The asset management firm (AMC) Edelweiss Mutual Fund (Edelweiss MF ) is slated to introduce India’s first programme that provides exposure to gold and silver through a single fund. The Edelweiss Gold and Silver ETF Fund of Fund (FoF) by Edelweiss MF new fund offer will expire on September 7. Bhavesh Jain and Bharat Lahoti are the fund managers for the scheme of Edelweiss MF. Silver-based mutual funds were initially introduced in January of this year, while India’s first gold fund, Nippon India ETF Gold BeES, was released in March 2007.
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