NFO Alert: Tata Mutual Fund launches the Tata Silver ETF Fund of Fund; all you need to know

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Also Read: Tata Mutual Fund launches Tata Gold Exchange Traded Fund The investment objective of the scheme is to provide returns that are in line with returns provided by the Tata Silver Exchange Traded Fund. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Speaking at the launch, Anand Vardarajan, Business Head - Institutional Clients, Banking, Alternate Investments and Product Strategy, Tata Asset Management said, “Silver has ornamental, decorative and also industrial use cases. Many emerging industries have seen rising use of silver and not surprisingly it is seen as the rising metal.

Both gold and silver can make a compelling allocation in an investor's portfolio giving a balance of diversification and providing some hedge."

Also Read: Tata Mutual Fund launches the Tata Gold ETF Fund of Fund Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumUnits of Tata Silver Exchange Traded Fund95%100%HighDebt & Money Market Instruments including units of Mutual Funds0%5%Medium To date, many asset management companies (AMCs) have launched such silver exchange-traded funds (ETFs), thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:Mutual Fund HouseSilver ETFNippon India Mutual FundNippon India Silver ETFICICI Prudential Mutual Fund ICICI Prudential Silver ETFMirae Asset Mutual FundMirae Asset Silver ETF The scheme will be investing