NFO Alert: SBI Mutual Fund Launched SBI Silver ETF

SBI Silver ETF is an open-ended mutual fund scheme launched by SBI Mutual Fund. The scheme aims to generate returns that reflect the performance of physical silver in domestic prices, subject to tracking error. There is no guarantee that the investment objective of the scheme will be achieved. The minimum subscription amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The New Fund Offer will be open for subscription from June 24, 2024 to June 27, 2024.

Investment Objective

The investment objective of the SBI Silver ETF is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme would be achieved.

This NFO of SBI Silver ETF is suitable for investors who are seeking long Term Wealth Creation and investment returns that track domestic prices of Silver, subject to tracking error

Risk-o-meter:

Funds Allocation

Benchmark

The performance of the SBI Silver ETF will be benchmarked to the performance of the price of Silver.

Fund Managers

Ms. Vandna Soni, aged 37, has been managing the scheme since its inception. With an MBA, she joined SBIFML in December 2021 as an Equity Research Analyst. Her role involves tracking commodities and related sectors, including Cement, Metal, Oil, and Gas. She brings a decade of experience in financial services to her current position.

Peer Mutual Fund Schemes 

Data as of June 21, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.