTION

A. Directly with the Fund
The Fund creates / redeems Gold BeES in large size known as Creation Unit. The value of the
Creation Unit is 1 kilogram of physical Gold or in multiple thereof called as the Portfolio
Deposit and a Cash Component which will be exchanged for 1,000 units Gold BeES.

B. On the Exchange
The Units of Gold BeES are listed on the Capital Market Segment of the National Stock
Exchange of India Ltd. (NSE).

On NSE, the units of Gold BeES can be purchased/sold in minimum lot of 1 unit and in multiples
thereof.

DESPATCH OF REPURCHASE (REDEMPTION) REQUEST
Within 10 working days of the receipt of the redemption request at the official point of
acceptance of Benchmark Mutual Fund.

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BENCHMARK INDEX
The performance of the Scheme will be benchmarked against the price of Gold.

DIVIDEND POLICY
The Trustee may declare dividend to the unit holders under the Scheme subject to the availability
of distributable surplus. It should be noted that actual distribution of dividend and the frequency
of distribution will be entirely at the discretion of the Trustee and depend, inter alia, on the
availability of distributable surplus. Such dividend will be payable subject to tax at source (if any)
to the unit holders whose names appear on the register of unit holders on the record date as fixed
by the Trustee.

There is no assurance or guarantee to the unit holders as to the rate of dividend nor that the
dividend be paid regularly.

If the Fund declares dividend, the NAV will stand reduced by the amount of dividend and
dividend distribution tax (if applicable) paid.

NAME OF THE FUND MANAGER
Vishal Jain

NAME OF THE TRUSTEE COMPANY
Benchmark Trustee Company Pvt. Ltd.

PERFORMANCE OF THE SCHEME
As the Scheme is new and since no similar Scheme has been launched by the Fund in the past,
the performance of the Scheme cannot be given.

LOAD STRUCTURE
There is no Entry or Exit load for subscription or redemption of Gold BeES in Creation
(Minimum) Unit Size directly with the Fund.

There will be no entry/exit load on Gold BeES bought or sold through the secondary market on
the NSE. However, an investor would be paying cost in the form of a bid and ask spread and
brokerage, as charged by his broker for buying / selling units of Gold BeES.

Recurring Expenses for the Scheme
The total expense ratio will be maximum of 1% per annum.

TAX BENEFITS

The following tax benefits are available to investors and the Mutual Fund under present taxation
laws. The information set forth below is based on the Mutual Funds understanding of the Tax
Laws as of this date of offer document.

A) TAX IMPLICATIONS TO UNITHOLDERS
The following summary outlines the key tax implications applicable to unit holders based on the
relevant provisions under the Income-tax Act, 1961 (Act), the Wealth-tax Act, 1957 and the
Finance Act 2007 (collectively called the relevant provisions).


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THE FOLLOWING INFORMATION IS PROVIDED FOR GENERAL INFORMATION
ONLY. HOWEVER, IN VIEW OF THE INDIVIDUAL NATURE OF THE
IMPLICATIONS, EACH INVESTOR IS ADVISED TO CONSULT WITH HIS OR HER
OWN TAX ADVISORS/AUTHORISED DEALERS WITH RESPECT TO THE SPECIFIC
TAX AND OTHER IMPLICATIONS ARISING OUT OF HIS OR HER
PARTICIPATION IN THE SCHEME.

Gold BeES is categorized as a Scheme other than equity oriented mutual fund scheme,
securities transaction tax is not applicable.

UNDER THE INCOME-TAX ACT, 1961
The following summary outlines the key tax implications applicable to unit holders based on the
relevant provisions under the Act subsequent to the amendments enacted by the Finance Act,
2007.

The tax implications of the following income received by the investors are discussed below:
i) Income on units (other than sale/redemption);
ii) Income on sale/redemption of the units.

(i) Taxability of income on units (other than sale): The income received by an investor (other than
income on sale/redemption) in respect of units of a mutual fund specified under Section 10(23D)
of the Act, is exempt under the Act. As the income is exempt from tax, no tax is withheld by the
Mutual Fund upon distribution of such income.

