Vi Opens Up A New World Of Multiplayer And Competitive Gaming For Its Customers On Vi App

* Vi customers can now invite friends & family members, even including non-Vi users, to play together

* Users can play in groups, participate in tournaments & win exciting gifts, all with Vi Games on Vi App

In line with the ever evolving customer preferences, Vi, the leading telecom player has launched multiplayer and competitive gaming content under the umbrella of Vi Games on the Vi App. Launched in partnership with Maxamtech Digital Ventures, Vi Games now offers 40+ popular, competitive and highly skilled multiplayer games such as Express Ludo, Quiz Master, Solitaire King, Golden Goal and Cricket League.

social games_play modeWidening the participation opportunity for multiplayer gaming on the Vi Games, Vi has extended the service to non-Vi users as well. A Vi user can invite anybody, irrespective of whether they are Vi or non-Vi users, to play along with them.

Vi Games along with its gaming partner Maxamtech Digital Ventures has launched the multiplayer and competitive games in three unique modes.

1.      Tournament Mode: The gamers can go head-to-head with the best on the leader board

2.      Battle Mode: The users can play competitive games with anyone online

3.      Friends Mode: The gamers can challenge or invite friends and family to play along

Users can earn reward coins and redeem the coins to either play more games, participate in big tournaments, or to avail exciting gifts.

Commenting on the initiative, Avneesh Khosla, Chief Marketing Officer, Vodafone Idea, said, “Gaming is one of the biggest segments in the entertainment category and is expected to garner even a higher share in the time and money spent by users over the next few years. Mobile gaming is a key agenda for us to drive engagement with our consumers. We had launched Vi Games a few months back and are now extending our offering to social or multiplayer gaming which is  a natural progression towards our objective of establishing Vi as a preferred destination for both, casual as well as serious gamers.”

“Our growth strategy is based on deep-integrated partnerships to bring a wide choice of content across genres for our users. We are confident that this new partnership will not only elevate the gaming experience of our consumers but will also take us ahead on our digital roadmap.”

Vi Games on the Vi App, offers an immersive gaming experience with 1200+ android and HTML5 based mobile games across 10 popular genres like - Action, Adventure, Arcade, Casual, Education, Fun, Puzzle, Racing, Sports and Strategy.

Adidas Has Unveiled 4DFWD That Is Set To Redefine The Future Of Running

Today, adidas has unveiled 4DFWD that is set to redefine the future of running with its pioneering 3D printed midsole technology designed to move you forward. Marking the next chapter of innovation, the all-new stylish 4DFWD showcases world-class technologies that deliver a smooth gliding sensation with every step. adidas has created a shoe that is an unparalleled work of engineering and imagination to meet the specific needs of the runners of tomorrow.

A SHOE THAT DOESN’T STOP YOU A first in running, the new 4DFWD challenges the laws of motion and is especially designed to reduce braking forces that interrupt a runner’s forward movement. Its midsole technology compresses forward, generating superb forward motion when your foot hits the ground. The state-of-the-art solution offered by 4DFWD keeps runners moving forward, providing them a sense of progress for the body and mind.

THE NEW 4DFWD FEATURES

- In the true spirit of innovation, a Continental™ Outsole has been introduced to provide runners with an improved grip in all-weather conditions.

- The improved sock-like comfort of the redesigned Prime knit, combined with the support of new upper construction engineered mesh provide stretchable support exactly where runners need it the most.

- adidas’ all-new 4DFWD delivers 23% more cushioning when compared to previous generations of 4D midsole under vertical loading in mechanical testing conditions.

A UNIQUE RUNNING EXPERIENCE FOR TECH-ENTHUSED GEN Z RUNNERS The next generation of 4DFWD is built to inspire the digitally savvy, forward-thinking and authentic Gen Z who are an unstoppable cultural force. The 4DFWD will arrive in a plethora of colourways, including a Carbon Cloud White and Impact Orange for men, and Grey Five and Cloud White for women. The shoe is currently priced in the range INR 16,000-20,000. The all-new 4DFWD will be available on adidas.co.in and at adidas stores nationwide from September 1, 2022.

U GRO Capital Limited – Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) To Open On September 05, 2022

·         Secured NCDs of a Face Value (“Face Value”) of Rs. 1,000/- each.

·         The NCD Issue includes a Base Issue Size of Rs.50 crores with an option to retain oversubscription up to Rs 50 crore aggregating up to Rs. 100 crores.

