Preeti Kapoor

  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

Silver ETF silver exchange-traded funds Silver not only acts as a precious metal but also has many industrial uses. Its demand spans jewellery, industry, and investment. Silver ETFs will enable small investors too to participate in the rally of the commodity. Market regulator SEBI, in its board meeting on September 28, approved the launch of silver exchange-traded funds in India.  So, far only gold ETFs have been available. Like gold ETFs silver ETFs too will give the benefits of price efficiency and liquidity. Currently, Indian mutual funds are allowed to launch ETFs tracking gold.  SEBI approved an amendment to mutual fund rules to enable the introduction of silver ETFs. The silver ETF will be backed by physical silvers. This will increase the existing volumes of silver and bullion index as many arbitrage opportunities will exist with the introduction of silver