Groww MF introduces Silver ETF FOF
Groww Mutual Fund has launched Groww Silver ETF FOF, an open-ended fund of fund scheme investing in units of Groww Silver ETF. The NFO opens for subscription on May 02, 2025 and closes on May 16, 2025. The Entry Load is not applicable for the scheme. The Exit load will be 1% - If redeemed within 30 days from the date of allotment and Nil - If redeemed after 30 days from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked at Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) silver daily spot fixing price) and its fund manager is Wilfred Gonsalves.
The investment objective of the Scheme is to provide returns that are in line with returns provided by Groww Silver Exchange Traded Fund.