·         Rated as CRISIL A-/Stable by Crisil Ratings Limited and Acuite A+/Stable by Acuite Ratings and Research Limited.

·         Effective annualized yield up to 11.01% p.a.#

·         The Issue opens on September 05, 2022 and closes on September 22, 2022*

·          The NCDs are proposed to be listed on BSE and National Stock Exchange of India Limited (‘NSE’) (collectively, “Stock Exchanges”).

# For further details please refer Shelf Prospectus dated August 26, 2022

*The Issue may close on such earlier date as may be decided by the Board of Directors of our Company or Investment and Borrowing Committee thereof. In the event of an early closure or extension of this Issue; our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement on or before such earlier or extended date of the Issue Closure in which pre-issue advertisement and advertisement for opening or closure of this Issue have been given.

U GRO Capital Limited, NBFC engaged in the lending business and focused on the MSME sector in India, has announced the issue of Rated, Secured, Senior, Listed, Transferable, Redeemable, Non-Convertible Debentures of the face value of Rs. 1,000/- each. The Issue opens on September 05, 2022 and closes on September 22, 2022.

The Issue has a base issue size of Rs. 50 crores with an option to retain oversubscription up to Rs 50 crores, aggregating up to Rs. 100 crores. The NCDs are proposed to be listed on Stock Exchanges with NSE as the Designated Stock Exchange for the Issue. The NCDs have been rated CRISIL A-/Stable by CRISIL Ratings Ltd. and Acuite A+/Stable by Acuite Ratings and Research Limited.

This issue has tenure of 18 months, 27 months, and 36 months for secured NCDs with the series I, II, III. Effective yield (per annum) for NCD holders in Category I (Institutional Investors), Category II (Non-Institutional Investors) Category III (HNI Investors) and Category IV (Retail Individual Investors) holders ranges from 10.52% to 11.01%. Interest payments modes are Quarterly and Monthly. Amount on maturity for NCD holders in Category I, II, III and IV is Rs 1000/-.

Net proceeds of the Issue will be utilized for the purpose of onward lending, repayment of interest and principal of existing borrowings and for general corporate purposes or general corporate purposes.

As on June 30, 2022 its CRAR, in accordance with the Financial Statements was at 27.93%

The Lead Managers to the Issue are Sundae Capital Advisors Private Limited and Tipsons Consultancy Services Private Limited; Link Intime India Private Limited is the registrar and IDBI Trusteeship Services Limited is the debenture trustee to the issue.

La Trobe University, Australia Signs New Agreements With Leading Indian Universities!

* Universities Australia Signing MOU with Association of Indian Universities (AIU)

·         MOU signing with Presidency University, Bangalore. And Amity University, Noida.

·         Professor John Dewar AO, Vice-Chancellor and President of La Trobe University, Australia, and Chair of Universities Australia, would deliver Key Note Address @ the Seminar on “Supporting India’s Internationalization of Higher Education” in Association with Department of Education at the Australian High Commission to India and the Association of Indian Universities.

·         MOU signing between Universities Australia and Association of Indian Universities

La Trobe University Achievements!

* Amongst the Top 1% Universities in the world according to both the QS and Times Higher Education rankings.

* Top rated with only three other Universities in Archaeology, Analytical Chemistry, Crop and Pasture Production, and Microbiology

* The only Top-rated University in Australia for Physiology

* The Third University to open in Victoria, which has grown to accommodate more than 36,000 students, with over 7,000 International Students from 100 Countries.

La Trobe University is a multi-campus university in Victoria, Australia and has long been one of Australia’s pioneering universities.  La Trobe offers distinctive and high-quality degrees that equip students to understand and engage with the global issues of today and provides graduates with the skills to embark on rewarding careers. The University encourages students and staff to gain international experience and develop a curriculum and research programs of the highest International Standards. 

Professor John Dewar, Vice-Chancellor & President, La Trobe University said, “Our visit to India is to reinforce our relationship with India. La Trobe University would continue to collaborate with Indian Universities like Amity University and Presidency University, Bangalore to support students to gain valuable international experience – both culturally and academically.  This is a life-changing opportunity that we want to offer to both Students and Staff. It’s why we’re working very closely with both the Australian and Indian governments to support India’s internationalization of Higher Education under the new Indian National Education Policy.”

Mr Mathew Johnston, Minister Counsellor (Education and Research) Department of Education Australian High Commission, said India and Australia are natural partners for collaboration in Education, Skilling and Research. We have so much to learn from each other and contribute to the world in Educating Global Citizens. This Seminar highlighted the high-levels of good will and willingness to work for the mutual benefit of both countries.

