And those interested in investing in silver ETFs should be prepared to face short-term fluctuations and be patient during such times, say financial experts.
HDFC Asset Management has launched HDFC Silver ETF. It is an open-ended exchange-traded fund (ETF) that mirrors or tracks silver. The fund is open for subscriptions from August 18. The last day to subscribe is August 26.
Today, as the price of silver is gradually increasing, even though it is not possible to buy it directly, if you invest up to Rs.1000 per month in silver ETF funds and keep saving for the next 5 years, you can see good profits.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.