Investing in Silver is the next big thing after gold investments. Silver has been known for many years for its use in jewellery and silverware. However, of late its use in industrial applications has been increasing. Silver is being widely used in renewable energy into products such as solar panels & electric vehicle (EV) car batteries.
The demand for silver has been consistently increasing and is expected to do so over the next few years due to its wide range of applications.
Aditya Birla Sun Life Silver ETF Fund of Fund invests in units of ABSL Silver ETF, an exchange traded fund. The ETF invests in 99.9% purity physical silver.
The objective of the fund is to replicate the domestic price returns of physical silver. The ABSL Silver ETF NFO is open for subscription from the 13th of January 2022 till the 27th of January 2022.