ICICI Prudential Mutual Fund launches ICICI Prudential Silver ETF Fund of Fund

NFO period: 13^th January – 27^th January, 2022

Highlights of the NFO:

• Scheme type – An open ended fund of fund scheme investing in units of ICICI Prudential Silver ETF


• Investment objective – ICICI Prudential Silver ETF Fund of Fund (the scheme) is a fund of fund scheme with the primary objective to generate returns by investing in units of ICICI Prudential Silver ETF. However, there is no assurance or guarantee that the scheme will achieve its investment objective.


• Product suitability – This product is suitable for investors who are seeking long term wealth creation solution by investing in a fund of fund scheme with the primary objective of generating returns by investing in units of ICICI Prudential Silver ETF.


• Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-option.


• Fund Managers – Mr. Manish Banthia and Mr. Nishit Patel


• Benchmark – LBMA Silver Price