Contributions into systematic investment plans (SIPs) hit a record high of 192.71 billion rupees in March, hitting all-time highs for the 15th time in 18 months.
The new fund offer will open on September 26 (Monday), and close on October 7. The minimum application amount for the Motilal Oswal Gold & Silver ETF FOF is Rs 500, followed by a multiple of Re 1.
The offer was launched on Wednesday, August 24, and will be open till September 7, 2022. The scheme will initially invest in both the metals equally and will periodically adjust the percentage depending on the performance.