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lokeshlipun1
Jan 61 min read

Tata Asset Management launches four New Fund Offering focusing on Gold and Silver


Tata Asset Management launches four New Fund Offering focusing on Gold and Silver


Mumbai, 2ndJanuary, 2024: Tata Asset Management announces the launch of four new schemes i.e. 2 Exchange Traded Funds (ETFs) & 2 Fund of Fund (FOF):


·         TataGoldETFanopen-EndedExchangeTradedFundreplicating/trackingdomesticpriceof Gold.NFOopensfrom2ndJanuary2024–9thJanuary2024

·         Tata Gold ETF Fund of Fund, an open-ended fund of fund scheme investing in Tata Gold Exchange Traded Fund. NFO opens from 2nd January 2024 –16th January 2024

·         TataSilverETFanopen-endedExchangeTradedFundreplicating/trackingdomesticpriceof Silver.NFOopensfrom2ndJanuary2024–9thJanuary2024

·         Tata Silver ETF Fund of Fund an open-ended fund of fund scheme investing in Tata Silver Exchange Traded Fund. NFO opens from 2nd January 2024 –16th January 2024


Investing in gold and silver aims to offer a compelling strategy for diversification of your portfolioandlong-termstability.Gold'sroleasahedgeagainstcurrencydevaluation,inflation, andmarketuncertainties,coupledwithitsscarcityandhistoricalsafe-havenstatus,helpsyouto preserve wealth effectively. Meanwhile, silver's surging demand in industries like EV technologyandgreenenergy,amidstasupplyshortage,signalspotentialpriceappreciation.As silver is mostly a by-product, its scarcity and expanding industrial uses make it an appealing investment.

 

These funds will provide investors an opportunity to take exposure in gold and silver respectively,asanassetclasswithlowtransactioncosts,highliquidityandlowexpenseratio, etc.


Speaking at the launch, Anand Vardarajan, Business Head - Institutional Clients, Banking, AlternateinvestmentsandProductstrategyatTataAssetManagementsaid,"Whenyoudon't knowtherisk,diversify.Whenyouknowtherisk,hedgeit.Preciousmetalslikegoldandsilver helpinvestorsinhedgingtheirriskandalsodiversifytheirportfolios.Itoffersabilitytohedge againstinflationandcurrencyfluctuationandatthesametime,beingdifferentlyco-related,it helpsinprovidinghidingspacewhenequityanddebtmarketsturnvolatile.IfmostoftheGoldis abovethegroundandonlylessistobeunearthed,thenthisbecomesagreatassetclasstobe owned. Limited supply coupled with rising demand for gold makes a great case to have it in one'sportfolio.

               

Silverhasornamental,decorativeandalsoindustrialusecases.Manyemergingindustrieshave seenrisinguseofsilverandnotsurprisinglyitisseenastherisingmetal.Bothgoldandsilvercan make a compelling allocation in an investor's portfolio giving a balance of diversification and providingsomehedge."



 

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