(ii) Taxability of income on sale/redemption of units:

The taxability of the income on sale/redemption of units and the rates at which such income is
taxed is discussed below:

(a) If the units are held as stock-in-trade: If the units are held by an investor as stock-in-trade of a
business, the said income will be taxed at the rates at which the normal income of that investor is
taxed. The rates applicable to different investors are discussed at length in Table 1.

On sale of the units of an equity oriented fund (as defined below) on a recognized stock exchange
or to the Mutual Fund, the investor will also be charged with securities transaction tax (STT) as
per the rates specified in para on STT, provided the transaction is also considered as a taxable
securities transaction. In other cases, STT is not levied.

Further, the investor is not allowed any deduction of STT paid for the purposes of computing his
business income. However, a rebate under section 88E of the Act is available in respect of STT
paid. The rebate is available in form of a deduction of the STT paid from the tax payable on
the income from the taxable securities transaction. The tax payable on the income from taxable
securities transaction is computed by applying the average rate of income-tax on the total income.
The rebate in respect of STT paid cannot, however, exceed the tax payable. Also, this rebate can
be claimed by an investor only if appropriate evidences are furnished in Form No. 10DB along
with the Return of Income.

Note: Equity oriented fund is defined as -
a fund where the investible funds are invested by way of equity shares in domestic
companies to the extent of more than sixty five percent of the total proceeds of such fund;
and
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which has been set up under a scheme of a Mutual Fund specified in Section 10 (23D) of
the Act

(b) If the units are held as investments
If the units are held as investments, the tax rates applicable will depend on whether the gain on
sale of units is classified as a short term capital gain or a long term capital gain. As per section
2(42A) of the Act, units of the scheme held as a capital asset, for a period of more than 12 months
immediately preceding the date of transfer, will be treated as long-term capital assets for the
computation of capital gains; in all other cases, they would be treated as short-term capital assets.

The tax rates applicable on short term or long term capital gains arising on transfer of units of an
equity oriented fund are stated in the following table:

Nature of income Tax rate$
Short-term capital gains on sale either to the Mutual
Fund or on a recognized stock exchange

Capital gains tax payable at 10 percent*
[applicable to all investors including
Foreign Institutional Investors (FII)]
Long- term capital gains on sale either to the Mutual
Fund or on a recognized stock exchange
No capital gains tax payable by any
investor.

*plus surcharge and education cess as may be applicable (refer Table 2). In case of non-resident
investors, the above rates would be subject to applicable treaty relief. $Additionally, STT would
be payable at the rates specified in para on STT

The tax rates applicable on short term or long term capital gain arising on transfer of units of a
scheme not dealt with above are stated in the following table:

Nature of income Tax rate
Short-term capital gains


In case of FIIs, 30 percent*
For others, taxed at normal tax rates
(as explained in Table 1).
Long-term capital gains In case of FIIs, 10 percent* (without indexation)
In case of others, 20 percent* (with indexation#) or, 10 percent*
(without indexation), whichever less.

* plus surcharge and education cess as may be applicable (refer Table 2). In case of non-resident
investors, the above rates would be subject to applicable treaty relief.
# no indexation benefit for non-resident investors if investment made is in foreign currency.

The withholding tax implication (i.e. TDS) in respect of the capital gains explained above is
discussed below:

(a) Resident Investors: No tax is required to be deducted at source from capital gains arising to
resident investors at the time of repurchase or redemption of the units.

(b) Non-Resident Investors: As per the provisions of Act [Section 195], tax is required to be
deducted at source from the sale proceeds or redemption proceeds paid to non-resident investors.
This withholding is in addition to the STT payable, if any, by the investor. The rates are:

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(i) Foreign Institutional Investors: No tax has to be deducted on redemption/sale proceeds
[Section 196D(2)].

(ii) Non-Resident Indian (NRI) / Person of Indian Origin (PIO): Tax, on short term capital
gains arising out of redemption of units is deducted at the rate of 10% (plus surcharge) for an
equity oriented fund and at 30% (plus surcharge) for a non equity oriented fund. Tax, on long
term capital gains is deducted at the rate of 20% (plus surcharge). However, in case of long term
capital gains on redemption of units of an equity oriented fund, no tax would be deducted.

