DSP Financial Mutual Fund files offers document for ‘DSP Silver ETF‘
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DSP Financial Mutual Fund has filed offer document with SEBI to launch an open ended exchange traded fund named ‘DSP Silver ETF‘ . The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price). The minimum application amount is Rs 5000.
The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices.
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