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 +47.81% · ranks 1 of 39 Other ETFs funds
Volatility 37.1% vs 15.8% category avg
0.5% 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 (+51.56%) beats the Other ETFs average (+0.51%)
- 3-year return (+47.81%) beats the Other ETFs average (+10.16%)
- Ranks #3 of 64 on 1-year return in its Other ETFs cohort
- Stronger risk-adjusted returns — Sharpe 1.11 vs 0.17 Other ETFs average
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Other ETFs peers (37.1% vs 15.8%)
- High expense ratio (0.50%) vs the Other ETFs average of 0.32%
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 | -4.99% | -4.49% | -0.50% |
| 3M abs | -4.38% | -3.84% | -0.54% |
| 6M abs | -2.13% | +3.01% | -5.14% |
| 1Y CAGR | +51.56% | +0.51% | +51.05% |
| 3Y CAGR | +47.81% | +10.16% | +37.65% |
| 5Y CAGR | — | +8.93% | — |
Category average across peers in Other ETFs (up to 69 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 69 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 HDFC 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 | -3.09% | |
| 2025 | +160.81% | |
| 2024 | +17.99% | |
| 2023 | +0.61% | |
| 2022part | +36.12% |
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- Other98.25%
- Cash & Equivalents1.75%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹8,123Cr 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
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
BKBhagyesh KagalkarStart date not disclosed
• B.E (Production) Collectively • MMS (Finance)
over 31 years experience in Equity Research, investments and Finance • January 3, 2007 till Date: HDFC Asset Management Company Limited
- HDFC Aggressive Hybrid Fund
- HDFC Gold ETF - Growth Option
- HDFC Banking & Financial Services Fund - Direct Plan - Growth Option
- HDFC Banking and PSU Debt Fund - Direct Plan - Growth Option
- HDFC Corporate Bond Fund - Direct Plan - Growth Option
- HDFC Credit Risk Fund - Direct Plan - Growth Option
- HDFC DIVIDEND YIELD FUND - Direct Plan - Growth Option
- HDFC Dynamic Term Fund - Direct Plan - Growth Option
- HDFC ELSS - Tax Saver Fund - Direct Plan - Growth Option
- HDFC Flexi Cap Fund - Direct Plan - Growth Option
- HDFC Floating Interest Rates Fund - Direct Plan - Growth Option
- HDFC Focused Fund - Direct Plan - Growth Option
- HDFC Gilt Fund - Direct Plan - Growth Option
- HDFC Housing Opportunities Fund - Direct Plan - Growth Option
- HDFC Infrastructure Fund - Direct Plan - Growth Option
- HDFC INNOVATION FUND - Direct Plan - GROWTH OPTION
- HDFC Large & Mid Cap Fund - Direct Plan - Growth Option
- HDFC Large Cap Fund - Direct Plan - Growth Option
- HDFC Medium to Long Term Fund - Direct Plan - Growth Option
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
HDFC 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.
Moneycontrol hosts Mutual Fund Summit in New Delhi
MediaBrief · 12h ago
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
The Economic Times · 17h ago
HDFC FTSE India Equity ETF Direct growth
Upstox · 1d ago
HDFC Aggressive Hybrid Fund Direct Growth Option
ClearTax · 3d ago
HDFC ELSS - Tax Saver Fund -Direct Plan - Growth Option
ClearTax · 4d ago
HDFC Large & Mid Cap Fund Growth
ClearTax · 4d ago
Molbio Diagnostics Share Price Target Rs 1,600: Stock Jumps 5% as HDFC Mutual Fund Buys 1.99% in Bulk Deal
univest.in · 4d ago
HDFC MF launches FTSE India Equity ETF: What the new passive fund tracks
CNBC TV18 · 4d 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 HDFC Silver ETF?
As of 05 Oct 2026, the NAV of HDFC Silver ETF is ₹211.98 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Silver ETF delivered?
HDFC Silver ETF has returned +51.56% over 1 year, +47.81% per year over 3 years and +41.06% 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 HDFC Silver ETF?
HDFC Silver ETF charges an expense ratio of 0.50% 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 HDFC Silver ETF?
HDFC Silver ETF's largest holdings are SILVER (98.3%). Holdings are disclosed monthly and change over time.
How risky is HDFC Silver ETF?
HDFC Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 37.1% 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. HDFC Silver ETF's 1.11 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of HDFC Silver ETF?
HDFC Silver ETF is benchmarked against the Domestic Prices of physical Silver (derived as per regulatory norms). Its alpha and beta on this page are measured against that index.
Who manages HDFC Silver ETF?
HDFC Silver ETF is managed by Bhagyesh Kagalkar at HDFC.
How is HDFC Silver ETF taxed?
HDFC 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.