This is the Direct plan of Nippon India Silver ETF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow 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.
3Y CAGR +47.19% · ranks 1 of 20 Other ETFs funds
Volatility 36.6% vs 15.4% category avg
0.6% expense vs 0.3% category avg
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 (+51.91%) beats the Other ETFs average (+0.03%)
- 3-year return (+47.19%) beats the Other ETFs average (+10.55%)
- Ranks #2 of 33 on 1-year return in its Other ETFs cohort
- Stronger risk-adjusted returns — Sharpe 1.11 vs 0.23 Other ETFs average
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Other ETFs peers (36.6% vs 15.4%)
- High expense ratio (0.58%) vs the Other ETFs average of 0.33%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Other ETFs)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.97% | -4.56% | -0.41% |
| 3M abs | -4.31% | -3.75% | -0.56% |
| 6M abs | -2.02% | +3.54% | -5.56% |
| 1Y CAGR | +51.91% | +0.03% | +51.88% |
| 3Y CAGR | +47.19% | +10.55% | +36.64% |
| 5Y CAGR | — | +9.19% | — |
Category average across peers in Other ETFs (up to 35 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 35 peers in Other ETFs
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Nippon India 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 | -2.85% | |
| 2025 | +160.49% | |
| 2024 | +16.38% | |
| 2023 | +2.71% | |
| 2022part | +15.02% |
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.
Taxation
Taxed as non-equityThis 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.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other98.58%
- Cash & Equivalents1.42%
Fund size over time
Quarterly average AUM · AMFIDown +10% from its peak of ₹34,718Cr 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
Nippon India Mutual Fund is managed by Nippon Life India Asset Management, which took control of the former Reliance Mutual Fund in 2019 when Nippon Life of Japan bought out the Reliance Capital stake. It is among India's largest fund houses by assets and is best known for its small- and mid-cap franchise.
Fund Managers
VDVikram DhawanStart date not disclosed
Fund Manager – Commodities
B.E., PGDMM
Over 30 years of experience From August 1, 2019 till date NAM India – Fund Manager Commodities From February 27, 2019 - July 31, 2019 Nippon Life India AIF Management Limited – Fund Manager Commodities From October 16, 2017 - February 26, 2019 NAM India - Head Commodities May 2013 till September 2017 Commodity Risk Advisor May 2011 – Apr 2013 Risk Manager, Gold Matrix Pte, Singapore April 2009 – May 2011 Head Commodities, Reliance Capital Limited February 2007 – April 2009 Head Commodities, Reliance Mutual Fund April 2005 – January 2007 Head Commodities, Reliance Capital Limited January 2004 – March 2005 Head Commodity Risk Management, Vedanta Group November 2001 – December 2003 COO, Zee Gold Refinery (Shirpur Gold Refinery) August 2000 – October 2001 Country Manager, N.M. Rothschild & Sons. January 1998 – July 2000 Associate Director, Bank of Nova Scotia December 1994 – December 1997 Head Commodity Hedging, Birla Copper (Hindalco) September 1992 – November 1994 Materials Officer, Synthetics & Chemicals Ltd.
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
Nippon India 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.
MF Tracker: Nippon India Taiwan Equity Fund tops 1-year return chart with 118% gains. Can the strong perfo
The Economic Times · 1d ago
Nippon Life India AMC sets July 8 AGM, e-voting opens July 4
scanx.trade · 2d ago
Nippon India Ultra Short to Short Term Fund Growth
ClearTax · 2d ago
Nippon India Ultra Short Term Fund Growth
ClearTax · 5d ago
One in every 3.5 new MF folios came to Nippon India or HDFC in four years
Cafemutual · 6d ago
Nippon India Ultra Short to Short Term Fund - Retail Plan
CNBC TV18 · 7d ago
Nippon India Short Term Fund
CNBC TV18 · 7d ago
Nippon India Medium Term Fund - Direct Plan
CNBC TV18 · 7d ago
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 Nippon India Silver ETF?
As of 05 Oct 2026, the NAV of Nippon India Silver ETF is ₹212.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Nippon India Silver ETF delivered?
Nippon India Silver ETF has returned +51.91% over 1 year, +47.19% per year over 3 years and +30.64% 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 Nippon India Silver ETF?
Nippon India Silver ETF charges an expense ratio of 0.58% 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 Nippon India Silver ETF?
Nippon India Silver ETF's largest holdings are SILVER 999 ( in Kg) (98.6%). Holdings are disclosed monthly and change over time.
How risky is Nippon India Silver ETF?
Nippon India Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 36.6% and its worst peak-to-trough fall in our sample was -44.4%. 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. Nippon India Silver ETF's 1.11 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Nippon India Silver ETF?
Nippon India Silver ETF is benchmarked against the Domestic price of Silver (based on LBMA Silver daily spot fixing price). Its alpha and beta on this page are measured against that index.
Who manages Nippon India Silver ETF?
Nippon India Silver ETF is managed by Vikram Dhawan at Nippon India.
How is Nippon India Silver ETF taxed?
Nippon India 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.