Tata Mutual Fund introduced the launch of the Tata Silver Alternate Traded Fund. The scheme opened for public subscription on January 02, 2024, and can shut on January 09, 2024. The scheme re-opens for steady sale and repurchase from January 17, 2024.
Additionally Learn: Tata Mutual Fund launches the Tata Silver ETF Fund of Fund
What sort of mutual fund scheme is that this?
That is an open-ended exchange-traded fund scheme replicating/monitoring the home value of silver. This product is appropriate for buyers in search of
- Returns which can be in keeping with the efficiency of bodily silver in home costs, topic to monitoring error.
- Funding in silver and silver-related devices
What’s the foremost goal of investing on this fund?
The funding goal of the fund is to generate returns which can be in keeping with the efficiency of bodily silver in home costs, topic to monitoring error. Nonetheless, there isn’t a assurance or assure that the funding goal of the scheme will probably be achieved.
How could one make investments on this scheme?
Buyers can make investments beneath the scheme with a minimal funding of ₹100 per plan/choice and in multiples of Re 1. There is no such thing as a higher restrict for funding.
Beneath regular circumstances, the asset allocation of the scheme will probably be as follows:
| Devices |
Indicative allocations (% of whole belongings) |
Threat Profile | |
|
Minimal |
Most |
||
|
Silver (Consists of Bodily Silver and different Silver-related devices as permitted by SEBI on occasion) |
95% |
100% |
Excessive |
|
Debt & Cash Market Devices together with models of Mutual Funds |
0% |
5% |
Medium |
Are there related mutual funds available in the market?
So far, many asset administration corporations (AMCs) have launched such silver exchange-traded funds (ETFs), thus, permitting inclined buyers to avail of returns comparable to the overall returns of the securities on this specific index. These embody:
|
Mutual Fund Home |
Silver ETF |
|
Nippon India Mutual Fund |
Nippon India Silver ETF |
|
ICICI Prudential Mutual Fund |
ICICI Prudential Silver ETF |
|
Mirae Asset Mutual Fund |
Mirae Asset Silver ETF |
| Supply: Groww.in (As of January 02, 2024) | |
How will the scheme benchmark its efficiency?
The efficiency of the scheme shall be benchmarked to the home value of silver. Since there isn’t a appropriate index obtainable for silver or devices linked to silver, the efficiency of the scheme will probably be benchmarked towards the home value of silver.
Are there any entry or exit masses to this scheme?
This scheme includes no “Entry Load”, which implies that buyers don’t have to pay something to park their earnings on this scheme. The “Exit Load” would even be “Nil”.
Who will handle this scheme?
Tapan Patel is the designated fund supervisor of this scheme.
Does the fund comprise any inherent threat?
The scheme includes “Very Excessive Threat” as per the main points talked about within the Scheme Data Doc and is finest suited to buyers prepared to know that their principal will probably be topic to very excessive threat solely. Nonetheless, buyers ought to seek the advice of their monetary advisors in the event that they doubt whether or not the product is appropriate for them.
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Revealed: 02 Jan 2024, 05:42 PM IST
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