Kotak Mahindra Asset Management Company Limited launches Silver ETF Fund of Fund
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Mumbai: Kotak Mahindra Asset Management Company Ltd (KMAMC/Kotak Mahindra Mutual Fund) today announced the launch of Kotak Silver ETF Fund of Fund which is an open-ended fund of fund scheme that invests in units of the Kotak Silver ETF. The New Fund Offer opens for public subscription on March 13, 2023 and closes on March 27, 2023.
In the past, silver as a commodity had provided protection during crises. For instance, during the recent Russia-Ukraine conflict, while the Nifty 50 fell by 10%, silver prices surged by 12% (Source: Bloomberg, Data as on 31st Jan’23)
Investment in Kotak Silver ETF Fund of Fund can be simple and accessible, as it can be done even without a Demat account, like any Mutual Fund scheme. There are also other advantages that the scheme can offer like diversification, easy liquidity, no making charges, and no storage costs.
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd said, “We are launching Kotak Silver ETF Fund of Fund to make it easier for investors to diversify their portfolios with convenient access to this precious metal, which has various industrial applications. The current Silver prices present a potential opportunity for those interested in allocating funds to this asset in the medium to long term.”
Investors may consult their financial expert before making any investment decision.
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