In the last one month alone, the newly launched Silver ETF has outperformed the Gold ETF. Silver ETFs have returned an average of 8% in the last one month alone.
Edelweiss MF plans to launch an Edelweiss Gold & Silver Fund Of Fund for investments in gold and silver on August 24 with payouts. So let’s take a closer look at Gold ETF and Silver ETF.
What do mutual fund advisors say?
Silver is just as beneficial as any other material. At the same time, it should be remembered that silver is coming off a decade-long consolidation phase.
If inflation continues, both silver and gold may continue to perform well as hedges against inflation, says Sindan Haria, head of product and strategy at ICICI Prudential Mutual Fund.
However, mutual fund advisors believe that silver has not proven to consistently deliver a good return to mutual fund investors.
Advisors therefore advise investors to exercise caution as investments in silver are only made through ETFs and FOFs, unlike gold funds.
Mutual fund advisors also advise investing in ETF mutual funds for more discerning and sophisticated investors.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.