HDFC Silver ETF
HDFC Mutual Fund · Silver ETF · exchange-traded fund
NAV (₹), 1 Oct 2026
209.7977
1-day change
0.14%
1Y return
50.5%
3Y CAGR
44.2%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 2 Sep 2022 to 1 Oct 2026
Returns vs Silver ETF median (19 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.2% | -4.1% |
| 3 months | -1.2% | -1.0% |
| 6 months | -7.8% | -7.6% |
| Year to date | -4.1% | -3.7% |
| 1 year | 50.5% | 51.0% |
| 3 years (CAGR) | 44.2% | 44.1% |
| 5 years (CAGR) | n/a | n/a |
| 7 years (CAGR) | n/a | n/a |
| 10 years (CAGR) | n/a | n/a |
| Since first NAV (CAGR) | 40.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 29.0% | 35.5% |
| 3Y rolling median | 45.8% | 45.7% |
| 3Y rolling worst | 30.2% | 30.2% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | n/a |
| 5Y rolling worst | n/a | n/a |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 44.1% | 43.2% |
| Sharpe ratio | 0.84 | 0.86 |
| Sortino ratio | 1.86 | 1.94 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −44.4% | −44.4% |
| Maximum drawdown, last 10Y | n/a | n/a |
| Maximum drawdown, last 5Y | n/a | n/a |
| Current drawdown | −41.7% | −41.5% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Bhagyesh Kagalkar | Fund Manager of the Scheme | 2 Sep 2022 |
Objective: The investment objective of the Scheme is to generate returns that are in line with the performance of physical Silver in domestic prices, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Silver# : 95% - 100%; Debt Securities & Money Market Instruments, units of Debt Schemes of Mutual Funds : 0% -5%. #includes physical Silver and other Silver related instruments which may be permitted by SEBI from time to time and currently includes Exchange Traded Commodity Derivatives (ETCDs) having Silver as the underlying. For detailed asset allocation, refer Scheme Information Document (SID) available on the website
Benchmark (tier 1): Domestic Prices of physical Silver (derived as per regulatory norms)
Minimum application: On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors): Units of HDFC Silver ETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and/or BSE on which the Units are listed. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 30,000 units. For details, refer Scheme Information Document (SID) available on the website.
Allotment date: 2 Sep 2022
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), ETF | 0.50% | 0.35% |
| AUM, whole scheme (₹ crore) | 7,724 | 1,788 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|
Official benchmark: Domestic Prices of physical Silver (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Silver ETF ETFs; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -4.1% | n/a | – |
| 2025 | 160.8% | n/a | – |
| 2024 | 18.0% | n/a | – |
| 2023 | 0.6% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,245 | 6.6% |
| 3 years | ₹3,60,000 | ₹7,26,386 | 51.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
About ETF figures. All figures use the ETF's NAV as published by AMFI. Investors buy and sell ETFs on the stock exchange at the traded price, which can be above or below NAV and adds brokerage and bid-ask costs. Liquidity varies between ETFs.
Scheme facts
AMC: HDFC Mutual Fund
Category: Silver ETF
Plan / option: ETF · Growth
AMFI scheme code: 150556
ISIN: INF179KC1DI2
First NAV in MFIC data: 2 Sep 2022
History: 4.1 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| SBI Silver ETF | Silver ETF | 1.00 | n/a |
| Edelweiss Silver ETF | Silver ETF | 1.00 | n/a |
| Tata Silver Exchange Traded Fund | Silver ETF | 0.99 | n/a |
| Mirae Asset Silver ETF | Silver ETF | 0.99 | 44.0% |
| UTI Silver Exchange Traded Fund | Silver ETF | 0.99 | 43.5% |
| ICICI PRUDENTIAL SILVER ETF | Silver ETF | 0.99 | 44.2% |
Questions about HDFC Silver ETF
- What is the latest NAV of HDFC Silver ETF?
- The NAV of the ETF was ₹209.7977 on 1 Oct 2026, as published by AMFI.
- Which category is HDFC Silver ETF in?
- It is classified as Silver ETF in AMFI's daily NAV file; a Silver ETF scheme is backed by physical silver and trades on the stock exchange. MFIC compares it with 19 Silver ETF schemes (ETFs).
- What returns has HDFC Silver ETF delivered?
- Over one year the NAV changed by 50.5%. The 3-year CAGR is 44.2% (category median 44.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 45.8%, the lowest was 30.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HDFC Silver ETF's NAV?
- The largest peak-to-trough fall in its available history was 44.4%.
- How volatile is HDFC Silver ETF?
- Its annualised standard deviation of monthly returns over the last 36 months is 44.1%, which is above the Silver ETF category median of 43.2%.
- What would a monthly SIP in HDFC Silver ETF have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹7,26,386 on 1 Oct 2026, an annualised return (XIRR) of 51.3%. This uses the ETF plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HDFC Silver ETF?
- The total expense ratio of the ETF is 0.50% a year, as disclosed to AMFI (median of Silver ETF ETFs: 0.35%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HDFC Silver ETF?
- Assets under management of the whole scheme were ₹7,724 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HDFC Silver ETF?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- Who manages HDFC Silver ETF?
- According to its Scheme Summary Document, HDFC Silver ETF is managed by Bhagyesh Kagalkar (since 2 Sep 2022).
- What is the minimum investment in HDFC Silver ETF?
- The minimum application amount is On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors): Units of HDFC Silver ETF can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and/or BSE on which the Units are listed. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 30,000 units. For details, refer Scheme Information Document (SID) available on the website.. SIP details: SIP, SWP, STP: Not Applicable.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use ETFs in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.