December 27, 2023
mayank
Tata Silver ETF FoF 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
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Tata Silver ETF FoF Open Date, Close Date?
NFO opens on January 02, 2024
NFO will close on January 16, 2024
What is the Investment Strategy?
The Scheme seek to provide returns that are in line with returns provided by Tata Silver Exchange Traded Fund.
Basic Details of Tata Silver ETF FoF?
| Fund House | Tata Mutual Fund |
| Issue Open | 02 January 2024 |
| Issue Close | 16 January 2024 |
| Type | Open-ended |
| Category | Commodities: Silver |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 365 days |
| Riskometer | Very High |
| Benchmark | Domestic Price of Silver |
What is the Benchmark Index?
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.
Performance Review of the Fund Manager of Tata Silver ETF FoF?
1) Tapan Patel
Education: Mr. Patel has done BBA, CFA and MFA from ICFAI
Experience: Prior to joining Tata Mutual Fund, he has worked with HDFC Securities Ltd, LKP Securities Ltd, Kotak Commodity Services Pvt. Ltd and Edelweiss Comtrade Ltd.
Past Performance of his Schemes
| Fund | Tata Multi Asset Opportunities Fund | It’s Benchmark | Tata Equity Savings Fund | It’s Benchmark |
| 1 Year | 19.28 | 17.56 | 12.51 | 11.86 |
| 3 Year | 18.38 | 16.13 | 10.08 | 9.47 |
| 5 Year | — | — | 9.58 | 9.44 |
| 7 Year | — | — | 8.49 | 9.32 |
| 10 Year | — | — | 8.74 | 9.39 |
Which Company Owns Tata Silver ETF FoF?
Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021
Website: http://www.tatamutualfund.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 Tata Silver ETF FoF NFO?
Guidance for Tata Silver ETF FoF by Paresh Gordhandas, C.A., Research Analyst.
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