Mirae Asset Silver ETF

Very High Risk
Commodities
Sector - Precious Metals

NAV as on Dec 29, 2025

Price per unit of the scheme.

₹ 225.76501.87%1 Day Change

41.29%

1 Year Tracking Error

Volatility of active return (Fund return - Benchmark return)

Expense Ratio0.39%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

Mirae Asset Silver ETF

Commodities: Sector - Precious Metals Average NAV

Topper in Commodities: Sector - Precious Metals (ETFs only)

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

Mirae Asset Silver ETF

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

Domestic Price of Physical Silver

Expense Ratio

0.39%

Category Avg Expense Ratio

0.61%

1 Year Tracking Error

Lock In (Years)

No Lock-in

Fund Size

₹ 561.10 Cr(As on Nov, 2025)

Inception Date

Jun 09, 2023

Turnover

- %

Exit Load

ABOUT THE FUND

Objective: To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.

Mirae Asset Silver ETF is an Commodities - Sector - Precious Metals fund. The fund was launched inJun 09, 2023. Its risk level is . The NAV of the fund as onDec 29, 2025 is ₹225.77. Its expense ratio is 0.39 %. The fund has an AUM of ₹561.10 Cr.The fund is managed byRitesh Patel,Akshay Udeshi.
The minimum initial investment is ₹5000 in Lumpsum mode.

SUBSCRIBE TO

BUSINESS TODAY MAGAZINE

Subscribe Now

Already a subscriber?Login

FUND MANAGER

Ritesh Patel

Lead Fund Manager.

Jun 9, 2023 - Present

Schemes managed3
Total AUM₹ 3,211.88 Cr
Highest Return In 1 Yr33.20 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

₹ 13.21

-1.66%

Very High Risk

₹92.74Cr

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

₹ 36.17

-1.91%

Very High Risk

₹2,355.43Cr

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

₹ 25.47

4.08%

Very High Risk

₹763.71Cr

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk--

NAV₹ 13.21
Fund Size₹92.74Cr

Fund Return-1.66%

Category Return--

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk--

NAV₹ 36.17
Fund Size₹2,355.43Cr

Fund Return-1.91%

Category Return--

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk--

NAV₹ 25.47
Fund Size₹763.71Cr

Fund Return4.08%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Akshay Udeshi

Lead Fund Manager.

Aug 28, 2023 - Present

Schemes managed3
Total AUM₹ 457.09 Cr
Highest Return In 1 Yr9.89 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

₹ 19.55

-0.82%

-0.92%

Very High Risk

₹96.41Cr

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

₹ 19.31

-0.97%

Very High Risk

₹114.32Cr

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth

₹ 9.64

-3.32%

Very High Risk

₹246.36Cr

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk--

NAV₹ 19.55
Fund Size₹96.41Cr

Fund Return-0.82%

Category Return-0.92%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk--

NAV₹ 19.31
Fund Size₹114.32Cr

Fund Return-0.97%

Category Return--

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth

Very High Risk--

NAV₹ 9.64
Fund Size₹246.36Cr

Fund Return-3.32%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Nov, 2025

EQUITY (-%)

DEBT (-%)

CASH (2.09%)

Allocation by Market Cap

Other Cap(97.91%)

Industry Holdings

No Data For Allocation

Stock Holdings

No Data For Allocation

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
----
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
----
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
----
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
----
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
----
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
----

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
--
This Fund
VS
--
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
--
This Fund
VS
--
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
--
This Fund
VS
--
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
--
This Fund
VS
1.53
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
--
This Fund
VS
3.70
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
--
This Fund
VS
16.55
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Mirae Asset Investment Managers (India) Private Limited

Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 2,36,459.83 crores. It’s current offering of mutual fund schemes includes 22 equity, 14 debt and 13 hybrid schemes.