Kotak Silver ETF
Kotak Mahindra Mutual Fund · Silver ETF · exchange-traded fund
NAV (₹), 1 Oct 2026
21.3013
1-day change
0.15%
1Y return
51.2%
3Y CAGR
44.1%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 13 Dec 2022 to 1 Oct 2026
Returns vs Silver ETF median (19 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.2% | -4.1% |
| 3 months | -1.0% | -1.0% |
| 6 months | -7.6% | -7.6% |
| Year to date | -3.7% | -3.7% |
| 1 year | 51.2% | 51.0% |
| 3 years (CAGR) | 44.1% | 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) | 34.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 30.8% | 35.5% |
| 3Y rolling median | 47.3% | 45.7% |
| 3Y rolling worst | 40.0% | 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.) | 43.2% | 43.2% |
| Sharpe ratio | 0.86 | 0.86 |
| Sortino ratio | 1.94 | 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 | −44.5% | −44.4% |
| Maximum drawdown, last 10Y | n/a | n/a |
| Maximum drawdown, last 5Y | n/a | n/a |
| Current drawdown | −41.6% | −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 |
|---|---|---|
| Jeetu Valecha | 9 Dec 2022 | |
| Abhishek Bisen | 9 Dec 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. The Scheme may also participate in silver related instruments. Exchange Traded Commodity Derivatives (ETCDs) having silver as the underlying shall be considered as Silver related instrument for Silver ETFs. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Stated asset allocation: Silver and instruments with Silver as underlying that may be specified by SEBI - 95% to 100% - Medium to High (Risk Profile) Debt & Money Market Instruments including units of Debt oriented Mutual Funds- 0% to 5% - Low to Medium (Risk Profile)
Benchmark (tier 1): Domestic Prices of physical Silver
Minimum application: Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. The aforesaid limit of Rs.25 crores is not applicable for Market Makers. Market Makers / Large Investors may exchange Portfolio Deposit / cash equivalent to the portfolio deposit and applicable cash component and transaction handling charges for Purchase of Units of the Scheme in ‘Creation Unit’ size or in multiples thereof directlyfrom the Mutual Fund, as defined by the Scheme for that respective Business Day. Units may be allotted only on realization of the full consideration for creation unit and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. The units are listed on NSE to provide liquidity through secondary market. All categories of Investors may purchase the units through secondary market on any trading day. • The AMC shall appoint at least two Market Makers, who are members of the Stock Exchanges, for ETFs to provide continuous liquidity on the stock exchange platform by providing two-way quotes in the units of the Scheme during trading hours. Switches are not allowed under the scheme
Allotment date: 12 Dec 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 | 0.35% | 0.35% |
| AUM, whole scheme (₹ crore) | 3,921 | 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 | -3.7% | n/a | – |
| 2025 | 161.1% | n/a | – |
| 2024 | 16.6% | n/a | – |
| 2023 | 2.9% | 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 | ₹1,22,933 | 4.6% |
| 3 years | ₹3,60,000 | ₹7,26,302 | 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
Category: Silver ETF
Plan / option: ETF · Growth
AMFI scheme code: 150948
ISIN: INF174KA1ZD3
First NAV in MFIC data: 13 Dec 2022
History: 3.8 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 |
|---|---|---|---|
| Edelweiss Silver ETF | Silver ETF | 1.00 | n/a |
| Mirae Asset Silver ETF | Silver ETF | 1.00 | 44.0% |
| SBI Silver ETF | Silver ETF | 1.00 | n/a |
| ICICI PRUDENTIAL SILVER ETF | Silver ETF | 1.00 | 44.2% |
| Nippon India Silver ETF | Silver ETF | 1.00 | 43.8% |
| Aditya Birla Sun Life Silver ETF | Silver ETF | 1.00 | 44.2% |
Questions about Kotak Silver ETF
- What is the latest NAV of Kotak Silver ETF?
- The NAV of the ETF was ₹21.3013 on 1 Oct 2026, as published by AMFI.
- Which category is Kotak 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 Kotak Silver ETF delivered?
- Over one year the NAV changed by 51.2%. The 3-year CAGR is 44.1% (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 47.3%, the lowest was 40.0%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Kotak Silver ETF's NAV?
- The largest peak-to-trough fall in its available history was 44.5%.
- How volatile is Kotak Silver ETF?
- Its annualised standard deviation of monthly returns over the last 36 months is 43.2%, which is above the Silver ETF category median of 43.2%.
- What would a monthly SIP in Kotak 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 ₹7,26,302 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 Kotak Silver ETF?
- The total expense ratio of the ETF is 0.35% 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 Kotak Silver ETF?
- Assets under management of the whole scheme were ₹3,921 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Kotak 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 Kotak Silver ETF?
- According to its Scheme Summary Document, Kotak Silver ETF is managed by Jeetu Valecha (since 9 Dec 2022), Abhishek Bisen (since 9 Dec 2022).
- What is the minimum investment in Kotak Silver ETF?
- The minimum application amount is Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors provided the value of units to be purchased is in creation unit size or multiples thereof. The aforesaid limit of Rs.25 crores is not applicable for Market Makers. Market Makers / Large Investors may exchange Portfolio Deposit / cash equivalent to the portfolio deposit and applicable cash component and transaction handling charges for Purchase of Units of the Scheme in ‘Creation Unit’ size or in multiples thereof directlyfrom the Mutual Fund, as defined by the Scheme for that respective Business Day. Units may be allotted only on realization of the full consideration for creation unit and at the value at which the underlying stocks for the creation unit is purchased against that purchase request. The units are listed on NSE to provide liquidity through secondary market. All categories of Investors may purchase the units through secondary market on any trading day. • The AMC shall appoint at least two Market Makers, who are members of the Stock Exchanges, for ETFs to provide continuous liquidity on the stock exchange platform by providing two-way quotes in the units of the Scheme during trading hours. Switches are not allowed under the scheme.
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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.