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Zerodha Silver ETF: The new fund is available for subscription from March 10 to March 18, with a minimum investment requirement of Rs 1,000.
Zerodha’s silver ETF scheme will allocate 90-100 per cent of its investments to silver and silver-related instruments.
Zerodha Fund House has launched its Silver Exchange-Traded Fund (ETF), an open-ended scheme designed to track domestic silver prices. The new fund is available for subscription from March 10 to March 18, with a minimum investment requirement of Rs 1,000.
The primary objective of the ETF is to generate returns that mirror silver’s performance in the Indian market, subject to tracking errors, the company said in a release.
“Silver has the potential to play a role in both investment portfolios and modern industries. With its dual identity as both an industrial metal and a precious metal, our silver ETF provides investors with a valuable tool to diversify their portfolios and capitalise on the metal’s unique characteristics,” said Zerodha Fund House CEO Vishal Jain.
The scheme will allocate 90-100 per cent of its investments to silver and silver-related instruments, while the remaining portion will be invested in debt securities, money market instruments, cash, and cash equivalents.
Silver prices have surged in recent months, with the metal currently trading near Rs 99,000 per kg. The ETF offers investors an opportunity to tap into this rising demand. The starting Net Asset Value (NAV) is set at Rs 10 per unit, with investments allowed in multiples of Rs 1,000 thereafter.
Investors can subscribe to the scheme through Zerodha Coin and CAMS. “As demand for silver accelerates across technology and clean energy, our new Silver ETF provides investors an opportunity to participate in this evolving market,” said Zerodha Fund House CBO Vaibhav Jalan.
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