SBI Mutual Fund’s Latest Offering: SBI Silver ETF Fund of Fund
In response to the increasing demand for metals that act as an inflation buffer in today’s global economic environment, SBI Mutual Fund has introduced a new open-ended fund of funds plan that invests in SBI Silver ETFs. The scheme’s new fund offer is set to open for subscriptions on June 27 and will close on July 5.
The SBI Silver ETF Fund of Fund will invest at least 95% and up to 100% of its assets in silver and/or silver-related products, with a small percentage allocated to government securities and liquid mutual funds. The minimum application amount during the NFO period is Rs. 5,000 per application, followed by multiples of Re. 1 thereafter.
Silver is not only a precious metal but also an industrial one, with potential growth opportunities in sectors like electronics and renewable energy. D P Singh, Deputy MD & Joint CEO of SBI Mutual Fund, mentioned, “Investing through an ETF and Fund of Fund gives investors a low-cost investment option and the advantage of liquidity.”
Shamsher Singh, MD & CEO of SBI Mutual Fund, emphasized the importance of metals as an inflation hedge in today’s economic landscape. He pointed out that unlike Gold, Silver has numerous industrial applications that increase its long-term value. Investors looking to diversify into commodities can now take advantage of the SBI Silver ETF or Fund of Fund offering to tap into the metal’s growth prospects.
Overall, the launch of the SBI Silver ETF Fund of Fund provides investors with a unique opportunity to participate in the potential growth of silver in the coming years.
