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News Groww Mutual Fund launches Groww Silver ETF
May 2, 2025
Mutual Fund
Groww Mutual Fund launches Groww Silver ETF
NFO period: 30th April - 06th May, 2025
Highlights of the NFO:
- Scheme type - An open-ended exchange traded fund replicating/ tracking domestic price of Physical Silver.
- Investment objective - The investment objective of the scheme is to generate returns corresponding to the Domestic Price of Physical Silver before expenses, subject to tracking errors, fees and expenses by investing in Physical Silver. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
- Product suitability - This product is suitable for investors who are seeking long term capital appreciation. Investment in silver in order to generate returns similar to the performance of the silver, subject to tracking errors.
- Minimum Application Amount - Rs. 500/- and in multiples of Re. 1/- thereafter.
- Plan/ Options available - The Scheme does not offer any Plans/Options for investment.
- Fund Managers - Mr. Wilfred Gonsalves
- Benchmark - Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) silver daily spot fixing price)
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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