New NFO Alert: Kotak Mahindra Mutual Fund launches silver ETF. Details here
2 years, 1 month ago

New NFO Alert: Kotak Mahindra Mutual Fund launches silver ETF. Details here

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Kotak Mahindra Asset Management Company Ltd announced the launch of its open-ended silver exchange-traded fund on November 10, 2022. The asset management company in its fund offer document stated, “This fund will provide the investors an opportunity to hedge against the ongoing economic uncertainties and geopolitical risks prevalent across several major global economies.” Nilesh Shah, Group President and Managing Director, Kotak Mahindra Asset Management Co. Ltd shared, “Silver provides the benefit of portfolio diversification to investors. The consolidation in silver prices since the start of the year provides a good opportunity for those looking to allocate some money to this asset for diversification.” Demand for silver on the rise The World Silver Survey 2022 shares how the demand for silver surpassed its supply in 2021, with the demand going up by 19 per cent as opposed to the supply being up by only five per cent. Let’s say if a 10 per cent allocation is to be made to precious metals, then between 7-10 per cent can be to gold and a smaller 0-3 per cent to silver.

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