October 3, 2022
mayank
Nippon India Silver ETF
NAV Growth: Rs 56.0725
Fund’s Investment Strategy:
The scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, before expenses, subject to tracking errors.
Fund Manager:
1) Vikram Dhawan
Education: Mr Dhawan has done B.E (Mechanical) and PGD Material Management.
Experience: Prior to joining Nippon India Mutual Fund he has worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery (Shirpur Gold Refinery), N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 02-Feb-22 |
| Return Since Launch | -8.49% |
| Benchmark | Domestic Price of Silver Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 412 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.51% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Nippon India Silver ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Silver ETF | — | 1.13 | 3.42 | -5.32 | -16.5 | — | — | — | — | — |
| Commodities: Silver | — | 1.47 | 3.14 | -4.57 | -16.15 | — | — | — | — | — |
| Rank within category | — | 10 | 1 | 6 | 4 | — | — | — | — | — |
| Number of funds in category | 0 | 10 | 7 | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
Nippon India Silver ETF Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Nippon Ind Silver ETF | Unrated | — | — | — | 0.51 | 412 | -8.49 | — | 0yrs 8mo | — |
| ICICI Pru Silver ETF | Unrated | — | — | — | 0.40 | 487 | -11.79 | — | 0yrs 8mo | — |
Chanakya’s Mutual Fund Guidance For Nippon India Silver ETF
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