MIRAE ASSET
SILVER ETF$ (NSE Symbol : SILVRETF, BSE Code: 543922)
(An open-ended scheme replicating/tracking Domestic Price of Silver)
| Type of Scheme | An open-ended scheme replicating/tracking Domestic Price of Silver |
| Investment Objective | To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns. |
Fund Manager** |
Mr. Ritesh Patel (since June 09, 2023) Mr. Akshay Udeshi (Co-fund manager) (since August 28, 2023) |
| Allotment Date | 09th June 2023 |
| Benchmark Index | Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price.) |
| Minimum Investment Amount^ |
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC. Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed. On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: NIL |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on November 30, 2023 | 12.84 |
| Net AUM (₹ Cr.) | 13.68 |
| Tracking Error Value~ ~1 Year Tracking Error is |
1.13% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 | 0.39% |
| **For experience of Fund Managers Click Here | |
| ^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till April 30, 2024:- 1. Schemes managed by Employee Provident Fund Organisation, India. 2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. |
|
| ₹ 75.8654 (Per Unit) |
| Portfolio Holdings | % Allocation |
| Silver | |
| Silver | 95.85% |
| Silver Total | 95.85% |
| TREPS / Reverse Repo | |
| TREPS / Reverse Repo | 1.36% |
| Net Receivables / (Payables) | 2.79% |
| Cash & Other Receivables Total | 4.15% |
| Total | 100.00% |
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This product is suitable for investors who are seeking*
• Investors seeking returns that are in line with the performance of silver over the long term, subject to tracking errors
• Investments in physical Silver of 99.9% purity (fineness)
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol:SILVRETF
BSE Code:543922
Bloomberg Code:SILVRETF IN Equity
Reuters Code: MIRA.NS
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months