(iii) Non-Resident Corporates: Tax is deducted at the rate of 40 percent on short term capital
gains and 20 percent on long-term capital gains. The said rates at which capital gains are charged
to tax would be further increased by the applicable surcharge and education cess stated in Table 2
below. No tax would, however, be deducted in case of long term capital gains on redemption of
units of an equity oriented fund.

All the above non-resident investors may also claim the tax treaty benefits available, if any. For
details of applicability and eligibility of such benefits, the investors are requested to consult their
tax advisors.

Provisions regarding Dividend income and Bonus
According to the provisions of Section 94(7) of the Act, losses arising from the sale/redemption
of units purchased within 3 months prior to the record date (for entitlement of dividends) and sold
within 9 months after such date, is disallowed to the extent of income on such units (other than on
sale/redemption) claimed as tax exempt.

According to the provisions of Section 94(8) of the Act, if an investor purchases units within 3
months before the record date (for entitlement of bonus) and sells/redeems the units within 9
months after that date, and by virtue of holding the original units, he becomes entitled to bonus
units, then the loss arising on transfer of original units shall be ignored for the purpose of
computing his income chargeable to tax. In fact, the loss so ignored will be treated as cost of
acquisition of such bonus units.

Table 1:

The individuals (including NRIs/PIOs) and HUFs, are proposed to be taxed in respect of their
total income at the following rates:

Slab Tax rate *
Total income upto Rs.1,10,000# Nil
More than Rs.110,000# but upto Rs.150,000 10 percent of excess over Rs.110,000

More than Rs.150,000 but upto Rs.250,000 20 percent of excess over Rs. 150,000 +
Rs.4,000$
Exceeding Rs.250,000 30 percent of excess over Rs 250,000 +
Rs.24,000$
* plus surcharge and education cess as may be applicable (refer Table 2).
# for females below sixty-five years of age, Rs. 110,000 has to be read as Rs. 145,000 and for
senior citizens above sixty-five years of age, Rs. 110,000 has to be read as Rs.195,000. $ for
females below sixty-five years of age, Rs. 4,000 has to be read as Rs.500 and Rs 24,000 has to be
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read as Rs 20,500. Similarly for senior citizens above sixty-five years of age, Rs. 4,000 has to be
read as nil and Rs 24,000 has to be read as Rs.11,000.

The corporate tax rate for domestic companies is 30 per cent [plus applicable surcharge (as per
Table 2) and education cess]. However, the tax rate applicable to foreign companies is 40 per cent
[plus applicable surcharge (as per Table 2) and education cess].

Table 2: Rate of applicable surcharge:

Assessee Rate of surcharge applicable
Individuals (including NRIS/PIOs), HUFs,
Non-Corporate FIIs where the taxable income
is up to Rs. 1,000,000 per annum
A surcharge by way of education cess of 3
percent is payable on the total amount of tax.
Individuals (including NRIs/ PIOs), HUFs and
Non-corporate FIIs where the taxable income is
in excess of Rs. 1,000,000 per annum
10 percent basic surcharge. An additional
surcharge by way of education cess of 3
percent is payable on the total amount of tax
plus surcharge.
Domestic Companies where the taxable income
is less than or equal to Rs. 10,000,000/-

A surcharge by way of education cess of 3
percent is payable on the total amount of tax.
Domestic Companies where the taxable income
is in excess of Rs. 10,000,000/-

10 percent basic surcharge. An additional
surcharge by way of education cess of 3
percent is payable on the total amount of tax
plus surcharge.
Foreign Companies (including corporate FII)
where the taxable income is less than or equal
to Rs. 10,000,000/-
A surcharge by way of education cess of 3
percent is payable on the total amount of tax.
Foreign Companies (including corporate FII)
where the taxable income is in excess of Rs.
10,000,000/-

2.5 percent basic surcharge. An additional
surcharge by way of education cess of 3
percent is payable on the total amount of tax
plus surcharge.

UNDER THE WEALTH TAX ACT, 1957
Units are not to be treated as assets as defined under Section 2(ea) of the Wealth-Tax Act, 1957
and hence will not be liable to wealth-tax.

