SBI Silver ETF is an open-ended mutual fund scheme launched by SBI Mutual Fund. The scheme aims to generate returns that reflect the performance of physical silver in domestic prices, subject to tracking error. There is no guarantee that the investment objective of the scheme will be achieved. The minimum subscription amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The New Fund Offer will be open for subscription from June 24, 2024 to June 27, 2024.
The investment objective of the SBI Silver ETF is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme would be achieved.
This NFO of SBI Silver ETF is suitable for investors who are seeking long Term Wealth Creation and investment returns that track domestic prices of Silver, subject to tracking error
| Types of Instruments | Risk Profile | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
| Silver and / or silver related instruments | Very High | 95 | 100 |
| Government. Securities including Triparty Repo, and units of liquid mutual fund | Low | 0 | 5 |
The performance of the SBI Silver ETF will be benchmarked to the performance of the price of Silver.
Ms. Vandna Soni, aged 37, has been managing the scheme since its inception. With an MBA, she joined SBIFML in December 2021 as an Equity Research Analyst. Her role involves tracking commodities and related sectors, including Cement, Metal, Oil, and Gas. She brings a decade of experience in financial services to her current position.
| Scheme Name | Launch Date | AUM (Crore) | TER (%) | 1 Yr Rtn. (%) | Since Launch Rtn. (%) |
| Axis Silver ETF | 20-09-2022 | 113.83 | 0.35 | 27.76 | 31.53 |
| ICICI Prudential Silver ETF | 21-01-2022 | 2,644.07 | 0.4 | 27.44 | 14.83 |
| Kotak Silver ETF | 12-12-2022 | 538.9 | 0.45 | 27.33 | 19 |
| Mirae Asset Silver ETF | 09-06-2023 | 63.51 | 0.42 | 27.33 | 21.32 |
| DSP Silver ETF | 19-08-2022 | 150.98 | 0.5 | 27.28 | 28.27 |
| Nippon India Silver ETF | 05-02-2022 | 2,731.83 | 0.51 | 27.24 | 16.86 |
| UTI Silver ETF | 17-04-2023 | 77.11 | 0.54 | 27.13 | 17.4 |
| ABSL Silver ETF | 28-01-2022 | 382.71 | 0.35 | 26.62 | 17.36 |
| HDFC Silver ETF Gr | 02-09-2022 | 195.97 | 0.4 | 26.21 | 33.53 |
| Edelweiss Silver ETF | 21-11-2023 | 49.8 | 0.39 | – | 22.11 |
Data as of June 21, 2024
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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