MUTUAL FUNDS
Union Mutual Fund files offer document for Silver ETF Fund of Fund
Dec-10-2025

Union Mutual Fund has filed offer document with SEBI to launch an open ended fund of fund scheme named ‘Union Silver ETF Fund of Fund’. The New Fund Offer price for units would be Rs 10 each during the New Fund Offer Period. Entry load will be nil and Exit load will be 1% if redeemed or switched out on or before completion of 1 year from the date of allotment of units, and Nil if redeemed or switched out after completion of 1 year from the date of allotment of units. The Scheme offers Growth and Income Distribution cum Capital Withdrawal (IDCW) for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against physical silver. The minimum application amount is Rs 1000 and in multiples of Rs 1 thereafter.

The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices.

  RELATED NEWS >>