B) TAX IMPLICATIONS ON MUTUAL FUND

INCOME EARNED OR RECEIVED BY THE MUTUAL FUND
Benchmark Mutual Fund is registered with SEBI and as such, the entire income of the Fund is
exempt from income tax under Section 10(23D) of the Act. In view of the provisions of Section
196(iv) of the Act, no income tax is deductible at source on the income earned by the mutual
fund.

INCOME DISTRIBUTED BY THE MUTUAL FUND
As per provisions of the Act (Section 115R), Benchmark Mutual Fund will be required to pay
dividend distribution tax (DDT) as follows:

(i) No DDT to be paid on equity oriented funds;

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(ii) DDT at the rate of 28.325% has to be paid on liquid funds and money market funds (including
a surcharge of 10 percent and an additional surcharge by way of education cess of 3 percent on
the amount of tax plus surcharge) on dividend distributed to all category of investors.

(iii) DDT to be paid on funds other than equity oriented funds, money market funds and liquid
funds, at the following rates:

(a) at 14.163 percent (including a surcharge of 10 percent and an additional surcharge by way of
education cess of 3 percent on the amount of tax plus surcharge) on dividend distributed to
individuals and HUFs; and
(b) at 22.66 percent (including a surcharge of 10 percent and an additional surcharge by way of
education cess of 3 percent on the amount of tax plus surcharge) on dividend distributed to
persons other than individuals and HUFs, for instance, corporates.

SECURITIES TRANSACTION TAX
Benchmark Mutual Fund / Investor, is liable to pay a securities transaction tax as follows:

Taxable securities transaction Rate in %
Purchase of an equity share of a company or a unit of an equity oriented
fund, where

(a) the transaction of such purchase is entered into in a recognized stock
exchange; and

(b) the contract for the purchase of such share or unit is settled by the actual
delivery or transfer of such share or unit








0.125
Sale of an equity share of a company or a unit of an equity oriented fund,
where -

(a) the transaction of such sale is entered into in a recognized stock
exchange; and

(b) the contract for the sale of such share or unit is settled by the actual
delivery or transfer of such share or unit

0.125

Sale of an equity share of a company or a unit of an equity oriented fund,
where -

(a) the transaction of such sale is entered into in a recognized stock
exchange; and

(b) the contract for the sale of such share or unit is settled otherwise than by
the actual delivery or transfer of such share or unit








0.025
Sale of a derivative, where the transaction of such sale is entered into in a
recognized stock exchange

0.017

Sale of unit of an equity oriented fund to the Mutual Fund

0.25
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The value of a taxable securities transaction will be as follows:

(i) in the case of a taxable securities transaction relating to "option in securities", the aggregate of
the strike price and the option premium of such "option in securities";

(ii) in the case of taxable securities transaction relating to "futures", the price at which such
"futures" are traded; and

(ii) in the case of any other taxable securities transaction, the price at which such securities are
purchased or sold.

"Taxable securities transaction" has been defined as a purchase or sale of an equity share in a
company or a derivative or a unit of an equity oriented fund, entered into in a recognized stock
exchange; or sale of a unit of an equity oriented fund to the Mutual Fund.

Daily Net Asset Value (NAV) Publication
The NAV will be declared on all business days and will be published in 2 newspapers. NAV can
also be viewed on www.benchmarkfunds.com and www.amfiindia.com. You can also telephone
us at 91-22-6651 2727 or Toll Free 1800-22-5079.

For Investor Grievances please contact
Karvy Computershare Pvt. Ltd.
Karvy Computershare Private Limited
Karvy Registry House
H.No.8-2-596, Avenue 4
Street No.1, Banjara Hills
Hyderabad - 500 034
Tel : 91-40-23312454/23320751/23320752
Fax : 91-40-2339 4436
Email id : benchmarketf@karvy.com
Benchmark Mutual Fund
405, Raheja Chambers
Free Press Journal Marg
213, Nariman Point
Mumbai - 400 021
Tel.: 91-22-6651 2727
Fax: 91-22-2200 3412
Toll Free No.: 1800-22-5079
Email: webmaster@benchmarkfunds.com

Unitholders Information
Accounts statement (on each transaction) and Annual Financial Results will be provided to
investors by post or by e-mail (on receipt of unit holders consent).

