This is the Direct plan of UTI Silver Exchange Traded Fund — 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
★★★★☆4/5 vs 9 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.
Not enough Silver ETF peers to rank yet
Volatility 37.1% (no category average yet)
Expense ratio not available yet
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
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Silver ETF)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.96% | — | — |
| 3M abs | -4.32% | — | — |
| 6M abs | -2.00% | — | — |
| 1Y CAGR | +52.07% | — | — |
| 3Y CAGR | +47.49% | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Silver ETF (up to 2 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.
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 UTI Silver Exchange Traded 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 | -1.97% | |
| 2025 | +158.32% | |
| 2024 | +14.77% | |
| 2023part | -1.41% |
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- Other98.32%
- Cash & Equivalents1.68%
Fund size over time
Quarterly average AUM · AMFIDown +11% from its peak of ₹1,597Cr 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
UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.
Fund Managers
SGSharwan Kumar GoyalManaging since 01 May 2025
Senior Vice President- Equity & Head - Passive, Arbitrage and Quant Strategies and FM (Equity)
B.Com, MMS, CFA
UTI AMC in June 2006 and has 19 years of overall experience in Risk / Fund management. Presently he is working as Equity Fund Manager & Head of Passive, Arbitrage & Quant Strategies.
- UTI - Arbitrage Fund
- UTI - BSE Sensex Next 50 Exchange Traded Fund
- UTI - Gold Exchange Traded Fund
- UTI - Nifty Next 50 Exchange Traded Fund
- UTI - Nifty Next 50 Index Fund
- UTI BSE Housing Index Fund
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI BSE Low Volatility Index Fund
- UTI BSE Sensex ETF
- UTI BSE Sensex Index Fund
- UTI Multi Asset Allocation Fund
- UTI Nifty 200 Momentum 30 Index Fund
- UTI Nifty 200 Quality 30 Index Fund
- UTI Nifty 50 Index Fund
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Value 50 Index Fund
- UTI Nifty Alpha Low-Volatility 30 Index Fund
- UTI Nifty Bank ETF
- UTI Nifty India Manufacturing Index Fund
- UTI Nifty IT ETF
- UTI Nifty Midcap 150 Index Fund
- UTI Nifty Midcap 150 Quality 50 Index Fund
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
- UTI Nifty Private Bank Index Fund
- UTI Nifty50 Equal Weight Index Fund
- UTI Quant Fund
- UTI Gold ETF Fund of Fund - Direct Plan - Growth
- UTI Nifty 50 ETF - Direct Plan
- UTI Nifty Midcap 150 Exchange Traded Fund - Direct Plan - Growth
AJAyush JainManaging since 01 May 2025
Manager- Equity
Qualifica tions CA, B.Com (Tax)
He is a manager and designated as Assistant Fund Manager at UTI AMC Ltd. He is a Chartered Accountant holding charter from Institute (e) of Chartered Accountants of India and B.COM from DAVI Ahilya University. He began his career with UTI AMC Ltd in April, 2018 and has over 7 years of experience in Equity Fund Management, Equity Research, Equity Portfolio Analysis & Portfolio Management Services. Nov 2025
- UTI - BSE Sensex Next 50 Exchange Traded Fund
- UTI - Gold Exchange Traded Fund
- UTI - Nifty Next 50 Exchange Traded Fund
- UTI - Nifty Next 50 Index Fund
- UTI BSE Housing Index Fund
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI BSE Low Volatility Index Fund
- UTI BSE Sensex ETF
- UTI BSE Sensex Index Fund
- UTI Gold ETF Fund of Fund
- UTI Nifty 200 Momentum 30 Index Fund
- UTI Nifty 200 Quality 30 Index Fund
- UTI Nifty 50 ETF
- UTI Nifty 50 Index Fund
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Index Fund.
