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.
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
|Scheme Name||ICICI Prudential Silver ETF FOF|
|NFO Period||January 13, 2022 to January 27, 2022|
|Type of Scheme||An Open ended fund of fund scheme investing in units of ICICI Prudential Silver ETF|
|Plans/ Options||Plans: Regular & Direct|
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
|Fund Manager||Manish 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:
|Benchmark||Domestic price of silver as derived from the LBMA prices.|
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 Amount||Any Amount|
For details of other schemes managed by the same fund managers, click here.