In Spite of the market volatility, there are raising number of NFOs available in the market. This time an NFO from HDFC Mutual Fund. HFDC MF has introduced it’s HDFC Silver ETF Fund of Fund NFO. Find Out the details of this fund :
Fund Type : Open-ended Fund of Fund Scheme.
NFO Period : 7th October – 21st October , 2022.
Objective : Funds aims to encash the growthing demand of silver consumption in sectors like new age technologies, Solar Power, Electric Vehicle etc. and is bullish that the silver price will go up and give higher returns. Fund provides opportunity to investors to invest small and bulk amounts via physical as well as digital mode for capital appreciation. By investing in this fund, investors can look for diversifying their portfolios.
Minimum Investment : Rs. 100/- and any amount above in multiple of Rs. 1/ .
Switching Option : Available.
Scheme Plans : Both Regular Plan and Direct Plan are available.
Scheme Options : In both Regular & Direct Plans only Growth Option Available.
Choices : SIP, Flex SIP, STP are available.
Entry Load : Nil.
Exit Load: 2% exit load applicable if redeemed/switched-out within 6 months. 1% exit load applicable if redeemed/switched-out after 6 months but within 1 year. No Exit Load is payable if redeemed/switched-out after 1 year.
Risk-o-meter : Very High
Disclaimer : Mutual Fund investments are subject to market risks, read all the scheme related documents carefully.
