SBI Mutual Fund launches SBI Silver ETF Fund of Fund

NFO period: 27^th June – 05^th July, 2024

Highlights of the NFO:

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


• Investment objective – The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by SBI Silver ETF. However, there can be no assurance that the investment objective of the scheme will be realized.


• Product suitability – This product is suitable for investors who are seeking long term capital appreciation by investing in SBI Silver ETF.


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


• Plan/ Options available – Direct Plan and Regular Plan having Growth and Income Distribution cum capital withdrawal (IDCW) option. Under the IDCW option, facility for Payout of Income Distribution cum capital withdrawal option (IDCW Payout), Reinvestment of Income Distribution cum capital withdrawal option (IDCW Re-investment) & Transfer of Income Distribution cum capital withdrawal plan (IDCW Transfer).


• Fund Manager – Mr. Harsh Sethi


• Benchmark – SBI Silver ETF Fund of Fund shall be benchmarked against the domestic price of silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price)