UTI Silver Exchange Traded Fund NFO: Key details you need to know

13 Apr 2023 , 03:10 PM

UTI Mutual Fund is launching NFO under its “ETF category”, named as UTI Silver Exchange Traded Fund. This open-ended fund of fund seeks to generate returns that commensurate with the performance of domestic silver prices.

Investment strategy: The AMC uses a “passive” approach to try and achieve scheme’s investment objective. The Scheme invests in the underlying asset viz. silver regardless of its investment merit. 

Asset allocation: The scheme will invest in silver and silver related instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 7 to 10 years in a mutual fund should invest in UTI Silver ETF. 

Risk associated: Very high level of risk.

Benchmark: Domestic Price of Silver (based on LBMA Silver daily spot fixing price).

Fund Managers: Mr. Niranjan Das.

The NFO is available for subscription from April 10 to April 13. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in UTI Silver ETF.