January 5, 2022
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ICICI Prudential MF silver ETF opened for subscription on 5th January
Leading Asset Management Company, ICICI Prudential Mutual Fund announced the launch of India’s first Silver ETF.
Silver ETFs provide investors with exposure to silver. These funds track the price changes of silver, allowing investors to profit from price appreciation of the precious metal without having to own the physical asset
The ICICI Prudential Silver ETF is an open ended scheme that will track the domestic prices of silver. The scheme will invest its proceeds in physical silver and silver-related instruments.
NFO Opens on January 5, 2022, 
NFO Closes on January 22,2022
Investment Objective :
The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices as derived from the LBMA (London Bullion Market Association) AM fixing prices.
Returns on silver
Silver, has appreciated by 72.7% during the decade. However, it has delivered negative returns in five out of the last 10 years. During 2013, silver prices fell by 24.3 per cent, its biggest tumble in the decade.
The highest price of silver during the decade was recorded on 25 April 2011, when it clocked Rs 74,000 per kg due to the effects of the global financial crisis. In the remaining five years, silver has delivered a return in the range of 8.8% in 2011 to a massive 71% in 2010.
Barring 2016, silver delivered losses to investors between 2013 and 2018. The losses were in the range of 2.1% to 24.3%. The calendar year 2016 was an exception during the said period; investors got a 20% return during the year.
In absolute terms, if an investor had invested Rs 1 lakh in silver on January 1, 2010, the returns would now be Rs 1,74,460.
Compared to Silver ,BSE Sensex has appreciated by 130% in the last 10 years, but gold has outdone it with 134% returns.
Why Silver ETF, as compared to physical Silver ?
Unlike holding physical silver, an investor can benefit from investing in silver ETFs as it provides more liquidity and less storage cost.
The silver ETF will be one of the preferred ways for investors to take exposure to silver as one need not worry about the bulky nature of silver, purity, quality or liquidity of the investment.
Silver is among the preferred option globally when it comes to investing in precious metals.This is because silver is considered as a store of value, hedge against inflation and has very limited co-relation with other asset classes.
Pros ( Positive Aspects in favour of investing )
If the investors wish to allocate some of his funds, in different class of Assets such as bullion, real-estate etc, such Silver ETF is safe avenue to invest his funds ,compared to physical holding of Silver.
Moreover, we Indians are proud of investment in Gold & Silver, which has storage costs and also Safety issues. Now you can invest in Silver ETFs and satisfy these feelings .
Cons ( Which Negative aspects the Investors must understand ??)
After strong bull run, now precious metals like Gold and Silver are expected to show downward journey due to factors like reduction in safe heaven demand and tappering of Bond Borrowings by US Federal Reserve. The Investors make investment in any asset-class, to make money and if the precious metals like Gold and Silver move southward, then there are chances that the investors of this ETF may lose money in near future.
In the table below, we have compiled the figures of world’s leading Silver ETFs, Assets under their management and YTD returns they have earned.
iShares Silver Trust AUM $12,169.30 YTD Return -13.15%
Aberdeen Standard Physical Silver Shares ETF AUM $984.41mn YTD Return -12.95%
ProShares Ultra Silver AUM $499.24mn YTD Return -33.48%
ProShares UltraShort Silver AUM $27.84mn YTD Return -0.11%
Invesco DB Silver Fund AUM $ 18.98 mn YTD Return -14.48%
During last week, DSP Mutual Fund has filed the draft scheme information document with Sebi for DSP Silver ETF — an open-ended exchange traded fund replicating of tracking domestic prices of the precious metal.
After NFO silver reached 70000 from 60000 per kg ….NOW Again silver rate around 60000….BUY AND SELL MAKES PROFIT IF YOU ACTIVLY MANAGE….
Invest at NFO AND SURE WILL BE PROFITABLE….