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Kotak Mutual Fund has launched Kotak Silver ETF Fund of Fund, an open-ended fund of fund scheme that invests in units of Kotak Silver ETF.
The fund house said that silver as a commodity has provided protection during crises. For instance, during the recent Russia-Ukraine conflict, while the Nifty 50 fell by 10%, silver prices surged by 12%.
In a press release, Nilesh Shah, Managing Director, Kotak Mahindra AMC said, “We are launching Kotak Silver ETF Fund of Fund to make it easier for investors to diversify their portfolios with convenient access to this precious metal, which has various industrial applications. The current Silver prices present a potential opportunity for those interested in allocating funds to this asset in the medium to long term.
