Zerodha Mutual Fund has launched the Zerodha Silver ETF FoF, an open-ended fund of funds that invests in units of the Zerodha Silver ETF.
The New Fund Offer (NFO) is currently open for subscription and will close on July 4.
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“Silver has the potential to play a key role in both investment portfolios and modern industries. With demand rising across renewable energy, electronics, and automotive sectors—and a global shift towards sustainability—the long-term outlook for silver remains strong. Our Silver ETF FoF offers investors a simple, cost-effective way to invest in silver through SIPs and diversify their portfolios,” said Vishal Jain, CEO, Zerodha Fund House.
Zerodha Silver ETF FoF follows a passive investment strategy and invests primarily in units of the underlying Zerodha Silver ETF. The scheme aims to generate capital appreciation by tracking the performance of domestic silver prices through its investment in physical silver via the ETF.
The fund will allocate 95%–100% of its assets to units of the Zerodha Silver ETF and 0%–5% to debt securities and money market instruments for liquidity management.