2025-02-21 04:03:52 pm | Source: Accord Fintech
Zerodha Mutual Fund files offer document for Silver ETF
Zerodha Mutual Fund has filed offer document with SEBI to launch an open-ended Exchange Traded Fund named ‘Zerodha Silver ETF’. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load and Exit Load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance of the scheme will be benchmarked against Domestic prices of physical Silver. The minimum application amount is Rs 1000 and in multiples of Rs 1000 thereafter.
The investment objective of the Scheme is to generate returns that are in line with the performance of physical silver in domestic prices.
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