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Edelweiss Mutual Fund (MF) has launched Edelweiss Silver ETF, an open-ended exchange traded fund replicating/tracking domestic prices of Silver. The NFO opens for subscription on November 16, 2023 and closes on November 20, 2023. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Price of Silver (based on LBMA Silver daily spot fixing price) and its fund manager is Ashish Sood (For Commodities).

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.