- Date : 19/10/2022
- Read: 2 mins
You can also invest in newer fund offers of Gold & Silver ETF fund of funds. You can currently invest in a couple of Gold & Silver ETF NFOs (new fund offers). You have until October 21 to invest in them.
If you are considering buying gold or silver, investing in Gold & Silver ETFs or Exchange Traded Funds can be a good idea for this Dhanteras. You have many Gold & Silver ETFs that you can buy from the market. You can also invest in newer fund offers of Gold & Silver ETF fund of funds. You can currently invest in a couple of Gold & Silver ETF NFOs (new fund offers). You have until October 21 to invest in them, and we will discuss their features here.
HDFC Silver ETF Fund of Fund (FOF)
It is a scheme that invests in HDFC Silver ETF and is open-ended. Its NFO launched on October 7 and will shut down on October 21. It does not require any Demat accounts for investments; you can invest in it through SIPs or STPs. It wants to increase its capital by investing in HDFC Silver ETF units. It wants its investors to get exposed to silver because of its utility in many sectors.
UTI Gold ETF Fund of Fund
It is an open-ended scheme aiming to give returns corresponding to UTI Gold ETF returns by investing in its units. Its NFO launched on October 10 and will close on October 21. It will open again on October 31. You have to invest a minimum of Rs. 5,000; after that, you can invest in multiples of Rs. 1. Its SIM says it is suitable for people who want long-term growth and returns corresponding to UTI Gold ETF returns by investing in its units. It will invest around 95-100% of the assets it owns in UTI Gold ETF units and can invest around 5% in instruments in the money market.
You now know everything there is to know about investing in Gold & Silver Investment on Dhanteras: NFOs of Gold & Silver ETF Fund of Funds. Happy Dhanteras! You can invest in these two ETFs before October 21 and can fulfil your wish of investing in both Gold and Silver.