HDFC Mutual Fund launches HDFC Silver ETF

NFO period: 18^th August – 26^th August, 2022

Highlights of the NFO:

• Scheme type – An open ended Exchange Traded Fund replicating/tracking performance of Silver


• Investment objective – 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. There is no assurance that the investment objective of the scheme will be realized.


• Product suitability – The product is suitable for investors who are seeking returns that are commensurate with the performance of Silver, subject to tracking errors, over long term by investing in Silver bullion of 0.999 fineness.


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


• Plan/ Options available – Presently the scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Bhagyesh Kagalkar


• Benchmark – Domestic Prices of physical Silver (based on LBMA Silver daily spot fixing price)