ETFOther ETFsHigh

ICICI Prudential Silver ETF

Q: What is the NAV of ICICI Prudential Silver ETF?

As of 05 Oct 2026, the NAV of ICICI Prudential Silver ETF is ₹221.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Silver ETF delivered?

ICICI Prudential Silver ETF has returned +52.40% over 1 year, +47.61% per year over 3 years and +29.58% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF charges an expense ratio of 0.40% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF's largest holdings are Silver (99.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 37.0% and its worst peak-to-trough fall in our sample was -44.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Silver ETF's 1.11 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is benchmarked against the Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is managed by Nishit Patel, Ashwini Shinde, Venus Ahuja and Gaurav Chikane at ICICI Prudential.

Q: How is ICICI Prudential Silver ETF taxed?

ICICI Prudential Silver ETF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 1 year are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 1 year or less are taxed at your income-tax slab rate.

ICICI Prudential Mutual Fund

NAV

₹221.44

+1.06% 1D

as of 05 Oct 2026

Compare SIP calculator

NAV history

+48.94%absolute

52-week rangePrev NAV ₹219.13

Latest ₹221.44

Low ₹141.9134th percentile of its 52-week rangeHigh ₹375.38

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable ETF funds (same plan and option) to rank against yet.

PerformanceStrong

3Y CAGR +47.61% · ranks 2 of 109 Other ETFs funds

RiskHigh

Volatility 37.0% vs 16.3% category avg

CostAverage

0.4% expense vs 0.4% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+52.40%) beats the Other ETFs average (+0.76%)
3-year return (+47.61%) beats the Other ETFs average (+10.27%)
Ranks #2 of 183 on 1-year return in its Other ETFs cohort
Stronger risk-adjusted returns — Sharpe 1.11 vs 0.20 Other ETFs average
Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its Other ETFs peers (37.0% vs 16.3%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.40%

Category 0.39%▲0.01%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category 22.23

Excess return per unit of total volatility (rf = 6.5%)

1.11

Category 0.20▲0.91

Scheme Info

Definitions

Plan

—

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

—

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Domestic Price of Silver

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

25 Jan 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.97%

Absolute return over the last 3 months (not annualized)

-4.28%

Absolute return over the last 6 months (not annualized)

-1.88%

Absolute return since 1 Jan of this year (not annualized)

-2.74%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+52.40%

3-year annualized return (CAGR)

+47.61%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+29.58%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

37.04%

Excess return per unit of total volatility (rf = 6.5%)

1.11

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

1.51

Largest peak-to-trough decline over full history

-44.56%

Benchmark ratios

Not shown for Other ETFs — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Other ETFs)

Period	Fund	Category avg.	Diff
1M abs	-4.97%	-4.77%	-0.20%
3M abs	-4.28%	-4.31%	+0.03%
6M abs	-1.88%	+4.97%	-6.85%
1Y CAGR	+52.40%	+0.76%	+51.64%
3Y CAGR	+47.61%	+10.27%	+37.34%
5Y CAGR	—	+7.79%	—

Category average across peers in Other ETFs (up to 214 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 214 peers in Other ETFs

1Y return

+52.40%

Beats 99.5% · rank #2

3Y return

+47.61%

Beats 99.1% · rank #2

5Y return

—

Sharpe

1.11

Beats 95.3% · rank #6

Sortino

1.51

Beats 95.3% · rank #6

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹7.13L

Absolute

+98.02%

XIRR

+52.64%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into ICICI Prudential Silver ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-2.74%
2025	+161.71%
2024	+16.66%
2023	+1.95%
2022part	+11.46%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,140

Expense ratio

0.40%

AUM

₹15,115Cr

Exit load

Nil

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 1 year get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 1 year

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 1 year or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Other ETFs