Speaking at the Seminar, Prof John Dewar, Chair of Universities Australia, announced MOU signing between Universities Australia and Association of Indian Universities to further consolidate relationship with India.

Dr Pankaj Mittal, Secretary General, Association of Indian Universities added that Delegation of VCs of Indian Universities would soon visit Australian Universities to further forge relationships and similarly VCs of Australian Universities would visit Indian Universities in 2022-23.

La Trobe University has jumped 5 places in the latest Academic Ranking of World Universities. It is placed 296 in the world. The University is placed in the top 350 globally across all three recognised international rankings of universities added Prof John Dewar. We are amongst the Top 1% Universities in the World. 

Seminar: Over seven decades, Australian Universities have deepened their global connections and enhanced their education and research programs by educating international students, engaging in global research collaborations, and supporting the exchange of students and staff.

The Indian National Education Policy (NEP) presents an exciting opportunity for innovative interventions from both Domestic and International providers. The policy prioritizes internationalization through International Partnerships and Student Mobility with emphasis on Innovative delivery that enriches learning experiences.

India’s NEP is of great interest to the Australian Academic Community and presents Australia with an opportunity to further strengthen its Internationalization Agenda.

Memorandum of Understanding: We have signed with Presidency University, Bangalore, and   Amity University, Delhi and which would help both Students and the Faculty members to enrich their experiences.  La Trobe University has a network of campuses, with over 26,000 Students studying at our Melbourne Campus and over 7,500 students at campuses in Albury-Wodonga, Bendigo, Mildura, Melbourne City (Collins Street), Shepparton and Sydney

New Scholarships: Once again La Trobe University, Australia is offering scholarships to the value of 20% to 30% of the total Tuition Fee for Undergraduate as well as Postgraduate international students commencing in 2023. These Scholarships are merit based and will be offered to the Students based on their prior academic performance and would be offered on a first come first serve basis.

Background – La Trobe University

·         La Trobe University has been at the forefront of higher education in Australia for the past fifty-four years. La Trobe is renowned for its academic excellence and research achievements.

·         La Trobe University is ranked in the top one per cent of universities worldwide

(Times Higher Education, 2021)

·         Dignitaries that La Trobe University has hosted from the Indian subcontinent include the late Prime Minister Mrs Indira Gandhi, Kapil Dev, Malaika Arora Khan, Amitabh Bachchan, Rajkumar Hirani, Abhijat Joshi and, most recently, Actor, Producer and Women’s Equality Advocate, Shah Rukh Khan

·         La Trobe recently announced return of the Shah Rukh Khan La Trobe University PhD Scholarship, providing a life-changing opportunity for an aspiring female researcher from India to make a meaningful impact in the world

·         In 2005, La Trobe’s Melbourne campus in Bundoora was featured in the first major Bollywood blockbuster film to be made entirely in Australia. Salaam Namaste, the film, collected close to $10million US at the box office.

·         The La Trobe Library collection houses more than 38,000 volumes of monographs, journals, magazines and government publications from India, one of the largest collections in Australia.

·         La Trobe University is one of only two universities in Australia teaching Hindi, and the only Australian University to teach a subject on the history, music, and storytelling of popular Hindi cinema

·         La Trobe University is one of the founding members of the Australia India Institute

·         La Trobe University has seven campuses in Victoria and one campus in New South Wales in Australia. More than 210,000 students have graduated from La Trobe University and have gone on to achieve great things in all walks of life, giving La Trobe its well-deserved reputation.

You may visit for more details www.latrobe.edu.au/international

YES BANK Hikes Interest Rates On NRE And FCNR Fixed Deposits

YES BANK has revised the interest rates on its Non-Resident External Account (NRE) Fixed Deposits by 50 to 75 basis points. This move is in accordance with the recent announcement made by the Reserve Bank of India (RBI) to aid incremental fund flows. The Bank has also hiked its peak interest rate on Foreign Currency Non-Resident (FCNR) deposits by 20 basis points, allowing the NRI customers to avail healthy returns on their Fixed Deposit.

The NRE Fixed Deposit rate for the tenure of 12 months to less than 18 months has been revised to 7.01% p.a. Similarly, the rate for the tenure greater than 18 months has been revised to 7.25% p.a. These revised rates are applicable for deposits less than INR 5 crores. Furthermore, the Bank is also offering a peak rate of 4.05% p.a. 4.25% p.a. on USD FCNR deposits for the tenure of 12 months to less than 24 months. 24 months to less than 36 months.

