Kotak Mahindra AMC Launches Silver ETF Read more | Tech US News

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Kotak Mahindra Asset Management Company Ltd (KMAMC) is all set to launch its open-ended silver exchange-traded fund (ETF). Kotal Mahindra AMC said its new investment is aimed at providing investors with an opportunity to weather the ongoing economic difficulties and uncertainties. It will also help mitigate geopolitical risks in many major global economies.

The New Fund Offering (NFO) will open for subscription to all investors on November 21, 2022. It will close on December 5, 2022 and will be available for continuous repurchase and redemption thereafter. The fund house said there would be no burden for investors.

Furthermore, Nilesh Shah, President and Managing Director, Kotak Mahindra AMC Group said that the launch of Silver ETF is in line with their continued efforts to provide easy and efficient access to various asset classes. He added that this would provide easy access to silver as an asset, which is not only a precious metal but also has many industrial uses. The stability in silver prices since the beginning of the year provides a good opportunity for those looking to allocate some money to the asset for diversification, Mr. Shah said.

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