HDFC MF launches HDFC Silver ETF Fund of Fund (FOF)

HDFC MF has launched HDFC Silver ETF Fund of Fund (FOF). The FOF is an open-ended scheme investing in HDFC Silver ETF.

The investment objective is to seek capital appreciation by investing in units of HDFC Silver ETF.

In a press release, Navneet Munot, MD and CEO, HDFC MF said, “HDFC AMC believes in understanding the consumers’ needs and aims to offer them easy and effective solutions for investments. The HDFC Silver ETF FOF will provide investors the opportunity to invest in silver which serves dual utilities of being a precious metal and an industrial commodity.”