MUTUAL FUNDS
Nippon India MF introduces Silver ETF
Jan-13-2022

Nippon India Mutual Fund (MF) has launched the Nippon India Silver ETF, an open-ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical silver and / or Exchange Traded Commodity Derivatives (ETCD) in Silver. The NFO opens for subscription on January 13, 2022 and closes on January 27, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked to the performance to Domestic price of Silver (based on LBMA Silver daily spot fixing price) and its fund manager is Vikram Dhawan.

The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, before expenses, subject to tracking errors.


  RELATED NEWS >>