Kotak Mutual Fund launches Kotak Silver ETF Fund of Fund

Kotak Mutual Fund announced the launch of Kotak Silver ETF Fund of Fund, an open-ended fund of fund scheme that invests in units of the Kotak Silver ETF.

In the past, silver as a commodity had provided protection during crisis. For instance, during the recent Russia-Ukraine conflict, while the Nifty 50 fell by 10%, silver prices surged by 12% according to a release.

Investment in Kotak Silver ETF Fund of Fund can be simple and accessible, as it can be done even without a Demat account, like any Mutual Fund scheme. There are also other advantages that the scheme can offer like diversification, easy liquidity, no making charges, and no storage costs.

Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co, said, “We are launching Kotak Silver ETF Fund of Fund to make it easier for investors 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 in the medium to long term.”