360 ONE Mutual Fund extended Silver ETF NFO Period
360 ONE Mutual Fund has announced an extension of the New Fund Offer (NFO) period for its newly launched 360 ONE Silver ETF. Earlier it was to close on 20th March 2025; the NFO period has now been extended up to 24th March 2025.
360 ONE Silver ETF is a scheme that is an open-ended exchange-traded fund with the objective of replication or tracking of domestic prices of physical silver. The scheme plans to generate returns on the basis of domestic prices of physical silver, within the parameters of tracking error. No assurance is given that the investment objective of the scheme will be met, and the scheme neither guarantees nor promises any returns.
Investors who wish to invest in this issue can do so with a minimum application size of Rs.1,000 and Rs.1 multiples thereafter. There are no special plans or investment choices offered by the scheme. The scheme is managed by Mr. Rahul Khetawat, who has prior experience from Edelweiss Financial Services Ltd and Marwadi Share and Finance Limited.
The benchmark for 360 ONE Silver ETF is domestic silver prices, and the fund is a commodity with a focus on silver. The risk exposure of this investment is rated as ‘Very High’.
This extension provides investors additional time to determine whether they need to invest in silver within their portfolios through the 360 ONE Silver ETF. Prospective investors are encouraged to thoroughly read all scheme documents before investing.
