Zerodha's latest exchange-traded fund lets you invest in silver
What's the story
Zerodha has launched the Zerodha Silver ETF in India, an open-ended exchange-traded fund that will track domestic silver prices.
The fund is now open for subscription and will close on March 18.
The Zerodha Silver ETF aims to generate returns in line with the performance of physical silver in our market.
Fund
Investment strategy and portfolio allocation
The fund will allocate around 95-100% of its portfolio to silver and silver-related instruments.
Meanwhile, 0-5% shall be invested in debt and money market instruments, cash, as well as cash equivalents.
Vishal Jain, CEO of Zerodha Fund House, highlighted that the Silver ETF provides a valuable tool for investors to diversify their portfolios and capitalize on the metal's unique characteristics.
Investment specifics
Minimum investment and NAV details
The minimum investment sum for the Zerodha Silver ETF is ₹1,000, with the subsequent investments in multiples of ₹1,000. The initial Net Asset Value (NAV) will be ₹10 per unit or 1/10,000th of silver's per kg price, subject to statutory deductions.