What is the minimum purity of silver required for Silver ETFs as per LBMA standards?

99.5% 99% 99.99% 98%

What is the maximum expense ratio that fund houses can charge for Silver ETFs as per SEBI?

2% 1.5% 1% 0.5%

What is the tax rate for long-term capital gains on silver investments held for more than 36 months?

10% 15% 20% 25%

What is the primary factor that determines the NAV of a Silver ETF?

Fund manager's performance Expense ratio Spot price of silver Inflation rate

What is the maximum tracking error allowed for Silver ETFs by SEBI?

1% 1.5% 2% 2.5%

Which of the following is NOT a feature of Silver ETFs?

Acts as a hedge against inflation No storage costs Guaranteed returns Reduced portfolio risk

What is the minimum percentage of a Silver ETF's corpus that must be invested in silver and silver-related instruments?

90% 95% 100% 85%