- UTI Nifty 500 Value 50 Index Fund
- UTI Nifty Alpha Low-Volatility 30 Index Fund
- UTI Nifty Bank ETF
- UTI Nifty India Manufacturing Index Fund
- UTI Nifty IT ETF
- UTI Nifty Midcap 150 Exchange Traded Fund
- UTI Nifty Midcap 150 Index Fund
- UTI Nifty Midcap 150 Quality 50 Index Fund
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
- UTI Nifty Private Bank Index Fund
- UTI Nifty50 Equal Weight Index Fund
- UTI Nifty500 Shariah Index Fund
- UTI Silver ETF Fund of Fund
LKLokesh KulthiaManaging since 19 Jun 2026
i. Management ii. Trainee in Management. In iii. iv. team, v. over 4 experience in vi. vii. Associate viii. key sectors Banking & ix. Services, x. Goods, and xi. he has been in xii. quantitative xiv. manages xv. in the of Passives, xvi. index- mandates and xvii. portfolio xviii. xix. xx. xxi. xxii. xxiii. xxiv. xxv. xxvi. xxvii. xxviii. xxix. xxx. xxxi.
- UTI BSE INDIA SECTOR LEADERS EXCHANGE TRADED FUND
- UTI BSE India Sector Leaders Index Fund SID
- UTI Nifty 500 Exchange Traded Fund
- UTI Nifty 500 Index Fund.
- UTI - Gold Exchange Traded Fund - Direct Plan - Growth
- UTI - Nifty Next 50 Index Fund - Direct Plan - Growth
- UTI BSE Housing Index Fund - Direct Plan - Growth
- UTI BSE Low Volatility Index Fund - Direct Plan - Growth
- UTI BSE Sensex ETF - Direct Plan
- UTI BSE Sensex Index Fund - Direct Plan - Growth
- UTI Gold ETF Fund of Fund - Direct Plan - Growth
- UTI Nifty 200 Quality 30 Index Fund - Direct Plan - Growth
- UTI Nifty 50 ETF - Direct Plan
- UTI Nifty 50 Index Fund - Direct Plan - Growth
- UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth
- UTI Nifty Bank ETF - Direct Plan - Growth
- UTI Nifty IT ETF - Direct Plan - Growth
- UTI Nifty Midcap 150 Index Fund - Direct Plan - Growth
- UTI Nifty Private Bank Index Fund - Direct Plan - Growth
- UTI Nifty500 Shariah Index Fund - Direct Plan - Growth
- UTI Quant Fund - Direct Plan - Growth
- UTI Silver ETF Fund of Fund - Direct Plan - Growth
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
UTI 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.
UTI Short Term Fund Regular Plan Growth Option
ClearTax · 1d ago
Gold, Silver ETFS Crash 9% In Week, Erases Most of 2026 Gains: Tata, Nippon, HDFC, etc | Time To Invest?
goodreturns.in · 2d ago
UTI Mutual Fund files offer document for Nifty Healthcare Exchange Traded Fund
Investment Guru India · 10d ago
SBI Mutual Fund IPO: SEBI approves Rs 13,000 crore offer-for-sale listing plan
goodreturns.in · 11d ago
PI Industries to meet UTI Mutual Fund, analysts on September 23
scanx.trade · 17d ago
Passive debt funds double market share in debt MF assets; UTI, Nippon, Edelweiss MF lead the shift
Cafemutual · 20d ago
UTI Mutual Fund, Multipl launch Investment UPI for everyday payments
MediaBrief · 22d ago
UTI Mutual Fund files offer document for Nifty Smallcap 250 Index Fund
Investment Guru India · 04 Sep 2026
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 UTI Silver Exchange Traded Fund?
As of 05 Oct 2026, the NAV of UTI Silver Exchange Traded Fund is ₹214.13 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has UTI Silver Exchange Traded Fund delivered?
UTI Silver Exchange Traded Fund has returned +52.07% over 1 year, +47.49% per year over 3 years and +35.52% 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 are the top holdings of UTI Silver Exchange Traded Fund?
UTI Silver Exchange Traded Fund's largest holdings are SILVER BULLION (98.3%). Holdings are disclosed monthly and change over time.
How risky is UTI Silver Exchange Traded Fund?
UTI Silver Exchange Traded Fund 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 -43.3%. 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 1.10 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Silver Exchange Traded Fund's 1.10 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of UTI Silver Exchange Traded Fund?
UTI Silver Exchange Traded Fund 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 UTI Silver Exchange Traded Fund?
UTI Silver Exchange Traded Fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia at UTI.
How is UTI Silver Exchange Traded Fund taxed?
UTI Silver Exchange Traded 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 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.