Axis Mutual Fund launches Axis Silver Fund of Fund

NFO period: 02^nd September – 15^th September, 2022

Highlights of the NFO:

• Scheme type – An open ended Fund of Fund scheme investing in Axis Silver ETF


• Investment objective – To track returns generated by Axis Silver ETF. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over medium to long term by investing in Axis Silver ETF in order to generate returns similar to the underlying fund, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Reinvestment Facility).


• Fund Managers – Mr. Aditya Pagaria


• Benchmark – Domestic Price of Physical Silver (based on LBMA Silver daily spot AM fixing price)