Which funds trade in silver? Any funds where metals, and oil and gas form the bulk of the portfolio?
-Shivi Kanwar
There are four schemes that invest in physical gold (known as Gold Exchange Traded Funds of ETFs), but none that invest or trade in silver. There is also no specific mutual fund scheme which invests only in metals and oil and gas sector stocks. You can consider SBI Magnum Comma which has been consistently increasing its exposure to the metal sector over the past one year. By December 2007, its investment in the sector stood at over 30 per cent. Its one-year return (as on January 11, 2008) was 77.72 per cent. You can also look at UTI Energy (formerly UTI Petro Fund) and Reliance Diversified Power.
This article was originally published on April 04, 2008.
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