Mirae Asset Silver ETF – Mirae Asset Mutual Fund files offer document with SEBI
Mirae Asset 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
This product is suitable for investors who are seeking Returns that are commensurate with the performance of silver subject to tracking errors, over long-term.
Investments predominantly in Silver bullion of 0.999 fineness
The scheme asset allocation will be Silver* (95-100%)
Money market instruments including Tri Party REPO/ debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.(0-5%)
The riskometer for this scheme is Moderately to High
Also Read: Navi Total Market Index Fund – Navi Mutual Fund files offer document with SEBI
| Name of Mutual Fund | Mirae Asset Mutual Fund |
| Scheme Name | Mirae Asset 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 |
| This product is suitable for investors who are seeking | Returns that are commensurate with the performance of silver Investments predominantly in Silver bullion of 0.999 fineness |
| The scheme asset allocation will be | Silver* (95-100%) Money market instruments including Tri Party REPO/ debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.(0-5%) |
| Riskometer | Moderately to High |
| DRHP | Click here |
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