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Home>Blog>NFO>Aditya Birla Sun Life AMC Launches Aditya Birla Sun Life Silver ETF Fund of Fund : NFO Closes on January 27

Aditya Birla Sun Life AMC Launches Aditya Birla Sun Life Silver ETF Fund of Fund : NFO Closes on January 27

24 May 2022

Aditya Birla Sun Life AMC has launched a new fund offer for Aditya Birla Sun Life Silver ETF Fund of Fund. The fund is open for subscription between January 13, 2022, and January 27, 2022.

Read on to find out more about the NFO

Investment Objective

Aditya Birla Sun Life Silver ETF Fund of Fund is an open-ended fund of fund scheme investing in units of Aditya Birla Sun Life Silver ETF.

Indicative Asset Allocation

Types of Instruments  Indicative allocation  

(% of total assets) 

Risk Profile
Minimum Maximum
Units of Aditya Birla Sun Life Silver ETF 95% 100% Medium
Debt & Money Market Instruments  0% 5% Low to Medium 

Fund Details

Scheme name Aditya Birla Sun Life Silver ETF Fund of Fund  
Type of scheme An open-ended fund of fund scheme investing in units of Aditya Birla Sun Life Silver ETF.
NFO Dates January 13 – January 27, 2022
Fund Managers Mr. Lovelish Solanki, Mr. Kedarnath Mirajkar
Benchmark Price of silver (based on LBMA Silver daily spot fixing price)
Minimum Amount for Application during NFO Rs. 100/- and in multiples of Re. 1/- thereafter.
Minimum Additional Purchase Amount Rs. 100/- and in multiples of Re. 1/-
Minimum Redemption/Switch-Out Amount In Multiples of Re. 1/- or 0.001 units.
Load For redemption/switch-out of units on or before 30 days from the date of allotment: 0.5% of applicable NAV. 

For redemption/switch-out of units after 30 days from the date of allotment: NIL.

Plans Direct and Regular
Options Growth, Income Distribution cum Capital Withdrawal Option / IDCW Option.
Minimum SIP Amount 6 installments of Rs. 100/- each

Benchmark

Price of silver (based on LBMA Silver daily spot-fixing price)

The Scheme’s performance is benchmarked against the price of Silver. The price of Silver will be derived from the LBMA prices. 

The London Bullion Market Association (LBMA) is an international trade association representing the global Over The Counter (OTC) bullion market.

Fund Managers

Mr. Lovelish Solanki

Mr. Lovelish Solanki has an overall experience of over 10 years in Trading and Dealing. 

Past Experience: 

  • Equity /Equity Derivatives – Trader at Union KBC Asset Management Co Limited since February 2011.
  • Before that, he worked at Edelweiss Asset Management Co. Ltd since January 2008.

Other funds managed by him are:

  • Aditya Birla Sun Life Index Fund*
  • Aditya Birla Sun Life Arbitrage Fund
  • Aditya Birla Sun Life Gold ETF*
  • Aditya Birla Sun Life Nifty ETF*
  • Aditya Birla Sun Life Gold Fund
  • Aditya Birla Sun Life Balanced Advantage Fund%
  • Aditya Birla Sun Life Equity Savings Fund!
  • Aditya Birla Sun Life Sensex ETF*
  • Aditya Birla Sun Life Nifty Next 50 ETF*
  • Aditya Birla Sun Life Banking ETF*
  • Aditya Birla Sun Life Nifty Smallcap 50 Index Fund*
  • Aditya Birla Sun Life Nifty Midcap 150 Index Fund*
  • Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund*
  • Aditya Birla Sun Life Nifty Healthcare ETF*
  • Aditya Birla Sun Life Nifty IT ETF*

*Jointly with Mr. Kedarnath Mirajkar

%Jointly with Mr. Mohit Sharma & Mr. Vineet Maloo

!Jointly with Mr. Dhaval Shah and Mr. Harshil Suvarnkar

Mr. Kedarnath Mirajkar

Mr. Kedarnath Mirajkar has an overall work experience of over 14 years. He has been associated with Aditya Birla Sun Life since April 2010 and has worked in Operations and Risk functions. 

Other funds managed by him are*:

  • Aditya Birla Sun Life Index Fund
  • Aditya Birla Sun Life Gold ETF
  • Aditya Birla Sun Life Nifty ETF
  • Aditya Birla Sun Life Sensex ETF
  • Aditya Birla Sun Life Nifty Next 50 ETF
  • Aditya Birla Sun Life Banking ETF
  • Aditya Birla Sun Life Nifty Smallcap 50 Index Fund
  • Aditya Birla Sun Life Nifty Midcap 150 Index Fund
  • Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund
  • Aditya Birla Sun Life Nifty Healthcare ETF
  • Aditya Birla Sun Life Nifty IT ETF

*All the above-mentioned schemes are jointly managed with Mr. Lovelish Solanki.

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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