Mirae Asset Mutual Fund introduces Silver ETF
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Mirae Asset Mutual Fund has launched Mirae Asset Silver ETF, an open-ended scheme replicating/tracking Domestic Price of Silver. The scheme opens for subscription on May 29, 2023 and closes on June 06, 2023. The Entry load is not applicable for the scheme. No Exit load will be levied on redemptions made by Market Makers / Large Investors directly with the AMC. The minimum subscription amount is Rs 5,000 and in multiples of Re 1.
The performance of the scheme will be benchmarked to the performance of Domestic Price of Physical Silver (based on London Bullion Market association99 (LBMA) Silver daily spot fixing price) and its fund manager is Ritesh Patel. 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.
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