UTI Mutual Fund launches UTI Silver Exchange Traded Fund

NFO period: 10^th April – 13^th April, 2023

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. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking Investors seeking returns that are in line with the performance of physical silver over the long term, subject to tracking errors by investing predominantly in Physical Silver and Silver related instruments.


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


• Plan/ Options available – Not available.


• Fund Manager – Mr. Niranjan Das


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