ICICI PRUDENTIAL SILVER ETF – ICICI Prudential Mutual Fund files offer document with SEBI
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch An open-ended scheme replicating/tracking Domestic Price of Silver.
“The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices
There can be no assurance or guarantee that the investment objective of the plan will be achieved.
The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying
The fund manager for this scheme is Mr. Gaurav Chikane
This product is suitable for investors who are seeking Solution for portfolio diversification and Long term wealth creation.
Investment returns that closely track domestic prices of Silver
- The scheme asset allocation will be Silver and instruments with Silver as underlying that may be specified by SEBI# (95-100%)
- Debt & Money Market Instruments including units of Debt oriented Mutual Funds* (0-5%)
The riskometer for this scheme is Moderately to High
Also Read: IDFC SDL plus AAA Bond plus Gilt 2027 Index Fund
| Name of Mutual Fund | ICICI Prudential Mutual Fund |
| Scheme Name | ICICI PRUDENTIAL SILVER ETF |
| About Scheme | An open-ended scheme replicating/tracking Domestic Price of Silver |
| Offer of Unit | Rs.10 |
| Objective | to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There can be no assurance or guarantee that the investment objective of the plan will be achieved. The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying |
| Name of Fund Manager | Mr. Gaurav Chikane |
| This product is suitable for investors who are seeking | Solution for portfolio diversification and Long term wealth creation. Investment returns that closely track domestic prices of Silver, subject to tracking error. |
| The scheme asset allocation will be | Silver and instruments with Silver as underlying that may be specified by SEBI# (95-100%) Debt & Money Market Instruments including units of Debt oriented Mutual Funds* (0-5%) |
| Riskometer | Moderately to High |
| DRHP | Click here |
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