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ICICI Prudential Silver ETF

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  ICICI Pru Mutual Fund Launches India’s First Silver ETF SEBI allowed mutual fund companies to invest in silver ETFs. ICICI Prudential Mutual Fund has come up with a silver ETF.  Silver ETF   As Nifty 50 ETF tracks the Nifty 50 index. Similarly, silver ETF tracks the price of silver by actually holding the commodity in its physical form. The benchmark of silver ETFs is the price of silver-based on LBMA (London Bullion Market Association). A silver ETF invests in physical silver on behalf of its investors. Key Features Scheme Name = ICICI Prudential Silver ETF NFO Period =05-012022 to 19-01-2022 Type of Scheme = An open-ended scheme tracking domestic prices of silver Minimum Application Amount =During NFO: Rs.100 and in multiples of Rs.1                                                                     During on going period: On the stock exchange, the investors can                                                                          buy and sell units of the scheme in a round lo