FoFFoF DomesticRegularGrowthHigh

Kotak Silver ETF Fund of Fund

Q: What is the NAV of Kotak Silver ETF Fund of Fund?

As of 01 Oct 2026, the NAV of Kotak Silver ETF Fund of Fund is ₹28.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Kotak Silver ETF Fund of Fund delivered?

Kotak Silver ETF Fund of Fund has returned +48.87% over 1 year, +42.40% per year over 3 years and +33.87% 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 Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund charges an expense ratio of 0.65% 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 Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (99.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 40.0% and its worst peak-to-trough fall in our sample was -45.6%. 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 0.90 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Silver ETF Fund of Fund's 0.90 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is benchmarked against the Domestic Prices of physical Silver. Its alpha and beta on this page are measured against that index.

Q: Who manages Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is managed by Abhishek Bisen and Jeetu Valechha Sonar at Kotak Mahindra.

Q: How is Kotak Silver ETF Fund of Fund taxed?

Kotak Silver ETF Fund of Fund 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 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Kotak Mahindra Mutual Fund · Best Domestic Fund of Funds

NAV

₹28.71

-0.47% 1D

as of 01 Oct 2026

This is the Regular plan of Kotak Silver ETF Fund of Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+52.49%CAGR

52-week rangePrev NAV ₹28.84

Latest ₹28.71

Low ₹18.3834th percentile of its 52-week rangeHigh ₹48.57

Scorecard

★★★★☆4/5 vs 75 of 152 FoF Domestic 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 within FoF Domestic (same plan and option). 75 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +42.40% · ranks 6 of 75 FoF Domestic funds

RiskHigh

Volatility 40.0% vs 17.2% category avg

CostAverage

0.6% expense vs 0.7% 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 (+48.87%) beats the FoF Domestic average (+10.94%)
3-year return (+42.40%) beats the FoF Domestic average (+18.40%)
Ranks #2 of 115 on 1-year return in its FoF Domestic cohort
Stronger risk-adjusted returns — Sharpe 0.90 vs 0.63 FoF Domestic average
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the FoF Domestic average on 1M/3M/6M
More volatile than its FoF Domestic peers (40.0% vs 17.2%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.65%

Category 0.69%▼0.04%

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

—

Category —

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

0.90

Category 0.63▲0.27

Scheme Info

Definitions

Plan

Regular · Growth

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

None

For redemption/switch- out of units on or before 30 days from the date of allotment: 0.5% of applicable NAV. For redemption/switch- out of units after 30 days from the date of allotment: NIL

Up to 0.50%

tiered — see the full terms

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Domestic Prices 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.

11 Apr 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.13%

Absolute return over the last 3 months (not annualized)

-1.34%

Absolute return over the last 6 months (not annualized)

-7.01%

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

-3.99%

Annualized returns (≥1Y — CAGR)

Definitions

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

+48.87%

3-year annualized return (CAGR)

+42.40%

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.

+33.87%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

40.01%

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

0.90

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

1.23

Largest peak-to-trough decline over full history

-45.64%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-4.13%	-3.23%	-0.90%
3M abs	-1.34%	-0.31%	-1.03%
6M abs	-7.01%	+3.72%	-10.73%
1Y CAGR	+48.87%	+10.94%	+37.93%
3Y CAGR	+42.40%	+18.40%	+24.00%
5Y CAGR	—	+12.65%	—

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), 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 152 peers in FoF Domestic

1Y return

+48.87%

Beats 99.1% · rank #2

3Y return

+42.40%

Beats 93.2% · rank #6

5Y return

—

Sharpe

0.90

Beats 68.9% · rank #24

Sortino

1.23

Beats 67.6% · rank #25

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

₹6.90L

Absolute

+91.62%

XIRR

+49.82%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Kotak Silver ETF Fund of Fund, 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	-3.99%
2025	+156.12%
2024	+15.15%
2023part	-2.71%