Commenting on the development, Mr. Prashant Kumar, MD & CEO, YES BANK said, “At YES BANK, driving innovation and customer centricity has always been at the core of our banking initiatives. We constantly strive to provide the best-in-class benefits to all our customers across segments. The recent relaxation announced by the RBI to attract forex inflows has allowed us a window to hike interest rates on our NRE and FCNR Fixed Deposit offerings, thus extending the benefit to our customers. This initiative is in alignment to the various strides the Bank has taken in the recent past to benefit customers, which will allow us to further diversify and grow YES BANK’s retail portfolio.”

In order to book NRE fixed deposit, customers can visit YES BANK’s digital banking channels viz YES Online (Net Banking), YES Mobile (Mobile Banking) or YES Robot (Personal banking chatbot) or visit the nearest branch of YES BANK if they are in India or write to gib@yesbank.in (dedicated email ID for NRIs transaction requests).

Similarly, FCNR deposits can be booked through YES Online (Net Banking) or customers can visit the nearest branch of YES BANK if they are in India or write to gib@yesbank.in

About YES BANK’s NRI Banking Services

YES BANK NRI Services offer a comprehensive bouquet of products and services including deposits, remittances, investment, and insurance solutions for NRI customers of YES BANK. These products and services are a bunch of customizable offering that provide multiple avenues for wealth creation across various product categories, with in-person and digital fulfilment models.

About YES BANK

YES BANK is a 'Full Service Commercial 'Bank' providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES, a wholly owned subsidiary of the Bank. Headquartered in Mumbai, it has a pan-India presence including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

Renowned Explorer Levison Wood Embarks On A India, Pakistan Border Journey For discovery+’s

* The docu-series ‘Expedition Borderlands with Levison Wood and Ash Bhardwaj’ premieres on 8th September only on the discovery+ app

British explorer Levison Wood teams up with his dear friend Ash Bhardwaj to journey across 2500kms along the India-Pakistan border, visiting volatile regions packed with a lifetime of experience

Poster- https://drive.google.com/file/d/1EXpgVPl5aUJ148kNlRRjfO6fg1Dhh1rq/view?usp=sharing 

What binds the two most talked about nations - India and Pakistan together? What makes their relationship unique? How have the lives of the people changed since the India-Pakistan partition? discovery+ India Originals- Expedition Borderlands with Levison Wood and Ash Bhardwaj, an upcoming adventure answers these and many other questions. This one of its kind four-part docu-series premiering on September 08 on discovery+, features internationally acclaimed explorer and host Levison Wood who is on a  quest to explore the lives of those living along the volatile borders of India and Pakistan. In the past, we have seen Levison Wood adventure through treacherous terrains in ‘Walking The Himalayas’, ‘Arabia with Levison Wood’ and many other documentaries. This time his friend and travel writer Ash Bhardwaj joins him on this adventure, navigating the borderlands while unraveling the cultural nuances of the India-Pakistan border.

This unique docu-series will take viewers through an expedition of a 2500-km journey that Lev and Ash embark on. Navigating across a route that has never been captured before on camera, the duo immerses themselves in people's everyday lives while traveling to some remote and off-beat locations like Tyakshi, Turtuk, Nubra valley, Dras, Kargil, Teetwal, Gurez in India and Lahore, Peshawar, Khyber Pass, Nowshera, Taxila, Skardu, Khaplu in Pakistan to gain an authentic understanding of the local culture and tradition. As the journey progresses, Bhardwaj discovers his roots and the rich connection he shares with the culture and traditions of the land, from both India and Pakistan. 

Talking about the docu-series, Levison Wood said, “Ash and I were lucky enough to experience the incredible food, culture  and hear plenty of fascinating stories in both India and Pakistan. I couldn't think of anyone I would rather have done this journey with than Ash. It was interesting to see the countries from his perspective - and we had a lot of laughs along the way! The best part of this trip was seeing what unites the two countries in this border region. Our journey helped us to try and  understand the people who have so much in common yet are so divided. This journey was unforgettable. The border regions are home to resilient and affectionate civilians who welcomed us into their homes and lives. This journey was a true adventure. We ended up in some difficult situations, learned a lot about these fascinating countries and had many heartfelt  moments along the way.

