The primary investment objective of the scheme is to seek to generate returns by investing in units of DSP Silver ETF. There is no assurance that the investment objective of the Scheme will be achieved.
The Scheme will invest in units of DSP Silver ETF. The investments could be made either directly with the Underlying Scheme or through the secondary market. The investment strategy would be passive in nature. The AMC shall endeavor that the returns of DSP Silver ETF Fund of Fund will replicate the returns generated by DSP Silver ETF and is not expected to deviate more than 2%, on an annualized basis net of recurring expenses of the Scheme. Note: Pursuant to Clause 8.4.6.2 of SEBI Master Circular, the NAV to be applied for subscription / switch-in is based on the realization of funds irrespective of subscription amount. Hence the delay in receipt of funds is not likely to have material impact on the ability of the Scheme to replicate the returns generated by DSP Silver ETF as the funds will be available for deployment immediately on the day the NAV is applied for subscription transaction. The AMC will on immediate basis deploy the clear funds available in the Scheme account either through Stock Exchange platform or directly with the Fund.
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