October 3, 2023
RA Jainee
Nippon India Silver ETF FoF
NAV Growth: Rs 9.1034
NAV IDCW: Rs 9.1034
Fund’s Investment Strategy:
The scheme seeks to provide returns that closely correspond to returns provided by Nippon India Silver ETF by investing in units of Nippon India Silver ETF.
Fund Manager:
1) Mehul Dama
Education: Mr. Dama has done C.A. & B.Com
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Goldman Sachs Asset Management(India) Private Ltd. as Vice President, Benchmark Asset Management Company Private Ltd. as Assistant Vice President and Lovelock & Lewes as Assistant Manager.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House | Nippon India Mutual Fund |
| Launch Date | 03-Feb-22 |
| Return Since Launch | -8.97% |
| Benchmark | Domestic Price of Silver Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 169 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio | 0.13% |
| (As on 31-Aug-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Nippon India Silver ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon Ind Silver ETF FoF Dir | — | 1.24 | 3.17 | -4.94 | -15.35 | — | — | — | — | — |
| Commodities: Silver | — | 1.81 | 3.17 | -4.66 | -15.19 | — | — | — | — | — |
| Rank within category | — | 4 | 2 | 3 | 3 | — | — | — | — | — |
| Number of funds in category | 0 | 4 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
Nippon India Silver ETF FoF 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 FoF Dir | Unrated | — | — | — | 0.13 | 169 | -8.97 | 1.00 (15) | 0yrs 8mo | — |
Chanakya’s Mutual Fund Guidance For Nippon India Silver ETF FoF
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