SEBI comes up with operating norms for Silver Exchange Traded Funds

The market regular, SEBI has mandated that Silver ETF Scheme shall invest at least 95% of the net assets of the scheme in Silver and Silver related instruments. The cumulative gross exposure of Silver ETFs shall not exceed 100% of the net assets of the scheme. SEBI has specified silver ETF to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.The market regular, SEBI has mandated that Silver ETF Scheme shall invest at least 95% of the net assets of the scheme in Silver and Silver related instruments. The cumulative gross exposure of Silver ETFs shall not exceed 100% of the net assets of the scheme. SEBI has specified silver ETF to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.taxmann.com Latest Statutory HappeningsRead More

Leave a Reply