ICICI Prudential Mutual Fund launches ICICI Prudential Silver ETF

NFO period: 05^th January – 19^th January, 2022

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Domestic Price of Silver


• Investment objective – The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There can be no assurance or guarantee that the investment objective of the plan will be achieved. The scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying.


• Product suitability – This product is suitable for investors who are seeking by investing returns that closely track domestic prices of Silver, subject to tracking error. Aiming for diversification of investment portfolio.


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


• Plan/ Options available – Currently, there are no plans/ options under the scheme.


• Fund Managers – Mr. Gaurav Chikane


• Benchmark – LBMA AM fixing Prices