ICICI Prudential MF introduces SILVER ETF
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential SILVER ETF, an open-ended scheme replicating/tracking Domestic Price of Silver. The NFO opens for subscription on January 05, 2022 and closes on January 19, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 100 plus in multiples of Re 1.
The performance of the scheme shall be benchmarked against the price of silver (based on LBMA Silver daily spot fixing price) and its fund manager is Gaurav Chikane.
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.
