NFO Alert: Tata Mutual Fund launches the Tata Silver Exchange Traded Fund; all you need to know

Tata Mutual Fund announced the launch of the Tata Silver Exchange Traded Fund. The scheme opened for public subscription on January 02, 2024, and will close on January 09, 2024. The scheme re-opens for continuous sale and repurchase from January 17, 2024.

Also Read: Tata Mutual Fund launches the Tata Silver ETF Fund of Fund

What kind of mutual fund scheme is this?

This is an open-ended exchange-traded fund scheme replicating/tracking the domestic price of silver. This product is suitable for investors seeking

  • Returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.
  • Investment in silver and silver-related instruments

What is the main objective of investing in this fund?

The investment objective of the fund 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 or guarantee that the investment objective of the scheme will be achieved.

How may one invest in this scheme?

Investors can invest under the scheme with a minimum investment of 100 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Under normal circumstances, the asset allocation of the scheme will be as follows:


Indicative allocations (% of total assets)

Risk Profile



Silver (Includes Physical Silver and other Silver-related instruments as permitted by SEBI from time to time)




Debt & Money Market Instruments including units of Mutual Funds




Are there similar mutual funds in the market?

To date, many asset management companies (AMCs) have launched such silver exchange-traded funds (ETFs), thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:

Mutual Fund House

Silver ETF

Nippon India Mutual Fund

Nippon India Silver ETF

ICICI Prudential Mutual Fund 

ICICI Prudential Silver ETF

Mirae Asset Mutual Fund

Mirae Asset Silver ETF

Source: (As of January 02, 2024)

How will the scheme benchmark its performance?

The performance of the scheme shall be benchmarked to the domestic price of silver. Since there is no suitable index available for silver or instruments linked to silver, the performance of the scheme will be benchmarked against the domestic price of silver.

Are there any entry or exit loads to this scheme?

This scheme involves no “Entry Load”, which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load” would also be “Nil”.

Who will manage this scheme?

Tapan Patel is the designated fund manager of this scheme.

Does the fund contain any inherent risk?

The scheme involves “Very High Risk” as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to very high risk only. However, investors should consult their financial advisors if they doubt whether the product is suitable for them.


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Published: 02 Jan 2024, 05:42 PM IST

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