ICICI Prudential Silver ETF

ETFs or Exchange-traded Funds collectively include shares, bonds, money market investments, etc., that help to track any underlying assets. To put it simply, ETFs are a combination of different investment avenues. They are best known for offering the two most popular financial assets- stocks and mutual funds. The ICICI Silver ETF is mostly similar to the mutual funds in various aspects such as regulation, structure, and management. In addition, it also comes with a pool of investment options offering a diversified investment into different asset classes such as commodities, stocks, bonds, options, currencies, or a combination of these. Moreover, you may even trade them as stock on the various stock exchange markets.

On this note, ICICI brings forth one of the best investment schemes, the ICICI Prudential Silver ETF India. The main objective of this scheme is to offer maximum returns before the expenses while closely corresponding to the underlying indexes’ total return and is subject to tracking the errors. The scheme will mainly proceed with physical Silver or instruments related to Silver.

The Silver ETF India is known for tracking the Silver’s price, mostly liquid compared to the precious metal itself. Similar to other precious metals, Silver is more favoured by investors seeking protection against unexpected inflation or using it as a safe haven during market turmoil.
 

The main features of the ICICI Prudential Silver ETF India are as follows:

●    ICICI Prudential Silver ETF (G) is one of the popular Exchange Traded Funds that are benchmarked to the LBMA AM fixing ICICI silver ETF share price TR INR.

●    The Asset Management Company of ICICI Prudential mainly manages it. Its fund Manager is Gaurav Chikane.

●    The Silver ETF plan by ICICI Prudential was launched on 24th January 2022 without a lock-in period.

●    Since its introduction, this fund has been known for delivering approximately 1.4% return on investment. This fund has also delivered a one-year return of 6.1%, while its three-year and five-year returns are yet to be applied.

●    As of 24th February, the fund’s NAV is approximately Rs 66.02, while its AUM is at Rs 698.17 crores.

●    The Silver ETF India fund will likely charge you an expense ratio of at least 0.4% annually. So, you may start your SIP investment with a minimum amount of Rs 100. Also, you can choose to invest a lumpsum amount of Rs 5000.

●    As this scheme is supposedly benchmarked to the LBMA AM fixing ICICI Silver ETF Price TR INR, it is subjected to high risk with a possibility of witnessing short-term volatility. So, it is more suitable for investment for at least five years.