UTI Mutual Fund launches UTI Silver ETF Fund of Fund

NFO period: 10^th April – 19^th April, 2023

Highlights of the NFO:

• Scheme type – An open-ended Fund of Fund Scheme investing in UTI Silver Exchange Traded Fund (UTI Silver ETF)


• Investment objective – The investment objective of the scheme is to seek to provide returns that correspond to returns provided by UTI Silver ETF by investing in units of UTI Silver ETF. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital growth returns that are commensurate with the performance of UTI Silver ETF through investment in units of UTI Silver ETF.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan. Both the plans offer only Growth Option.


• Fund Manager – Mr. Sharwan Kumar Goyal


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