HDFC Mutual Fund (MF) has launched HDFC Silver ETF Fund of Fund, an open-ended Fund of Fund scheme investing in HDFC Silver ETF. The NFO opens for subscription on October 07, 2022 and closes on October 21, 2022.
The Entry load is not applicable for the scheme. An Exit Load of 2% is payable if Units are redeemed/switched-out within 6 months from the date of allotment, an Exit Load of 1% is payable if Units are redeemed/switched-out after 6 months but within 1 year from the date of allotment and No Exit Load is payable if Units are redeemed/switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 100 and any amount thereafter.
The performance of the scheme would be benchmarked against Domestic Prices of physical Silver (based on LBMA Silver daily spot fixing price and its fund manager is Krishan Kumar Daga.
The investment objective of the scheme is to seek capital appreciation by investing in units of HDFC Silver ETF (HSETF).