INF109KC1Y56

ICICI Prudential Silver ETF

Very High Risk Sector - Precious Metals Commodities

NAV (Tue Sep 10 2024)

₹83

Returns (Since Inception)

0.00%

Category Average

13.80%

Rating

NA

Allocation and Holdings

Asset class

Weightage

Unknown

97.54%

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Overall rating

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Scheme Information

Fund name

ICICI Prudential Silver ETF


Minimum SIP

1000


Risk Level

Very High Risk


AUM

₹3150.82 Cr


ISIN

INF109KC1Y56


Inception Date

Jan 24 2022


Standard Deviation

-


Beta

-


Sharpe Ratio

-


Benchmark

LBMA AM Fixing Prices TR INR


Expense Ratio

0.400%


Exit Load

Risk

Very High Risk

Investment Objective

The Investment Objective of the Scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There can be no assurance or guarantee that the investment objective of the plan will be achieved. The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying.

Fund Managers

Gaurav Chikane

About the AMC

ICICI Prudential Asset Management Company Limited


Phone Number

+91 22 26428000


Corporate Office Address

ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)

Overall AUM

₹3150.82 Cr


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frequently asked questions

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What is the current NAV of ICICI Prudential Silver ETF?

The NAV of ICICI Prudential Silver ETF is ₹83 as of Tue Sep 10 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of ICICI Prudential Silver ETF?

Gaurav Chikane is the current fund manager of ICICI Prudential Silver ETF as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of ICICI Prudential Silver ETF?

The Expense Ratio of ICICI Prudential Silver ETF is 40.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 40.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of ICICI Prudential Silver ETF?

The minimum Systematic Investment Plan (SIP) amount required for ICICI Prudential Silver ETF is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in ICICI Prudential Silver ETF?

To initiate a lump sum investment in ICICI Prudential Silver ETF, a minimum initial amount of ₹1,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the ICICI Prudential Silver ETF?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of ICICI Prudential Silver ETF is classified as Very High Risk.

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What is the category of ICICI Prudential Silver ETF?

The category of the ICICI Prudential Silver ETF is Commodities.

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