Un-audited half-yearly financial results of the Scheme in format prescribed in Twelfth Schedule
of Regulations and half yearly scheme Portfolio as on March 31 and September 30 will be
published in one national English daily newspaper circulating in the whole of India and in a
newspaper published in the language of the region where the Head Office of the Mutual Fund is
situated. The half-yearly financial results will be placed on www.benchmarkfunds.com and link
will be provided on www.amfiindia.com.


Date: April 25, 2007




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Transaction Ref No:
Transaction Date
Transaction Type
Subscription I Redemption I
Authorised Participant Details
Name of Authorised Participant
Demat Account Details
Depository : NSDL I CDSL I
DP ID :
DP Name :
Client ID :
Subscription Details
No. of units (in figure)
No. of units (in words)
Gold Deposited (Kgs) Shipper
Authorised Dealer
Cash Component Payable I Receivable I
Cash Component amount (A) - (Rs) Mode of Payment
Transaction Charges (B) (Rs.) Direct Credit I
Total Cash Component (A + B) (Rs) Cheques I
Cash Component Payment Details
Cheque / DD No Cheque / DD Date
Drawn on Bank / Branch Amount (Rs)
Redemption Details
No. of units (in figure)
No. of units (in words)
Cash Component Payable I Receivable I
Cash Component amount (A) - (Rs) Mode of Payment
Transaction Charges (B) (Rs.) Direct Credit I
Total Cash Component (A - B) (Rs) Cheques I
Cash Component Payment Details
Cheque / DD No Cheque / DD Date
Drawn on Bank / Branch Amount (Rs)
Declaration:
I/We have read and understood the contents of the Offer Document of Gold Benchmark Exchange Traded Scheme. I/We hereby apply to
the Trustee of Benchmark Mutual Fund for the allotment of Units of Gold Benchmark Exchange Traded Scheme, as indicated in this form
and agree to abide by the terms, conditions, rules and regulations of the relevant Scheme.
I/We have not received or been induced by any rebate or gifts, directly or indirectly in making this investment.
I / we hereby agree and confirm that once the delivery of gold is accepted by us against redemption of units, Trustee / AMC / Mutual Fund
/ Custodian / Custodian's Vault Agent has no responsibility or liability for such gold accepted by us.
Signature
Signature of Authorised Participant
APPLICATION FORM

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INSTRUCTIONS
GENERAL
The application should be completed in ENGLISH in BLOCK LETTERS only. Please
tick the appropriate box where boxes have been provided. Please refer to the Key
Information Memorandum and Offer Document carefully before filling in the application
form. All applicants are deemed to have accepted the terms subject to which the offer is
being made and bind themselves to the terms upon signing the application form.
The creation redemption process is restricted to Authorised Participants (AP) / Large
investors. Prior to first creation request, such investors are required to open an account
with the AMC by submitting all relevant constitutional documents, identification details,
bank account details, demat account details PAN details, authorized signatores to accept/
give delivery of gold etc. Any application submitted before confirmation from the AMC
that the account has been opened is liable to be rejected.

MINIMUM APPLICATION SIZE
Application should be for a minimum of 1 creation unit and in multiples of 1 creation unit
thereafter. The unit multiple sizes is as under:
1000 units of Gold BeES : 1 creation unit

SUBMISSION OF APPLICATION
The applicant must submit the duly filled in the creation / redemption request in the
registered office of the AMC before 3:00 pm on any business day. Before submitting a
request, the AP/ Large Investor may intimate the AMC on phone about the proposed
request and on the details of delivery of gold and source, credit of units etc. Details of
AMC persons to be contacted are mentioned below:

Navin Bangera-
022 6651 2734 navin@benchmarkfunds.com

Rajesh Shenoy-
022 6651 2733 rajesh@benchmarkfunds.com

Bhalachandra Prabhu-
022 6651 2738-prabhu@benchmarkfunds.com

Any form received after 3:00 pm will be considered for processing on the next business
day

PORTFOLIO DEPOSIT
The AMC will define the portfolio deposit and cash component applicable for creation
and redemption of units on any business day. The portfolio deposit will be defined in
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terms of kgs of gold. Applicants should ensure that the gold delivered meets gold
delivery norms specified by the AMC. The gold has to be delivered to the Custodian /
authorized agent of Custodian immediately after the creation request is submitted to
AMC, latest by next working day.

