The New Fund Offer of Kotak Silver ETF Fund of Fund opens for public subscription on March 13, 2023 and will close on March 27, 2023.
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Kotak Silver ETF : Kotak Mahindra Asset Management Company Limited Kotak Silver ETF Fund of Fund K has launched. Which is an open ended fund of fund scheme investing in units of Kotak Silver ETF. The New Fund Offer has opened for public subscription on March 13, 2023 and will close on March 27, 2023.
Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd. said that he is launching Kotak Silver ETF Fund of Funds so that investing in Kotak Silver ETF Fund of Funds can be simple and accessible for investors, as it is the same as any mutual fund. Like the scheme can also be done without a demat account.
Investors should be able to diversify their portfolios with convenient access to this precious metal, which has various industrial applications. The current silver prices present a potential opportunity for those interested in allocating funds to this asset over the medium to long term.
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You can invest even without a demat account
According to the company, this product is suitable for investors who are looking for long-term capital appreciation. One can invest in Kotak Silver ETF Fund of Funds even without a demat account. Investing in Kotak Silver ETF Fund of Funds can be simple and accessible, as it can be done without a demat account like any mutual fund scheme.
Kotak Silver ETF Fund Benefits
The scheme also has other benefits such as diversification, easy liquidity, no making charges, and no storage cost. Silver as a commodity provided security during the crisis. For example, according to Bloomberg, during the recent Russia-Ukraine conflict, while the Nifty 50 declined by 10%, silver prices rose by 12%.
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Explain that Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of Kotak Mahindra Bank Limited (Kotak), is the asset manager for Kotak Mahindra Mutual Fund (KMF). KMAMC started operations in December 1998 and has around 62.4 lakh investor folios across multiple schemes as on 31st December 2022.
