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ICICI Securities targets NRIs with precious metals product

ICICI Securities Private Wealth Management has launched marketing on a product called Milestone Bullion Series – 1, which targets NRIs. Up to 40% of the portfolio is linked to gold, up to 40% to silver and up to 30% to gold-linked structures, with an expected portfolio size of Rs3bn (US$65m). There is an initial fee of 2%–2.5%, an annual management…

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