GOOD / BAD DELIVERY OF METAL
(i) Delivery would be in bars of weight 100 grams and 1 kg only. The purity of gold bars
delivered should be 0.995.
(ii) Bars are received from a refiner accredited to LBMA
(iii)Details in Assay Certificate matches with the details on the bar with regard to
fineness, bar number, refiner etc.
(iv) Assay certificate is duly signed by the signatory with the refiners logo printed on it.
(v) The Box number / Bar number should match with the Box number / Bar number
listing
(vi) Copy of delivery order issued to vault agent by the investor/counterparty
alongwith a letter from the vault agent of the investor/counterparty certifying
MAWB no., box and bar nos, date of import location of customs clearance and
also stating that all statutory charges have been paid and the respective bars have
been directly imported by the counterparty and have not left the physical custody
of vaulting agent at any time after import. Certified Vault agents would be Lemuir
Secure Logistics, Group 4, Brinks and Government of India Mint.
(vii) Original VAT invoice. The rate of gold indicated therein would be the same as
defined by the AMC in the portfolio deposit.
The above norms are indicative and the AMC reserves the right to alter these without
giving any notice. The AP / Large Investor may verify from the Custodian the good / bad
delivery norms before delivery of gold.
The gold delivered will be verified by the Custodian for compliance with good / bad
delivery norms. The Custodian will have a right to reject any delivery as bad and the
decision of the Custodian in this regard will be final. Where the delivery is rejected by
the Custodian as not meeting good delivery norms, it shall be the responsibility of the
AP / Large Investor to collect the metal from the premises of Custodian / warehouse.
The AMC will on confirmation from the Custodian that the gold submitted meets the
good delivery norms, instruct the Registrar to upload the units in the demat account of the
investor.

CASH COMPONENT
In addition, to the delivery of metal, the AP / Large Investor has to credit the cash
component to the account of the Fund. The amount may be credited to "BMF Gold
BeES" account held with "Bank of Nova Scotia" having A/c no: 0127G005504 or "BMF
Gold BeES" account held with Citibank NA having A/c no: 14159258. Where any cash
component is payable by the Fund, the AMC will arrange to transfer the same to the
account of the investor as intimated to the Fund.

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REDEMPTION
Where an application for redemption is submitted by the AP / Large Investor before 3:00
pm on any business day, the applicant has to simultaneously ensure that the units
underlying the redemption request are transferred to the following account:
Depository
Name
: CDSL
DP ID : 13012400
DP Name : HDFC
Bank Ltd.
Client ID : 00113003
Name of
the Account
: BMF
Gold BEES

Redemption

Where units are not received by the Registrar by end of day, the application is liable to be
rejected.
In case of redemption, the investor will have to take delivery of the metal from the
Custodians authorized agent.
AP / Large Investor are requested to verify the gold alongwith the relevant documents at the time
of accepting the same from the custodian / Custodians Vault Agent. AMC / Fund / custodian
shall have no responsibility for the gold once AP / Large investor has taken delivery of the same.

DELIVERY OF METAL
All deliveries, in case of subscription or redemption, shall be in Mumbai only. In case of
subscription, it shall be the responsibility of the AP / Large Investor to deliver the metal
to the Custodians vaulting agent. Similarly, in case of redemption the AMC will deliver
the metal to the AP / Large Investor at the Custodian s vaulting agent. Bank of Nova
Scotia has appointed Lemuir Secure Logistics as their vaulting agent. The contact details
are as under

Lemuir Secure Logistics Pvt Ltd
Plot No.35, Mahal Industrial Estate Mahakali Road,
Andheri(East) Mumbai 400093

Contact
Person
For
Custody
Tel No. &
E-mail
Address
Fax Nos:
1) Nelson
Murzello
26870020/
26870022
Mob:98702
92532
nelson.murz
ello@bom.l
26870024
14
emuir.com
2) Joel
Zabeth
26870020/
26870022
26870024
3)
Sharookh
Contractor
23866999
Mob:98210
15343
sharookh.co
ntractor@bo
m.lemuir.co
m



Lemuir Secure Logistics will accept / give deliveries of metal on all working days
between 9:00 am to 5:00 pm.