Nippon India Mutual Fund launches Nippon India Silver ETF

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

Highlights of the NFO:

• Scheme type – An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical silver and / or Exchange Traded Commodity Derivatives (ETCD) in 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, before expenses, subject to tracking errors. However, there can be 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 portfolio diversification through asset allocation by investing in physical silver.


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


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


• Fund Managers – Mr. Vikram Dhawan


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