ICICI Prudential Silver ETF FOF

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About ICICI Prudential Silver ETF FOF

ICICI Prudential Silver ETF Fund of Fund enables investments from Non Demat account investors. An open-ended fund of fund scheme investing in units of ICICI Prudential Silver ETF. Fund helps in long term wealth creation.
Invest in a fund of fund scheme with the primary objective of generating returns by investing in units of ICICI Prudential Silver ETF.

Scheme Highlights

Investment Approach:

1. ICICI PRUDENTIAL SILVER ETF FUND OF FUND

  • THE FOF invests in an Open-ended Fund of Fund scheme that invests in units of ICICI Prudential Silver ETF

2. ICICI PRUDENTIAL SILVER ETF

  • THE UNDERLYING ETF invests as an open-ended scheme replicating/tracking Domestic Price of Silver and investing in and Exchange Traded Commodity Derivatives with Silver

3. DOMESTIC PRICE OF SILVER

  • THE UNDERLYING INDEX tracks price - It tracks the price of physical silver in domestic prices as derived from the LBMA AM fixing prices

WhyInvest?

  • Silver is a tangible asset. It has a diverse array of applications.

  • Act as potential Hedge against inflation

  • Majority of silver is consumed and not available for recycling.

  • Investor need not worry about purity or quality

  • Investing in silver is prudent investment during crisis

  • Diversifying portfolio with silver can reduce overall portfoilio risk

  • Silver is used for Solar panels, medical instruments, switches, satellites etc

KeyFeatures

Scheme Name ICICI Prudential Silver ETF FOF
NFO PeriodJanuary 13, 2022 to January 27, 2022
Type of SchemeAn Open ended fund of fund scheme investing in units of ICICI Prudential Silver ETF
Plans/ OptionsPlans: Regular & Direct
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
Fund ManagerManish Banthia and Nishit Patel
Minimum Application Amount, Including Switches During NFO/ During Ongoing Offer Period:
Rs. 100/- ( plus in multiple of Re. 1) Minimum application amount is applicable for switches made during the New Fund Offer period as well.
Minimum Additional Application,Including Switches Rs. 100/- and in multiples of Re. 1/-
SIP During NFO/ During Ongoing Offer Period:
  • Daily, Weekly, Fortnightly, Monthly SIP$: Rs. 100/- (plus in multiple of Re. 1/-) Minimum installments: 6
  • Quarterly SIP$: Rs. 5,000/- (plus in multiple of Re. 1/-) Minimum installments – 4
$The applicability of the minimum amount of installment mentioned is at the time of registration only
BenchmarkDomestic price of silver as derived from the LBMA prices.
Exit Load
  • f units purchased or switched in from another scheme of the Fund are redeemed or switched within 15 days from the date of allotment – 1% of the applicable NAV
  • f units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment – Nil

However, the Trustee shall have a right to prescribe or modify the load structure with prospective effect subject to a maximum prescribed under the Regulations.
Minimum Redemption AmountAny Amount

For details of other schemes managed by the same fund managers, click here.

You can now read more about our ICICI Prudential Silver ETF FOF here – Presentation and One Pager

Know more about SID & KIM of ICICI Prudential Silver ETF FOF here - SID and KIM