Compare all


ICICI Prudential Silver ETFThis fund ICICI Prudential	—	+52.40%	+47.61%	—	—	0.40%	₹15,115Cr
HDFC Silver ETF HDFC · Growth	—	+51.56%	+47.81%	—	—	0.50%	₹7,960Cr
Kotak Silver ETF Kotak Mahindra	—	+52.29%	+47.52%	—	—	0.35%	₹3,625Cr
Nippon India Silver ETF Nippon India · Direct · Growth	—	+51.91%	+47.19%	—	—	0.58%	₹31,737Cr
Motilal Oswal Nasdaq 100 ETF Motilal Oswal	—	+33.71%	+33.90%	+21.91%	—	0.60%	—
Motilal Oswal Nasdaq Q50 ETF Motilal Oswal	—	+40.70%	+32.02%	—	—	0.57%	₹162.45Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other99.05%
Cash & Equivalents0.94%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-44.6%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-28.1%09 Mar 2022 → 01 Sep 2022
Fell over 6 months, back to the old high on 03 Jan 2023 — 4 months under water after the low.
-19.9%14 Oct 2025 → 28 Oct 2025
Fell over 14 days, back to the old high on 03 Dec 2025 — 36 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹15,115Cr

April - June 2026

-10%

since January - March 2026

−₹3,256Cr

est. net flow, last quarter

Down +10% from its peak of ₹16,885Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

NPNishit PatelStart date not disclosed

Role

Fund Manager – Passive Funds

Education

Chartered Analyst (CFA) (Level I), Chartered and B.Com

Experience

Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2017. He has over 7 years of experience. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ETF Business - November 2017 – January 2020. •

Funds managed (58)

All schemes Nishit Patel runs →

ASAshwini ShindeStart date not disclosed

Role

Manager - Dealer Support

Total experience

Over 6 years

Education

Bachelor of Commerce (B.Com), Master of Commerce (M.Com) from Mumbai University and Inter CA

Experience

During November 2024, Ms. Ashwini was appointed as fund manager for certain passive schemes. Prior to this she was working as the Deputy Manager Dealer Support in the Investment Department of ICICI Prudential Asset Management Company Limited w.e.f. August 1, 2024. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Treasury Mutual Fund Operations - March 14, 2016 to January 30, 2020 ~ ICICI Prudential Asset Management Company Limited - Treasury Mutual ICICI Prudential Nifty IT ETF Fund Operations - August 3, 2021 to July 31, 2024.

Funds managed (57)

All schemes Ashwini Shinde runs →

VAVenus AhujaStart date not disclosed

Role

Dealer – ETF

Total experience

Over 3 years

Education

Chartered Accountant and B.Com

Experience

Ahuja has appointed as the Fund effect from dealer in the Company Asset Company – Investment August 6

Funds managed (34)

All schemes Venus Ahuja runs →

GCGaurav ChikaneStart date not disclosed

Role

Senior Manager – Dealing

Total experience

Over 10 years

Education

B.E. (IT), MBA (Finance) Since this is a new scheme, of the fund manager for this Scheme is not available.

Experience

appointed as the in the Department Company July 1, is currently a ICICI Prudential Gold ETF Exchange Traded Inditrade Business Limited – Limited – Accenture Services – IT

Funds managed (5)

All schemes Gaurav Chikane runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Nishit Patel Ashwini Shinde Venus Ahuja Gaurav Chikane

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of ICICI Prudential Silver ETF?

As of 05 Oct 2026, the NAV of ICICI Prudential Silver ETF is ₹221.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Silver ETF delivered?

ICICI Prudential Silver ETF has returned +52.40% over 1 year, +47.61% per year over 3 years and +29.58% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF charges an expense ratio of 0.40% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF's largest holdings are Silver (99.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 37.0% and its worst peak-to-trough fall in our sample was -44.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 1.11 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Silver ETF's 1.11 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is benchmarked against the Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Silver ETF?

ICICI Prudential Silver ETF is managed by Nishit Patel, Ashwini Shinde, Venus Ahuja and Gaurav Chikane at ICICI Prudential.

How is ICICI Prudential Silver ETF taxed?

ICICI Prudential Silver ETF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 1 year are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 1 year or less are taxed at your income-tax slab rate.