Mumbai: DSP Mutual Fund has launched DSP Silver ETF Fund of Fund (FoF) for investors who don’t have demat account. This FoF will primarily invest in units of DSP Silver ETF.
In a press release, Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund said, “During geopolitical tensions and uncertainties, precious metals like silver and gold present a safe haven for investors. Precious metals are also a good inflation hedge for investors who fear that trade wars and tariff tensions would cause high inflation. But besides such investment demand, more than 50% of the annual demand for Silver is for industrial use. Such industrial use of silver in EVs, solar panels and 5G networks is likely to grow even more, as nations across the world move towards cleaner energy and newer technologies.”
“Our aim is to provide a transparent, liquid, and cost-effective solution for those seeking diversification and long-term growth potential through commodities,” said Diipesh Shah, Fund Manager of DSP Silver ETF Fund of Fund.