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

857

Expense ratio

0.65%

AUM

₹981.83Cr

Portfolio turnover

30%

Exit load

For redemption/switch- out of units on or before 30 days from the date of allotment: 0.5% of applicable NAV. For redemption/switch- out of units after 30 days from the date of allotment: 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 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years 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 · FoF Domestic

Compare all


Kotak Silver ETF Fund of FundThis fund Kotak Mahindra · Regular · Growth	★★★★☆	+48.87%	+42.40%	—	—	0.65%	₹981.83Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
UTI Silver ETF Fund of Fund UTI · Regular · Growth	★★★★★	+47.56%	+42.77%	—	—	0.46%	₹620.81Cr
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+48.05%	+42.65%	—	—	0.65%	₹1,209Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+47.41%	+42.47%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other99.20%
Cash & Equivalents0.80%

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.

-45.6%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-20.0%14 Oct 2025 → 28 Oct 2025
Fell over 14 days, back to the old high on 01 Dec 2025 — 34 days under water after the low.
-16.1%29 May 2024 → 08 Aug 2024
Fell over 2 months, back to the old high on 21 Oct 2024 — 2 months 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.

AMC Profile

Kotak Mahindra Mutual Fund is run by Kotak Mahindra Asset Management, part of the Kotak Mahindra Bank group, and has been in the business since 1998. It was the first Indian fund house to launch a dedicated gilt scheme, and today runs one of the country's larger equity and debt line-ups.

Launched

04 Aug 1994

Total AUM

₹5,90,460Cr+1.6% QoQ

Avg AUM · April - June 2026

Website

kotakmf.com

Fund Managers

ABAbhishek BisenStart date not disclosed

Role

Head - Fixed Income, Debt Fund Manager and Dealer

Education

B A Management, MBA Finance EPAF- IIM-C

Experience

Mr. Abhishek Bisen has been associated with the company since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm. Mr. Abhishek Bisen has been associated with the Kotak AMC since October 2006 and his key responsibilities include fund management of debt schemes. Prior to joining Kotak AMC, Abhishek was working with Securities Trading Corporation of India Ltd where he was looking at Sales & Trading of Fixed Income Products apart from doing Portfolio Advisory. His earlier assignments also include 2 years of merchant banking experience with a leading merchant banking firm

Funds managed (80)

All schemes Abhishek Bisen runs →

JSJeetu Valechha SonarStart date not disclosed

Role

Equity Fund Manager and Dealer

Education

P.G.D.M in Finance Management

Experience

Mr. Jeetu Valechha Sonar has more than 14 years' experience in Commodity and Equity dealing and advisory. Prior to joining Kotak AMC Limited, he has worked as institutional dealer with Kotak Securities Lid. and is part of Kotak Asset Group since 2014.

Funds managed (41)

All schemes Jeetu Valechha Sonar runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Abhishek Bisen Jeetu Valechha Sonar

Kotak Mahindra 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.

Frequently asked questions

What is the NAV of Kotak Silver ETF Fund of Fund?

As of 01 Oct 2026, the NAV of Kotak Silver ETF Fund of Fund is ₹28.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Kotak Silver ETF Fund of Fund delivered?

Kotak Silver ETF Fund of Fund has returned +48.87% over 1 year, +42.40% per year over 3 years and +33.87% 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 Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund charges an expense ratio of 0.65% 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 Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund's largest holdings are KOTAK MUTUAL FUND - KOTAK SILVER ETF (99.2%). Holdings are disclosed monthly and change over time.

How risky is Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 40.0% and its worst peak-to-trough fall in our sample was -45.6%. 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 0.90 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Kotak Silver ETF Fund of Fund's 0.90 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is benchmarked against the Domestic Prices of physical Silver. Its alpha and beta on this page are measured against that index.

Who manages Kotak Silver ETF Fund of Fund?

Kotak Silver ETF Fund of Fund is managed by Abhishek Bisen and Jeetu Valechha Sonar at Kotak Mahindra.

How is Kotak Silver ETF Fund of Fund taxed?

Kotak Silver ETF Fund of Fund 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 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.