NFO Alert: 360 ONE Mutual Fund Launches Silver ETF

360 ONE Mutual Fund has launched the 360 ONE Silver ETF, an open-ended Exchange-Traded Fund (ETF) that aims to generate returns in line with domestic silver prices, subject to tracking error. The New Fund Offer (NFO) is open from March 10, 2025, to March 20, 2025.

NFO Details

The New Fund Offer (NFO)  details are as follows:

• Fund House: 360 ONE Mutual Fund
• Category: Commodities – Silver
• Type: Open-ended ETF
• Benchmark: Domestic Prices of Silver
• Minimum Investment: ₹1,000
• Exit Load: Nil
• Lock-in Period: None
• Risk Level: Very High

The fund is managed by Rahul Khetawat. The Registrar & Transfer Agent for the scheme is Computer Age Management Services Ltd. (CAMS).

Investment Objective

The scheme is to track the price movement of physical silver in India. It does not invest in equities or other commodities, focusing solely on silver. However, like all commodity ETFs, performance may be affected by factors such as market liquidity, storage costs, and tracking error.

Subscription Details

The NFO is available for subscription for a limited period. Investors can enter the fund with a minimum investment of ₹1,000. There is no exit load, allowing investors to redeem units without additional charges.

Market Context

Silver is a widely traded commodity, used in industrial applications, jewelry, and investment markets. The price of silver can fluctuate based on global supply-demand factors, currency movements, and economic conditions. This ETF offers an alternative to physical silver investment, eliminating storage concerns.

Conclusion

The fund tracks the domestic price of silver, and returns may vary due to tracking error. Being a commodity-based ETF, it falls under the very high-risk category. Investors should assess market conditions and price volatility before considering an investment. 

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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 in the securities market are subject to market risks, read all the related documents carefully before investing.