ICICI Prudential MF introduces SILVER ETF

5/01/2022 11:30:37 AM | Source: Accord Fintech

ICICI Prudential MF introduces SILVER ETF

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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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

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ICICI Prudential MF introduces SILVER ETF

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