An NFO, or New Fund Offer, is the initial subscription window during which a new mutual fund scheme is launched to investors, similar to how an IPO works for company shares. Units are offered at a fixed offer NAV, typically Rs 10 per unit, during the NFO window. Once the NFO closes and units are allotted, the fund begins trading at its market NAV like any existing mutual fund scheme.
Invesco India Silver Etf NFO opened for subscription on its launch date and closes on its end date, as shown on this page. Units will be allotted on the allotment date at the offer NAV of Rs 10 per unit. Once allotted, the fund will begin trading at its market NAV, which can be tracked from your Chola Securities portfolio.
Invesco India Silver Etf NFO carries a 3-year lock-in period, consistent with its classification as an ELSS (Equity Linked Savings Scheme). Investments in ELSS schemes also qualify for tax deduction under Section 80C of the Income Tax Act, 1961, up to the applicable limit, subject to prevailing tax laws.
Invesco India Silver Etf NFO is classified as Very High risk, as per SEBI's mandated riskometer for mutual funds. This risk classification is typical for Midcap and ELSS category funds, which invest predominantly in mid and small cap equity stocks.
Invesco India Silver Etf NFO is managed by Abhisek Bahinipati as Lead Fund Manager for equity,Over 12 years of experience in fixed income fund managment, trade execution with respect of fixed income investments.
Senior Manager - Fixed Income - DHFL
Pramerica Asset Managers Private Limited (From
December 11, 2012 till date);
AVP - Global Market Group-Fixed Income Trading Head - Fixed Income - Indusind Bank (From Oct 2011 to December 2012);
Manager - Treasury - Fixed Income Trading - Union Bank of India (From May 2009 to Oct 2011);
Senior Execuive Treasury - Fixed Income & Cash Flow - Capital Local Area Bank (From April 2002 to Sep 2007).
You can apply for Invesco India Silver Etf NFO through the Chola Securities app or web platform during the NFO subscription window. Units are offered at the fixed offer NAV of Rs 10 per unit. Once allotted on the allotment date, you can track the fund's holdings, NAV, and returns directly from your Chola Securities portfolio.