Mirae Asset Mutual Fund launches Mirae Asset Silver ETF

NFO period: 29^th May – 06^th June, 2023

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking domestic price of silver


• Investment objective – To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The scheme does not guarantee or assure any returns.


• Product suitability – This product is suitable for investors who are seeking investors seeking returns that are in line with the performance of silver over the long term, subject to tracking errors by investing in physical silver of 99.9% purity (fineness).


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


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Manager – Mr. Ritesh Patel


• Benchmark – Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price.)