The launch of the Mirae Asset Silver ETF by Mirae Asset Mutual Fund provides investors in India with an opportunity to invest in the domestic price of silver through an open-ended scheme. The NFO for the ETF began on May 29, 2023, and will close on June 06, 2023. After the NFO period, the scheme will reopen for continuous sale and repurchase on June 12, 2023. The Mirae Asset Silver ETF aims to replicate or track the domestic price of silver. The ETF units will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) within five days from the date of allotment. Mr. Ritesh Patel will be the manager of the Mirae Asset Silver ETF. The minimum investment during the NFO is set at Rs. 5,000, and subsequent investments can be made in multiples of Re. 1.
Mirae AM Launches Silver ETF
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ETF Newz Says:
Investing in commodities, such as gold and silver, can provide effective diversification in an investor’s portfolio to counter adverse movements in specific assets or asset classes.