June 22, 2024
mayank
SBI Silver ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the SBI Silver ETF Open Date, Close Date?
NFO opens on June 24, 2024
NFO will close on June 27, 2024
What is the Investment Strategy?
The scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.
Basic Details
| Fund House | SBI Mutual Fund |
| Issue Open | 24 June 2024 |
| Issue Close | 27 June 2024 |
| Type | Open-ended |
| Category | Commodities: Silver |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Domestic Price of Silver |
What is the Benchmark Index of SBI Silver ETF?
Silver has been used for thousands of years for ornaments and utensils, trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold. Silver is a brilliant grey-white metal that is soft and malleable. Its unique properties include its strength, malleability, ductility, electrical and thermal conductivity, sensitivity, high reflectance of light, and reactivity.
India is not a major silver exporter in pure form, although it exports silver jewellery. In terms of mine production, India is ranked 14th and is ranked third in terms of demand and imports. India imports Silver (unwrought or semi-manufactured) from countries such as China, United Kingdom, Russian Federation, Germany and Rep of Korea, while it exports silver jewellery to countries such as US, Hong Kong, UAE.
The major countries producing Silver are Mexico, Peru, China, Chile and Russia. Major consuming countries are United States, China, India, Japan and Russia. Major Silver exporting countries are Mexico, Rep of Korea, Canada, China and Hong Kong.
The market participants engaged in import, exports, domestic trading, and manufacturing of silver and silver jewelleries are exposed to price risk. Commodity derivatives product provide an effective hedging tool much to the advantage of market participants.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | |||||
| Total Return |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | |||
| Beta (NIFTY 50) | |||
| Correlation (NIFTY 50) |
Fundamentals
| P/E | P/B | Dividend Yield |
Study about Benchmark Index in details
Performance Review of the Fund Manager of SBI Silver ETF?
1) Vandna Soni
Education: Ms. Soni has done MBA
Experience: Prior to joining SBI MF, she was working with SBICAP Sec. Ltd. ,Antique Stock Broking and CRISIL GR&A
Past Performance of his Schemes
| Fund | SBI Equity Savings Fund | It’s Benchmark | SBI Gold ETF | It’s Benchmark |
| 1 Year | 18.72 | 15.26 | 21.99 | 21.18 |
| 3 Year | 10.72 | 9.69 | 14.31 | 14.69 |
| 5 Year | 11.22 | 9.64 | 15.33 | 16.67 |
| 7 Year | 9.33 | 9.20 | 12.97 | 13.81 |
| 10 Year | — | — | 8.89 | 10.01 |
As on 22-06-2024
Which Company Owns SBI Silver ETF?
SBI Funds Management Ltd
Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051
Website: http://www.sbimf.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in SBI Silver ETF NFO?
Guidance for SBI Silver ETF by Paresh Gordhandas, C.A., Research Analyst.
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