Nippon India Mutual Fund launches Nippon India Silver ETF FOF

NFO period: 13^th January – 27^th January, 2022

Highlights of the NFO:

• Scheme type – An open ended fund of funds scheme investing in units of Nippon India Silver ETF


• Investment objective – The investment objective of the scheme is to seek to provide returns that closely correspond to returns provided by Nippon India Silver ETF by investing in units of Nippon India Silver ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital growth returns that are commensurate with the performance of Nippon India Silver ETF through by investing in units of Nippon India Silver ETF.


• Minimum Application Amount – First investment is Rs. 100/- and multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal Option with Payout of Income Distribution cum Capital Withdrawal Option and Re-investment of Income Distribution cum Capital Withdrawal Option.


• Fund Managers – Mr. Mehul Dama


• Benchmark – Domestic Price of Silver (based on LBMA Silver daily spot fixing price)