MUTUAL FUNDS
HDFC MF introduces Silver ETF
Aug-18-2022

HDFC Mutual Fund (MF) has launched the HDFC Silver ETF, an open-ended exchange traded fund (ETF) replicating/tracking performance of Silver. The NFO opens for subscription on August 18, 2022 and closes on August 26, 2022. The Entry load and the Exit load is not applicable for the scheme. The minimum subscription amount is Rs 500 per application and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Domestic Prices of physical Silver (based on LBMA Silver daily spot fixing price) and its fund manager is Bhagyesh Kagalkar.

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.


 

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