Angel one Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Angel One Silver ETF'. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load and Exit load will be nil. The Scheme offers growth option only for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against Domestic price of silver. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to generate returns corresponding to the domestic price of silver before expenses, subject to tracking errors by investing in physical silver and silver related instruments.