Axis MF introduces Silver Fund of Fund
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Axis Mutual Fund (MF) has launched the Axis Silver Fund of Fund, an open-ended Fund of Fund scheme investing in Axis Silver ETF. The NFO opens for subscription on September 02, 2022 and closes on September 15, 2022. The Entry load is not applicable for the scheme. The Exit load will be 0.25%, if redeemed / switched-out within 7 Days from the date of allotment and nil, if redeemed / switched-out after 7 days of allotment. The minimum subscription amount is Rs 5000 per application and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Domestic Price of Physical Silver (based on LBMA Silver daily spot AM fixing price) and its fund manager is Aditya Pagaria.
The investment objective of the scheme is to track returns generated by Axis Silver ETF.
