Axis Mutual Fund launches Axis Silver ETF and Axis Silver Fund of Fund

Key Highlights for Axis Silver ETF:

• Category: An open ended scheme replicating/tracking domestic price of Silver


• Benchmark: Domestic price of physical Silver based on LBMA Silver daily spot AM fixing price


• Fund Manager: Pratik Tibrewal, Fund Manager, Commodities


• NFO open date: 2^nd September, 2022 |NFO close date: 15^th September, 2022


• Minimum Application Amount: INR 500 per application and in multiples of INR 1/- thereafter


• Creation Unit Size: 30,000 units of the ETF (each unit of the ETF will be approximately equal to one gram of Silver) and cash component, if any


• Exit Load: Nil

Key Highlights for Axis Silver Fund of Fund (Axis Silver FoF):

• Category: An open ended fund of fund scheme investing in units of Axis Silver ETF


• Benchmark: Domestic price of physical Silver based on LBMA Silver daily spot AM fixing price


• Fund Manager: Aditya Pagaria, Fund Manager, Fixed Income


• NFO open date: 2^nd September, 2022 |NFO close date: 15^th September, 2022


• Minimum Application Amount: INR 5000 per application and in multiples of INR 1/- thereafter


• Exit Load:


• If redeemed/switched out within 7 days from the date of allotment: 0.25%


• If redeemed/switched out after 7 days from the date of allotment: Nil

Mumbai, September 02, 2022: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis Silver ETF (an open ended scheme replicating/tracking domestic price of Silver) and Axis Silver Fund of Fund (an open ended fund of fund scheme investing in units of Axis Silver ETF), today. Pratik Tibrewal, Fund Manager, Commodities will be managing the Axis Silver ETF and the minimum application amount would be INR 500 per application and in multiples of INR 1/- thereafter. Aditya Pagaria, Fund Manager, Fixed Income will be managing the Axis Silver FoF and the minimum application amount be INR 500and in multiples of Re 1/- per application in the ETF &INR 5,000 and in multiples of INR 1/- thereafter in the FoF. Both the funds will be benchmarked against the LBMA Silver daily spot AM fixing price and both NFOs open for subscription on 02^nd September 2022 and close on 15^th September 2022.

As a precious metal, Silver has always found a place of significance in the Indian culture. However, investing in Silver in its physical form may pose challenges with respect to corrosion over time, safety, purity of the metal, liquidity risk etc. Thankfully, investors can opt to gain exposure to the precious metal via an ETF (Exchange Traded Fund) that aims to generate returns in line with the performance of physical silver in domestic prices, subject to tracing error. Investors who do not have a Demat account can gain exposure by investing in Silver FoF (Fund of Fund).

Fundamental Drivers of the Silver Market

A versatile metal, Silver has widespread usage across multiple sectors, thereby creating a unique opportunity for investors. A testament to its growing importance is that it has gained increased acceptance even in industries like Bio Pharma and Medical Technologies, Power Generation and Clean Energy, and Electric Vehicles and Mobility Technologies by powering new-age technologies to solve global challenges. Furthermore, Silver not only provides diversification to the portfolio but also has the potential to provide a hedge against inflation. One of the key factors that make the economic outlook of silver promising is the expected rise in its demand going forward outpacing supply.

Salient features of the Axis Silver ETF and Axis Silver FoF:

• Funds will invest in industry standard 30 kg Physical silver bullion of 999 parts per 1000 fineness


• Purchase/sale of Silver done with reputed institutions and bullion traders to ensure minimal trading costs and quality


• Hassle free ownership in Demat form*/MF Units**


• Storage, transport and insurance hassles of Silver taken care by Axis AMC


• Exchange liquidity – Investors can buy and sell ETF units on NSE at their convenience

Chandresh Nigam, MD & CEO, Axis AMC said, “Silver’s interesting proposition wherein it has the ability to act as an industrial commodity as well as a precious metal is one of the key factors that we believe will drive its significance. Now that investors have access to investing in Silver via ETFs, it will further increase the metal’s value as a promising asset class in the future. With the launch of Axis Silver ETF and Axis Silver FoF, we aim to seamlessly integrate available market opportunities with an investment strategy that allows investors to gain distinctive exposure to the metal. The new scheme’s approach aligns with our philosophy and we believe, will be a notable addition to our portfolio of products.”

*Axis Sliver ETF units will be available in dematerialized unit form only

**Axis Silver FoF will invest a majority of its assets in Axis Silver ETF and investors will be allotted MF units that can be freely transacted directly with the AMC subject to applicable exit loads, levy’s and taxes as applicable. Units of Axis Silver FoF will not be listed on exchange platforms.

Sources: AMFI, Axis MF Research

Product Labelling & Riskometer:

Note: Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or the model portfolio and the same may vary post NFO when actual investments are made.

Investors will be bearing the recurring expenses of the scheme in addition to the expenses of other schemes in which Fund of Funds scheme makes investment

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Past performance may or may not be sustained in the future.

Stock(s) / Issuer(s)/ Top stocks mentioned above are for illustration purpose and should not be construed as recommendation.