ETFSilver ETFHigh

Axis Silver ETF

Q: What is the NAV of Axis Silver ETF?

As of 05 Oct 2026, the NAV of Axis Silver ETF is ₹220.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Silver ETF delivered?

Axis Silver ETF has returned +52.12% over 1 year, +48.46% per year over 3 years and +40.12% 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 Axis Silver ETF?

Axis Silver ETF charges an expense ratio of 0.42% 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 Axis Silver ETF?

Axis Silver ETF's largest holdings are SILVER 999 1KG BAR (98.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Silver ETF?

Axis 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 -44.3%. 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 1.13 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Silver ETF's 1.13 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis Silver ETF?

Axis Silver ETF is benchmarked against the Domestic price of physical silver. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Silver ETF?

Axis Silver ETF is managed by Aditya Pagaria and Pratik Tibrewal at Axis.

Q: How is Axis Silver ETF taxed?

Axis 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.

Axis Mutual Fund

NAV

₹220.57

+1.04% 1D

as of 05 Oct 2026

Compare SIP calculator

NAV history

+48.68%absolute

52-week rangePrev NAV ₹218.29

Latest ₹220.57

Low ₹141.6234th percentile of its 52-week rangeHigh ₹372.62

Scorecard

★★★★★5/5 vs 41 ETF peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked against all ETF funds (same plan and option) — too few funds in its own sub-category to rank within it.

Performance—

Not enough Silver ETF peers to rank yet

RiskModerate

Volatility 37.1% vs 40.9% category avg

Cost—

0.4% expense (no category average yet)

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

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.42%

Category —

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

—

Category —

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

1.13

Category —

Scheme Info

Definitions

Plan

—

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

—

Exit Load

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Domestic price of physical 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.

27 Sep 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.92%

Absolute return over the last 3 months (not annualized)

-4.24%

Absolute return over the last 6 months (not annualized)

-1.85%

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

-2.69%

Annualized returns (≥1Y — CAGR)

Definitions

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

+52.12%

3-year annualized return (CAGR)

+48.46%

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.

+40.12%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

37.10%

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

1.13

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

1.54

Largest peak-to-trough decline over full history

-44.33%

Benchmark ratios

Not shown for Silver ETF — 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 (Silver ETF)

Period	Fund	Category avg.	Diff
1M abs	-4.92%	-4.94%	+0.02%
3M abs	-4.24%	-4.28%	+0.04%
6M abs	-1.85%	-1.92%	+0.07%
1Y CAGR	+52.12%	+52.00%	+0.12%
3Y CAGR	+48.46%	—	—
5Y CAGR	—	—	—

Category average across peers in Silver ETF (up to 6 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 6 peers in Silver ETF

1Y return

+52.12%

Beats 80% · rank #2

3Y return

+48.46%

—

5Y return

—

Sharpe

1.13

—

Sortino

1.54

—

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

₹7.12L

Absolute

+97.65%

XIRR

+52.48%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Axis 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	-2.69%
2025	+160.88%
2024	+16.18%
2023	+3.32%
2022part	+27.43%

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

997

Expense ratio

0.42%

AUM

₹2,030Cr

Exit load

THE SCHEME Description Axis Silver ETF (‘the Scheme’) Exchange Traded Fund (ETF) An open ended scheme replicating/tracking Domestic Price of Silver. AXIS/O/O/OET/22/07/0065 To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved. On the exchange: Th

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 · Silver ETF

Compare all


Axis Silver ETFThis fund Axis	★★★★★ CAT	+52.12%	+48.46%	—	—	0.42%	₹2,030Cr
UTI Silver Exchange Traded Fund UTI · Direct · Growth	★★★★☆ CAT	+52.07%	+47.49%	—	—	—	₹1,420Cr
DSP Silver ETF DSP	★★★★☆ CAT	+52.35%	+47.45%	—	—	0.40%	₹1,710Cr
Mirae Asset Silver ETF Mirae Asset	★★★★☆ CAT	+52.06%	+47.38%	—	—	0.35%	₹1,071Cr
360 ONE Silver ETF 360 One · Direct · Growth	★★★★★ 1Y CAT	+51.96%	—	—	—	—	₹47.84Cr
Groww Silver ETF Groww	★★★★☆ 1Y CAT	+51.56%	—	—	—	0.53%	₹329.14Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other97.98%
Cash & Equivalents2.02%

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.

-44.3%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-19.8%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.
-16.6%02 Feb 2023 → 08 Mar 2023
Fell over 34 days, back to the old high on 05 Apr 2023 — 28 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

₹2,030Cr

April - June 2026

+1%

since January - March 2026

−₹147.39Cr

est. net flow, last quarter

At or near its largest, ₹2,030Cr in April - June 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

Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

APAditya PagariaStart date not disclosed

Role

Fund Manager - Fixed Income

Education

Bachelor in Management Studies, Post Graduate Diploma in Business Management

Experience

Total number years of experience: 18 years, his last 10 are as follows: • Axis Asset Management Company (Fund Manager 12 Fixed Income) (August 1, 2016 till date) • ICICI Prudential Asset Management Company (Fund Manager Fixed Income) (Nov. 30, 2011 - July 26, 2016) • (Operations)- (May 03, 2007 - Nov. 29, 2011)

Funds managed (17)

All schemes Aditya Pagaria runs →

PTPratik TibrewalStart date not disclosed

Role

Fund Manager – Commodities & Assistant Dealer – Fixed Income

Education

B.com, LLB (Gen), MBA (Finance)

Experience

13 years, his last 10 are as follows: • Axis Asset Management Company Limited (Fund Manager – Commodities & Assistant Dealer – Fixed Income for Mutual Fund) (February 01, 2025 till date) • Axis Asset Management Company Limited (Fund Manager – Debt PMS) (June 01, 2024 to January 31, 2025) • Axis Asset Management Company Limited (Fund Manager – Commodities Mutual Fund) (June 01, 2022 to May 31, 2024) • Inditrade Capital Limited (August 31, 2018 to May 31, 2022) • Edelweiss Asset Management Limited (January 31, 2018 to August 30, 2018) • Inditrade Capital Limited (November 16, 2016 to January 30, 2018) • Edelweiss Commodities trading Ltd. • (July 12, 2012 to November 15, 2016)

Funds managed (4)

All schemes Pratik Tibrewal 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

Aditya Pagaria Pratik Tibrewal

Axis 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.

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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 Axis Silver ETF?

As of 05 Oct 2026, the NAV of Axis Silver ETF is ₹220.57 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Silver ETF delivered?

Axis Silver ETF has returned +52.12% over 1 year, +48.46% per year over 3 years and +40.12% 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 Axis Silver ETF?

Axis Silver ETF charges an expense ratio of 0.42% 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 Axis Silver ETF?

Axis Silver ETF's largest holdings are SILVER 999 1KG BAR (98.0%). Holdings are disclosed monthly and change over time.

How risky is Axis Silver ETF?

Axis 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 -44.3%. 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 1.13 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Silver ETF's 1.13 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis Silver ETF?

Axis Silver ETF is benchmarked against the Domestic price of physical silver. Its alpha and beta on this page are measured against that index.

Who manages Axis Silver ETF?

Axis Silver ETF is managed by Aditya Pagaria and Pratik Tibrewal at Axis.

How is Axis Silver ETF taxed?

Axis 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.