Axis Mutual Fund launches Axis Silver ETF

NFO period: 02^nd September – 15^th September, 2022

Highlights of the NFO:

• Scheme type – An open ended scheme replicating/tracking domestic price of Silver


• Investment objective – To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over medium to long term by investing in Silver is in order to generate returns replicating the performance of physical silver in domestic prices, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Not available.


• Fund Managers – Mr. Pratik Tibrewal


• Benchmark – Domestic Price of Silver (based on LBMA Silver daily spot AM fixing price)