ICICI Prudential AMC has launched a new fund offer for ICICI Prudential 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.
ICICI Prudential Silver ETF Fund of Fund is an open-ended fund of fund scheme investing in units of ICICI Prudential Silver ETF.
Indicative Asset Allocation
|Types of Instruments||Indicative allocation
(% of total assets)
|Units of ICICI Prudential Silver ETF||95%||100%||Medium|
|Debt & Money Market Instruments||0%||5%||Low to Medium|
|Scheme name||ICICI Prudential Silver ETF Fund of Fund|
|Type of scheme||An open-ended fund of fund scheme investing in units of ICICI Prudential Silver ETF.|
|NFO Dates||January 13 – January 27, 2022|
|Fund Managers||Mr. Manish Banthia|
|Benchmark||LBMA Silver 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||Any Amount|
|Load||If the amount is invested for a period of up to 15 days from the date of allotment – 1% of the applicable Net Asset Value
If the amount is invested for a period of more than 15 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|
LBMA Silver Price
The Scheme’s performance is benchmarked against the domestic price of Silver. The domestic 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.
Mr. Manish Banthia
Mr. Pranav Vasa has been associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 16 years.
Other funds managed by him are: