ICICI Prudential Silver ETF

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About ICICI Prudential Silver ETF

1. The investment objective of the Scheme to generate returns that are in line with the performance of physical silver in domestic prices as derived from the LBMA AM fixing prices
2. The scheme will invest its proceeds in Physical Silver and silver related instruments
3. Unlike holding Physical Silver, an investor can benefit from investing in Silver ETFs as it provides more liquidity and less storage costs

Scheme Highlights

Investment Approach:

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

  • Holding the commodity in form of ETFs provides the investor higher liquidity

  • Silver ETF enables investing in silver without storage costs

  • 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
NFO PeriodJanuary 05, 2022 to January 19, 2022
Type of SchemeAn open-ended scheme replicating/tracking Domestic Price of Silver.
Plans/OptionsCurrently there are no plans/options under the scheme
Fund ManagerMr. Gaurav Chikane
Minimum Application AmountDuring NFO: Rs. 100 and in multiples of Re. 1 thereafter
During Ongoing Offer Period:
On Stock Exchanges: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof.Directly with the Mutual Fund: Authorised Participant(s)/ Investor(s) can buy/sell units of the Scheme in Creation Unit Size viz. 30,000 units and in multiples thereof
Exit LoadNil
BenchmarkDomestic price of silver as derived from the LBMA prices
MICR Cheques/RTGS and Transfer ChequesMICR cheques will be accepted till the end of business hours upto January 14, 2022.
Transfer cheques and Real Time Gross Settlement (RTGS) request will be accepted till the end of business hours upto January 19, 2022
Switches Not applicable
LiquidityTo be listed

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

You can now read more about our ICICI Prudential Silver ETF here – Presentation and Brochure