HDFC Mutual Fund launches HDFC Silver ETF Fund of Fund

HDFC Mutual Fund has launched HDFC Silver ETF Fund of Fund. HDFC Silver ETF FOF is an open-ended Fund of Fund scheme investing in HDFC Silver ETF. Investment options like SIP, STP are available.

The investment objective is to seek capital appreciation by investing in units of HDFC Silver ETF. Investing in physical silver and storing it in a safe manner could be difficult for an individual, hence HDFC’s Silver ETF FOF NFO gives an opportunity to the investors to get exposure to silver through mutual funds, thereby eliminating the need to store silver physically.

“HDFC AMC believes in understanding the consumers’ needs and aims to offer them easy and effective solutions for investments. The HDFC Silver ETF FOF will provide investors the opportunity to invest in silver which serves dual utilities of being a precious metal and an industrial commodity,” Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Co.