Avid explorer and travel writer Ash Bhardwaj expressed his views and said, “Lev and I have been travelling together for over a decade, but this journey was particularly special. Being able to walk in the footsteps of my ancestors made me feel vividly connected to my heritage - not just in Punjab, but on the Pakistani side of the border, too. The geography along the border is truly remarkable, but what really captured my heart was the people we met along the way. As well as the amazing sights, sounds and foods of the journey, we met some incredible characters - mostly through taking part in unexpected activities. Lev and I each bring a different perspective to our travels, which makes it more rewarding for each of us - and it is a real privilege to share our experiences with the discovery + audience.”

“Along with the rich content that draws upon the history and diversity of two countries, the format's authenticity and this unique route is what makes this expedition so captivating. We are thrilled to collaborate with renowned explorer Lev and his friend Ash whose incredible experiences on this unique adventure are sure to capture the audience’s attention”, said Sai Abishek, Head of Factual & Lifestyle Cluster- South Asia, Warner Bros. Discovery. He added, “We at Warner Bros. Discovery are known for our impactful storytelling, high-definition content where adventure genre is what we are known for and are happy to bring that expertise and experience to our viewers in India and around the world.”

In the series, Lev and Ash trek through the snow-capped mountains of the Gurez valley in Kashmir to witness the majestic beauty of the borderlands. The duo engage in local sports like Horse Polo on both sides of the border, a quick game of cricket at Teetwal, and countless more in the course of their journey. They immerse themselves in an authentic cultural adventure and indulge in song and dance along with Dashungs, a local Ladakhi band. In Amritsar, they offer their prayers and services at the Golden Temple with the Langar Seva. On the other side of the border, they relish local food delicacies like offal (goat’s testicles, brain, heart) in Lahore, and attend a local Qawwali performance. Amidst gallivanting escapades, they traverse rocky terrains to see the gleaming Indus River and catch a glimpse of the illustrious sunset in Gilgit amidst breathtaking views of the Himalayas.

Get ready to catch Levison Wood and Ash Bhardwaj on their quest to explore the lives of people living along the borders of India and Pakistan only on discovery+ from 8th September onwards.

About Levison Wood

Levison Wood is a world-renowned explorer, photographer and author. His thirst for adventure started in his early twenties with a five month hitchhike from the UK to India after finishing university. He has since walked the length of the river Nile, over the Himalayas, Central America, crossed the Caucasus, circumnavigated the Arabian Peninsula and followed the migration and conservation of elephants in Botswana. His critically acclaimed television series have been broadcast around the world, including ‘Walking the Himalayas' with Discovery channel. He has written ten best-selling books. Wood has long been fascinated with India and Pakistan and now wants to understand what binds them together but makes each of them unique.

About Ashwin Bhardwaj

Ash Bhardwaj is an award-winning travel-writer, film-maker and broadcaster. His love of travel began with a rugby tour to New Zealand, ski-instructing in Switzerland, backpacking around India, and being a cowboy in Australia. Ash then became a travel journalist, and he now writes for all of the major British newspapers, reports for international broadcasters, and lectures in Journalism at City, University of London. Ash has travelled to every environment on the planet, and walked over 3000km with Levison, filming his journeys in Uganda, Sudan, India, Honduras, Georgia, Oman, Israel and Palestine. Ash recently finished an 8500km overland journey from the Norwegian Arctic to Ukraine, exploring the legacy of Russian occupation, and he co-presents the travel podcast The First Mile. Ash is half-Indian and half-British, and he loves nothing more than immersing himself in his heritage. This journey is a chance to explore his family’s past in places that he never thought he could visit.

About discovery+

‘discovery+’, an exciting D2C streaming app is launched to satiate the unmet need of a differentiated product, offering premium real-life entertainment. Priced competitively at INR 399 per annum, the app is developed and curated specifically for India. Discovery+ offers thousands of hours of exclusive content across 55+ genres, including Science, Adventure, Food and Lifestyle, in 7 languages including Hindi, English, Tamil, Telugu, Malayalam, Kannada and Bengali. The premium subscribers have access to a pool selection of never-seen-before Premium Discovery titles, must-watch documentaries, India originals and exclusive acquisitions. Free users of the app have access to all-time favourites from the Discovery library.

