NFO opens from 10th March to 20th March 2025. Minimum application amount is Rs. 1000 (and in multiples of Re.1 thereafter.) The scheme reopens for continuous sale and repurchase from 28th March 2025.
Chandigarh: 360 ONE Asset Management Limited, formerly known as IIFL Asset Management Limited, (“360 ONE Asset”), announced the launch of 360 ONE Silver ETF. It is an open-ended exchange-traded fund replicating/tracking domestic prices of Silver. This investment solution offers investors a convenient, liquid and cost-effective way to gain exposure to silver—an asset known for its industrial demand and ability to hedge against inflation.
The New Fund Offer (NFO) will remain open from 10th March to 20th March 2025. The minimum application amount is Rs. 1000 (and in multiples of Re.1 thereafter.) The NFO is priced at Rs. 10 per unit.
Silver has historically played a dual role as a precious metal and an industrial commodity, making it an attractive addition to diversified portfolios. The 360 ONE Silver ETF eliminates the challenges of physical silver ownership while providing seamless access to silver’s potential as an investment.
The 360 ONE Silver ETF will allocate at least 95% of its total assets to silver or silver-related instruments, ensuring close alignment with domestic silver price movements. Up to 5% may be invested in debt or money market securities to enhance liquidity and optimize fund management.
The fund will be managed by Mr. Rahul Khetawat, an experienced fund manager, and will benchmark its performance against domestic silver prices. The ETF comes with zero exit load, providing flexibility to investors.
Raghav Iyengar, CEO of 360 ONE Asset, said, “Silver is a unique asset that blends precious metal stability with industrial growth potential. With the 360 ONE Silver ETF, we aim to offer investors a simple and efficient way to participate in silver’s long-term value without the complexities of physical ownership. This launch is a part of our ongoing commitment to providing innovative investment solutions tailored to modern investor needs.”
Rahul Khetawat, Fund Manager at 360 ONE Asset, added, “Silver has played a crucial role in wealth preservation and industrial applications. The 360 ONE Silver ETF is designed to track silver prices closely while offering the benefits of liquidity and cost efficiency. We believe this ETF will be a valuable addition for investors looking to diversify their portfolios and hedge against economic uncertainties.”
The 360 ONE Silver ETF is suitable for investors seeking long-term wealth creation and income generation in alignment with silver price movements. While the fund aims to mirror the performance of physical silver, investors should consider tracking errors and market fluctuations when making investment decisions.
Key Benefits of the Silver ETF:
