Edelweiss
Silver ETF
An open ended exchange traded fund replicating/tracking domestic prices of Silver
Data as on 31st October, 2024
| Investment Objective : The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized and the scheme does not assure or guarantee any returns. |
|
| Inception Date | 21-Nov-23 |
| Benchmark | Price of Silver (based on LBMA Silver daily spot fixing price) |
| Fund Managers Details | Mr. Amit Vora Experience 16 years Managing 01-Jul-24 |
| Minimum Investment Amount | Through the stock exchange - 1 unit & in multiplies thereof. Directly with the Mutual Fund - in creation unit size i.e., 30,000 units & in multiplies thereof.# |
| Plans/Options | The Scheme does not offer any Plans/Options for investment. |
| Creation unit size | 30,000 units |
| Exit Load | Not Applicable |
| Total Expense Ratios~: | Regular Plan 0.39% |
| Tracking Error: | Direct: 0.80% |
| Month End AUM |
Rs. 91.42 Crore
|
| Monthly Average AUM |
Rs. 80.61 Crore
|
|
(as on October 31, 2024)
|
98.2270
|
|
Name of Instrument
|
% to Net Assets
|
| Derivatives | 97.38% |
| Silver | 97.38% |
| Cash & Other Receivables | 2.62% |
| Cash & Cash Equivalent | 2.40% |
| TREPS_RED_04.11.2024 | 0.22% |
| Grand Total | 100.00% |
|
Period
|
Scheme - Regular Plan |
Benchmark |
||
|
Returns* |
Value of Rs. 10000 Invested |
Returns* |
Value of Rs. 10000 Invested |
|
|
6 Months |
39.33% |
11,983 |
41.18% |
12,076 |
|
Since Inception - Regular Plan |
32.34% |
13,057 |
34.59% |
13,270 |
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* Simple Annualized Return.
The scheme has been in existence for less than 6 month, hence performance has not been disclosed
#Large Investors can directly purchase / redeem in blocks from the fund in “Creation unit size” subject to the value of such transaction is greater than threshold of INR 25 cr. (Twenty-Five crores)
and such other threshold as prescribed by SEBI from time to time.
Tracking error is annualised and is calculated based on data since inception.
This Product is suitable for investors who are seeking*:
- Long term capital appreciation
- Returns that are in line with the performance of Silver over the long term, subject to tracking errors.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at Very High Risk
Benchmark Riskometer: Price of Silver (based on LBMA Silver daily spot fixing price)
Investors understand that their principal will be at Very High Risk