Edelweiss Mutual Fund Files Draft for Gold and Silver ETF FOF

Edelweiss Mutual Fund has filed draft documents with the Securities and Exchange Board of India (SEBI) to launch two new schemes, Edelweiss Gold ETF Fund of Fund and Edelweiss Silver ETF Fund of Fund. Both are open-ended schemes under the Fund of Funds category that will invest primarily in the respective Edelweiss Gold and Silver Exchange Traded Funds. 

Scheme Objective 

The objective of the Edelweiss Gold ETF Fund of Fund is to generate long-term capital appreciation by investing in units of the Edelweiss Gold ETF, which further invests in physical gold.  

The Edelweiss Silver ETF Fund of Fund seeks to generate returns by investing in units of the Edelweiss Silver ETF, which tracks silver prices based on the London Bullion Market Association (LBMA) daily spot price. 

Asset Allocation and Risk 

Both schemes will maintain a minimum of 95% allocation in their respective ETFs, with up to 5% in money market instruments, cash, or liquid schemes. The risk level for both products is categorised as high, as per the AMFI Riskometer. The benchmark for the Gold FoF will be the domestic price of gold, while the Silver FoF will track the LBMA silver spot price. 

Investment Details 

The minimum investment amount during the New Fund Offer (NFO) and on an ongoing basis is ₹100, with subsequent investments in multiples of ₹1. Systematic Investment Plans (SIPs) will also be available starting from ₹100. The exit load will be 0.10% if redeemed or switched within 15 days from the date of allotment, and nil thereafter. 

NAV, Liquidity, and Expenses 

The Net Asset Value (NAV) will be declared daily and published on both the Edelweiss Mutual Fund and AMFI websites. Redemption proceeds will be dispatched within three working days, and delays will attract interest at 15% per annum. The total expense ratio (TER) will be capped at 1% of daily net assets, with additional permissible charges under SEBI guidelines. 

Fund Management 

Both funds will be managed by Bhavesh Jain and Bharat Lahoti of Edelweiss Asset Management Limited. The schemes were approved by the Edelweiss Trusteeship Company on November 14, 2025. 

Read More:  Samco Small Cap Fund NFO Opens for Subscription on November 14, 2025! 

Conclusion 

The proposed Gold and Silver ETF Fund of Funds will offer investors access to the performance of gold and silver prices through the ETF structure regulated by SEBI. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.