FoFFoF DomesticRegularGrowthHigh

UTI Silver ETF Fund of Fund

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

As of 05 Oct 2026, the NAV of UTI Silver ETF Fund of Fund is ₹27.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

UTI Silver ETF Fund of Fund has returned +49.19% over 1 year, +44.65% per year over 3 years and +32.47% 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 UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund charges an expense ratio of 0.46% 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 UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund's largest holdings are MF UNITS UTI MF- SILVER EXCHANGE TRADED FUND (99.9%). Holdings are disclosed monthly and change over time.

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

UTI Silver ETF Fund of Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 39.6% and its worst peak-to-trough fall in our sample was -45.5%. 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 0.96 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Silver ETF Fund of Fund's 0.96 means it has rewarded its volatility with excess return. Higher is better.

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

UTI Silver ETF Fund of 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.

Q: Who manages UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia at UTI.

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

UTI 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.

UTI Mutual Fund · Best Domestic Fund of Funds

NAV

₹27.96

+1.38% 1D

as of 05 Oct 2026

This is the Regular plan of UTI 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.

Compare SIP calculator

NAV history

+46.24%absolute

52-week rangePrev NAV ₹27.58

Latest ₹27.96

Low ₹17.7136th percentile of its 52-week rangeHigh ₹46.37

Scorecard

★★★★★5/5 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 +44.65% · ranks 7 of 75 FoF Domestic funds

RiskHigh

Volatility 39.6% vs 17.2% category avg

CostLow

0.5% 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 (+49.19%) beats the FoF Domestic average (+11.07%)
3-year return (+44.65%) beats the FoF Domestic average (+18.91%)
Ranks #8 of 115 on 1-year return in its FoF Domestic cohort
Stronger risk-adjusted returns — Sharpe 0.96 vs 0.65 FoF Domestic average
Low expense ratio (0.46%) vs the FoF Domestic average of 0.69%

Concerns

Trails the FoF Domestic average on 1M/3M/6M
More volatile than its FoF Domestic peers (39.6% vs 17.2%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.46%

Category 0.69%▼0.23%

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

—

Category —

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

0.96

Category 0.65▲0.31

Scheme Info

Definitions

Plan

Regular · Growth

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

None

1% - If redeemed or switched out on or before completion of 15 days from the date of allotment of units. Nil - If redeemed or switched out after completion of 15 days from the date of allotment of units.

Up to 1.00%

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

₹100

Domestic Price of Silver (based on LBMA Silver daily spot fixing price)

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.

25 Apr 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.93%

Absolute return over the last 3 months (not annualized)

-4.38%

Absolute return over the last 6 months (not annualized)

-2.19%

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

-2.23%

Annualized returns (≥1Y — CAGR)

Definitions

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

+49.19%

3-year annualized return (CAGR)

+44.65%

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.

+32.47%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

39.55%

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

0.96

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

1.32

Largest peak-to-trough decline over full history

-45.50%

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	-4.93%	-3.39%	-1.54%
3M abs	-4.38%	-1.43%	-2.95%
6M abs	-2.19%	+4.79%	-6.98%
1Y CAGR	+49.19%	+11.07%	+38.12%
3Y CAGR	+44.65%	+18.91%	+25.74%
5Y CAGR	—	+12.58%	—

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

+49.19%

Beats 93.9% · rank #8

3Y return

+44.65%

Beats 91.9% · rank #7

5Y return

—

Sharpe

0.96

Beats 71.6% · rank #22

Sortino

1.32

Beats 71.6% · rank #22

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

₹6.96L

Absolute

+93.33%

XIRR

+50.58%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into UTI 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	-2.23%
2025	+153.60%
2024	+15.84%
2023part	-8.23%

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

849

Expense ratio

0.46%

AUM

₹620.81Cr

Portfolio turnover

Exit load

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


UTI Silver ETF Fund of FundThis fund UTI · Regular · Growth	★★★★★	+49.19%	+44.65%	—	—	0.46%	₹620.81Cr
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%	—
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+50.74%	+45.30%	—	—	0.65%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Regular · Growth	★★★★★	+49.37%	+45.20%	—	—	0.49%	₹4,544Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+49.73%	+44.95%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt99.94%
Cash & Equivalents0.06%

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.

-45.5%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-23.4%14 Oct 2025 → 28 Oct 2025
Fell over 14 days, back to the old high on 10 Dec 2025 — 43 days under water after the low.
-20.3%28 Apr 2023 → 23 Jun 2023
Fell over 2 months, back to the old high on 15 May 2024 — 11 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

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.

Launched

13 Nov 2002

Total AUM

₹3,92,691Cr+1.1% QoQ

Avg AUM · April - June 2026

Website

utimf.com

Fund Managers

SGSharwan Kumar GoyalManaging since 21 Apr 2023

Role

Senior Vice President- Equity & Head - Passive, Arbitrage and Quant Strategies and FM (Equity)

Education

B.Com, MMS, CFA

Experience

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.

Funds managed (30)

All schemes Sharwan Kumar Goyal runs →

AJAyush JainManaging since 21 Apr 2023

Role

Manager- Equity

Education

Qualifica tions CA, B.Com (Tax)

Experience

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

Funds managed (30)

All schemes Ayush Jain runs →

LKLokesh KulthiaManaging since 19 Jun 2026

Experience

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.

Funds managed (22)

All schemes Lokesh Kulthia 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

Sharwan Kumar Goyal Ayush Jain Lokesh Kulthia

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.

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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 UTI Silver ETF Fund of Fund?

As of 05 Oct 2026, the NAV of UTI Silver ETF Fund of Fund is ₹27.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has UTI Silver ETF Fund of Fund delivered?

UTI Silver ETF Fund of Fund has returned +49.19% over 1 year, +44.65% per year over 3 years and +32.47% 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 UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund charges an expense ratio of 0.46% 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 UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund's largest holdings are MF UNITS UTI MF- SILVER EXCHANGE TRADED FUND (99.9%). Holdings are disclosed monthly and change over time.

How risky is UTI Silver ETF Fund of Fund?

UTI Silver ETF Fund of Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 39.6% and its worst peak-to-trough fall in our sample was -45.5%. 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 0.96 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. UTI Silver ETF Fund of Fund's 0.96 means it has rewarded its volatility with excess return. Higher is better.

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

UTI Silver ETF Fund of 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 ETF Fund of Fund?

UTI Silver ETF Fund of Fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia at UTI.

How is UTI Silver ETF Fund of Fund taxed?

UTI 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.