Kotak Mahindra Asset Management Company Ltd in the present day introduced the launch of Kotak Silver ETF Fund of Fund which is an open-ended fund of fund scheme that invests in items of the Kotak Silver ETF.
The New Fund Offer opens for public subscription on March 13, 2023 and closes on March 27, 2023.
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co. Ltd stated, “We are launching Kotak Silver ETF Fund of Fund to make it simpler for traders to diversify their portfolios with handy entry to this treasured steel, which has numerous industrial functions. The present Silver costs current a possible alternative for these fascinated by allocating funds to this asset within the medium to long run.”
According to the corporate, this product is appropriate for traders who’re searching for long-term capital appreciation.
Investment in Kotak Silver ETF Fund of Fund may be completed even with no Demat account
Investment in Kotak Silver ETF Fund of Fund may be easy and accessible, as it may be completed even with no Demat account, like several Mutual Fund scheme.
Advantages Kotak Silver ETF Fund of Fund
There are additionally different benefits that the scheme can supply like diversification, straightforward liquidity, no making prices, and no storage prices.
In the previous, silver as a commodity had offered safety throughout crises. For occasion, throughout the current Russia-Ukraine battle, whereas the Nifty 50 fell by 10%, silver costs surged by 12% (Source: Bloomberg, Data as on thirty first Jan’23).
Kotak Mahindra Asset Management Company Limited (KMAMC) – an entirely owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the Asset Manager for Kotak Mahindra Mutual Fund (KMF). KMAMC began operations in December 1998 and as of thirty first December 2022, has roughly 62.4 lakh investor folios in numerous schemes.
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