Edelweiss Mutual Fund launches Silver ETF for Digital Investment

Edelweiss Mutual Fund has introduced a new fund called Edelweiss Silver ETF. This fund is designed to encourage people to invest in silver using digital methods.

It’s an open-ended exchange-traded fund (ETF), which means investors can withdraw or redeem their investment whenever they wish.

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The subscription for this New Fund Offer (NFO) started on November 16, 2023, and will end on November 20, 2023.

You can begin investing with just ₹5,000

According to Edelweiss Mutual Fund, you can start investing in Edelweiss Silver ETF with a minimum of Rs 5,000, and you can increase your investment in multiples of Re 1.

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The benchmark for this fund is the domestic market price of silver. The goal is to generate returns in line with the prices of physical silver in the domestic market.

However, it’s important to note that there is no guarantee that the scheme will achieve its objective, and there is no exit load.

Who should consider investing?

Edelweiss Mutual Fund suggests that the Edelweiss Silver ETF is suitable for investors seeking long-term capital appreciation.

This fund aims to provide returns based on the performance of the ETF by investing in units of Edelweiss Silver ETF.

If investors have any uncertainties about the scheme, it’s advisable to consult with their financial advisor. The fund manager for this scheme is Ashish Sood.

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