Recently, Axis Mutual Fund announced the launch of Axis Silver ETF (an open-ended scheme replicating/tracking the domestic price of Silver) and Axis Silver Fund of Fund (an open-ended fund of fund scheme investing in units of Axis Silver ETF).
Pratik Tibrewal, Fund Manager, Commodities will be managing the Axis Silver ETF and Aditya Pagaria, Fund Manager, Fixed Income will be managing the Axis Silver FoF. Both the funds will be benchmarked against the LBMA Silver daily spot AM fixing price and both NFOs opened for subscription on 02nd September 2022 and closes on 15th September 2022.
Chandresh Nigam, MD & CEO, Axis AMC said, “With the launch of Axis Silver ETF and Axis Silver FoF, we aim to seamlessly integrate available market opportunities with an investment strategy that allows investors to gain distinctive exposure to the metal. The new scheme’s approach aligns with our philosophy and we believe, will be a notable addition to our portfolio of products.”
- Funds will invest in industry standard 30 kg Physical silver bullion of 999 parts per 1000 fineness
- Purchase/sale of Silver done with reputed institutions and bullion traders to ensure minimal trading costs and quality
- Hassle-free ownership in Demat form*/MF Units**
- Storage, transport and insurance hassles of Silver taken care of by Axis AMC
- Exchange liquidity – Investors can buy and sell ETF units on NSE at their convenience
