fund

Edelweiss Mutual Fund files draft documents for two ETFs



Edelweiss Mutual Fund has filed draft documents for two new Exchange Traded Funds: Edelweiss Gold ETF and Edelweiss Silver ETF.

Edelweiss Gold ETF

Edelweiss Gold ETF is an open-ended exchange traded fund replicating/tracking domestic prices of gold. The fund will be benchmarked against the physical price of domestic gold.The fund will be managed by Ashish Sood.

The objective of the scheme is to generate returns that are in line with the performance of physical gold in domestic prices, subject to tracking error.

The scheme will invest 95 -100% of its assets in gold and gold related instruments and 0-5% in debt and money market instruments.

The minimum application amount will be Rs 5,000 and in multiples of Rs 1 thereof.

Edelweiss Silver ETF

Edelweiss Silver ETF is an open-ended exchange traded fund replicating/tracking domestic prices of sIlver.The fund will be benchmarked against price of silver based on LBMA Silver daily spot fixing price.

The fund will be managed by Ashish Sood.

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.

The scheme will invest 95 -100% of its assets in silver and silver-related instruments and 0-5% in debt and money market instruments.

The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereof.



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