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NFO Alert: SBI Mutual Fund Launched SBI Silver ETF

08 July 20245 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
NFO Alert: SBI Mutual Fund Launched SBI Silver ETF
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SBI Silver ETF is an open-ended mutual fund scheme launched by SBI Mutual Fund. The scheme aims to generate returns that reflect the performance of physical silver in domestic prices, subject to tracking error. There is no guarantee that the investment objective of the scheme will be achieved. The minimum subscription amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The New Fund Offer will be open for subscription from June 24, 2024 to June 27, 2024.

Investment Objective

The investment objective of the SBI Silver ETF is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme would be achieved.

This NFO of SBI Silver ETF is suitable for investors who are seeking long Term Wealth Creation and investment returns that track domestic prices of Silver, subject to tracking error

Risk-o-meter:

Funds Allocation

Types of Instruments Risk Profile Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Silver and / or silver related instruments Very High 95 100
Government. Securities including Triparty Repo, and units of liquid mutual fund Low 0 5

Benchmark

The performance of the SBI Silver ETF will be benchmarked to the performance of the price of Silver.

Fund Managers

Ms. Vandna Soni, aged 37, has been managing the scheme since its inception. With an MBA, she joined SBIFML in December 2021 as an Equity Research Analyst. Her role involves tracking commodities and related sectors, including Cement, Metal, Oil, and Gas. She brings a decade of experience in financial services to her current position.

Peer Mutual Fund Schemes 

Scheme Name Launch Date AUM (Crore)  TER (%) 1 Yr Rtn. (%) Since Launch Rtn. (%)
Axis Silver ETF 20-09-2022 113.83 0.35 27.76 31.53
ICICI Prudential Silver ETF 21-01-2022 2,644.07 0.4 27.44 14.83
Kotak Silver ETF 12-12-2022 538.9 0.45 27.33 19
Mirae Asset Silver ETF 09-06-2023 63.51 0.42 27.33 21.32
DSP Silver ETF 19-08-2022 150.98 0.5 27.28 28.27
Nippon India Silver ETF 05-02-2022 2,731.83 0.51 27.24 16.86
UTI Silver ETF 17-04-2023 77.11 0.54 27.13 17.4
ABSL Silver ETF 28-01-2022 382.71 0.35 26.62 17.36
HDFC Silver ETF Gr 02-09-2022 195.97 0.4 26.21 33.53
Edelweiss Silver ETF 21-11-2023 49.8 0.39 22.11

Data as of June 21, 2024

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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