SBI Silver ETF Investment: There is a growing trend among people in the country to invest in schemes that promise bumper returns in the market, presenting a fantastic opportunity for substantial earnings. Investors pursuing long-term wealth creation are particularly interested in such investment options. The country’s largest bank, SBI, is providing a bumper opportunity through its Silver ETF investment.
Let me tell you that SBI Mutual Fund has launched SBI Silver ETF, an open-ended exchange-traded scheme that allows investors to start with a minimum investment of ₹5,000. SBI Silver ETF tracks the price of silver and offers investors an opportunity to invest in the commodity market through an exchange-traded fund.
How to invest in SBI Silver ETF
The NFO will commence its subscription period on 24th June and conclude on 27th June, permitting investors to apply with a minimum subscription amount of ₹5,000 per application. Subsequently, the scheme will reopen within five business days from the allotment date.
As per the disclosed details, SBI Mutual Fund intends to invest predominantly in silver and/or silver-related instruments with a minimum of 95-100% of its assets in this SBI Silver ETF, while allocating up to 5% in government securities.
Know what is Silver ETF
It’s worth noting that gold has been investors’ preferred choice for investment for years. Now, a silver ETF option has emerged in the market, offering an opportunity to invest and potentially earn returns similar to those seen with gold investments.
With approval from SEBI, the market now offers an opportunity to invest in Silver ETFs. Many companies in the country have launched their own Silver ETFs, including the SBI Silver ETF launched by SBI Mutual Fund.
