Nippon India BeES Silver ETF – Nippon India Mutual Fund files offer document with SEBI
Nippon India Mutual Fund has filed offer document with SEBI to launch An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical silver and / or Exchange Traded Commodity Derivatives (ETCD) in Silver.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to provide investment returns closely corresponding to the returns provided by Domestic price of Silver through physical silver and/or ETCD in Silver, before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
The fund manager for this scheme is Mr. Mehul Dama
This product is suitable for investors who are seeking Portfolio diversification through asset allocation Investment in physical silver
The scheme asset allocation will be Physical Silver and Silver Related Instruments# (95-100%)
Money Market Instruments* including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0-5%)
The riskometer for this scheme is Moderately to High
Also Read: Nippon India Nifty Auto ETF – Nippon India Mutual Fund files offer document with SEBI
| Name of Mutual Fund | Nippon India Mutual Fund |
| Scheme Name | Nippon India BeES Silver ETF |
| About Scheme | An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical silver and / or Exchange Traded Commodity Derivatives (ETCD) in Silver |
| Offer of Unit | Rs.10 |
| Objective | to provide investment returns closely corresponding to the returns provided by Domestic price of Silver through physical silver and/or ETCD in Silver, before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved. |
| Name of Fund Manager | Mr. Mehul Dama |
| This product is suitable for investors who are seeking | Portfolio diversification through asset allocation Investment in physical silver |
| The scheme asset allocation will be | Physical Silver and Silver Related Instruments# (95-100%) Money Market Instruments* including Tri-Party Repo on Government securities or Treasury bills, cash & cash equivalents (0-5%) |
| Riskometer | Moderately to High |
| DRHP | Click here |
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