Norms for Silver Exchange Traded Funds(Silver ETFs) and Gold Exchange Traded Funds (Gold ETFs)

LegalitySimplified

The Securities Exchange Board of India vide circular dated November 24, 2021 has provided the Norms for Silver Exchange Traded Funds(Silver ETFs) and Gold Exchange Traded Funds (Gold ETFs). A Silver ETF Scheme shall invest at least 95% of the net assets of the scheme in Silver or Silver related instruments. To enable the investors to take an informed decision, the SID of Silver ETFs shall, inter-alia, disclose the following:

  1. Tracking error and tracking difference;
  2. Market risk due to volatility in silver prices;
  3. Liquidity risks in physical or derivative markets impairing the ability of the fund to buy and sell silver;
  4. Risks associated with handling, storing and safekeeping of physical silver;
  5. Applicable tax provisions.

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