Kotak Mahindra MF launches Silver ETF

Kotak Mahindra Mutual Fund has launched its silver ETF.

The ETF aims to generate returns in line with the performance of physical silver in domestic prices, subject to tracking error. 

In a press release, Nilesh Shah, Group President and Managing Director, Kotak MF said, “Our Silver ETF launch is in line with our continued effort to provide easy and efficient access to various asset classes. It will provide convenient access to silver as an asset which is not only a precious metal but also has many industrial uses. 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.”