Investment in Gold-Silver ETF: Do you also want to invest in gold and silver together through mutual funds? If yes then this news is of your use. Motilal Oswal Asset Management Company (MOAMC) Gold ETF (Gold ETF) and Silver ETFs (Silver ETFMotilal Oswal Gold & Silver ETF fof (Motilal Oswal Gold and Silver ETFs FoF) is launched. Its NFO (Motilal Oswal Gold and Silver ETFs FoF) will open on 26 September 2022 and close on 7 October 2022. The allocation of mutual fund units will be done on October 13, 2022. Under this mutual fund, returns will be earned by investing in units of gold and silver ETFs.
Investment allocation in Gold and Silver ETFs will be done at 70:30 during the new fund offer. Later on the daily weightage will depend on the market. The maximum weightage limit is 90 percent which will be reviewed quarterly.
investment portfolio (Investment PortfolioWhy include gold and silver?
Gold and silver are two such precious metals, which have attracted a lot from the people of old times to the modern people of today. These precious metals have been in existence for more than 6000 years. Gold is widely used as jewelry. Gold is often considered a ‘safe investment’, as it performs well during market uncertainty. In contrast, silver is more industrially used, so it generally performs better in the recovery phase of the business. Investing in both the metals helps the portfolio to perform well in both volatile times and recovery periods.
Navin Aggarwal, MD and CEO, Motilal Oswal Asset Management Company said that gold and silver have been the favorite assets of Indian families for centuries. These precious metals are bought and kept in physical form. However, we are seeing high inflation around the world. To tackle inflation, central banks have resorted to rate hikes and neutral system liquidity. Gold is the best option for hedging against inflation. Aggarwal said that we are at an interesting juncture as the advanced economies of America and Europe are at risk of recession, while India is showing strong growth prospects.
The minimum application amount for Motilal Oswal Gold & Silver ETF FOF will be Rs 500 and in multiples of 1 thereafter. On an ongoing basis, investors can buy or redeem the units of the scheme through a financial advisor or online