MUTUAL FUNDS
Groww Mutual Fund files offer document for Silver ETF FOF
Apr-04-2025
Groww Mutual Fund has filed offer document with SEBI to launch an open-ended fund of fund named ‘Groww Silver ETF FOF'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load will be nil and Exit load If redeemed within 30 days from the date of allotment will be 1%; If redeemed after 30 days from the date of allotment will be NIL. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 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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