MUTUAL FUNDS
Groww Mutual Fund files offer document for Silver ETF
Apr-04-2025
Groww Mutual Fund has filed offer document with SEBI to launch an open-ended exchange trade fund named ‘Groww Silver ETF'. Offer for Sale of Units at Approximately 1 Gram Silver Price per unit as on the date of allotment for applications received during NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Domestic Price of Physical Silver. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate returns, corresponding to the Domestic Price of Physical Silver before expenses, subject to tracking errors, fees and expenses by investing in Physical Silver. 

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