Religare Mutual Fund has launched a new open ended ETF scheme Religare Gold Exchange Traded Fund. The new fund offer would remain open from 28th January 2010 to 23rd February 2010. The scheme seeks to generate returns that closely correspond to the returns provided by investment in physical gold in the domestic market, subject to tracking error. It will allocate 90 per cent to 100 per cent of assets in physical gold with medium risk profile.