Axis Mutual Fund Launches ‘Axis Silver ETF’ And ‘Axis Silver Fund of Fund’

Key Highlights for Axis Silver ETF:

•          Category: An open ended scheme replicating/tracking domestic price of Silver

•          Benchmark: Domestic price of physical Silver based on LBMA Silver daily spot AM fixing price 

•          Fund Manager: Pratik Tibrewal, Fund Manager, Commodities 

•          NFO open date: 2nd September, 2022 | NFO close date: 15th September, 2022

•          Minimum Application Amount: INR 500 per application and in multiples of INR 1/- thereafter

•          Creation Unit Size: 30,000 units of the ETF (each unit of the ETF will be approximately equal to one gram of Silver) and cash component, if any

•          Exit Load: Nil

Key Highlights for Axis Silver Fund of Fund (Axis Silver FoF):

•          Category: An open ended fund of fund scheme investing in units of Axis Silver ETF  

•          Benchmark: Domestic price of physical Silver based on LBMA Silver daily spot AM fixing price 

•          Fund Manager: Aditya Pagaria, Fund Manager, Fixed Income

•          NFO open date: 2nd September, 2022 | NFO close date: 15th September, 2022

•          Minimum Application Amount: INR 5000 per application and in multiples of INR 1/- thereafter

•          Exit Load:

* If redeemed/switched out within 7 days from the date of allotment: 0.25%

* If redeemed/switched out after 7 days from the date of allotment: Nil

Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis Silver ETF (an open ended scheme replicating/tracking domestic price of Silver) and Axis Silver Fund of Fund (an open ended fund of fund scheme investing in units of Axis Silver ETF), today. Pratik Tibrewal, Fund Manager, Commodities will be managing the Axis Silver ETF and the minimum application amount would be INR 500 per application and in multiples of INR 1/- thereafter. Aditya Pagaria, Fund Manager, Fixed Income will be managing the Axis Silver FoF and the minimum application amount be INR 500 and in multiples of Re 1/- per application in the ETF & INR 5,000 and in multiples of INR 1/- thereafter in the FoF. Both the funds will be benchmarked against the LBMA Silver daily spot AM fixing price and both NFOs open for subscription on 02nd September 2022 and close on 15th September 2022.

As a precious metal, Silver has always found a place of significance in the Indian culture. However, investing in Silver in its physical form may pose challenges with respect to corrosion over time, safety, purity of the metal, liquidity risk etc. Thankfully, investors can opt to gain exposure to the precious metal via an ETF (Exchange Traded Fund) that aims to generate returns in line with the performance of physical silver in domestic prices, subject to tracing error. Investors who do not have a Demat account can gain exposure by investing in Silver FoF (Fund of Fund).

Fundamental Drivers of the Silver Market

A versatile metal, Silver has widespread usage across multiple sectors, thereby creating a unique opportunity for investors. A testament to its growing importance is that it has gained increased acceptance even in industries like Bio Pharma and Medical Technologies, Power Generation and Clean Energy, and Electric Vehicles and Mobility Technologies by powering new-age technologies to solve global challenges. Furthermore, Silver not only provides diversification to the portfolio but also has the potential to provide a hedge against inflation. One of the key factors that make the economic outlook of silver promising is the expected rise in its demand going forward outpacing supply.

Salient features of the Axis Silver ETF and Axis Silver FoF:

·         Funds will invest in industry standard 30 kg Physical silver bullion of 999 parts per 1000 fineness

·         Purchase/sale of Silver done with reputed institutions and bullion traders to ensure minimal trading costs and quality

·         Hassle free ownership in Demat form*/MF Units**

·         Storage, transport and insurance hassles of Silver taken care by Axis AMC

·         Exchange liquidity – Investors can buy and sell ETF units on NSE at their convenience

Chandresh Nigam, MD & CEO, Axis AMC said, “Silver’s interesting proposition wherein it has the ability to act as an industrial commodity as well as a precious metal is one of the key factors that we believe will drive its significance. Now that investors have access to investing in Silver via ETFs, it will further increase the metal’s value as a promising asset class in the future. With the launch of Axis Silver ETF and Axis Silver FoF, we aim to seamlessly integrate available market opportunities with an investment strategy that allows investors to gain distinctive exposure to the metal. The new scheme’s approach aligns with our philosophy and we believe, will be a notable addition to our portfolio of products.”

*Axis Sliver ETF units will be available in dematerialized unit form only

**Axis Silver FoF will invest a majority of its assets in Axis Silver ETF and investors will be allotted MF units that can be freely transacted directly with the AMC subject to applicable exit loads, levy’s and taxes as applicable. Units of Axis Silver FoF will not be listed on exchange platforms.

Sources: AMFI, Axis MF Research

Note: Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or the model portfolio and the same may vary post NFO when actual investments are made.

Investors will be bearing the recurring expenses of the scheme in addition to the expenses of other schemes in which Fund of Funds scheme makes investment.