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SBI Silver ETF

Q: What is the NAV of SBI Silver ETF?

As of 05 Oct 2026, the NAV of SBI Silver ETF is ₹217.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Silver ETF delivered?

SBI Silver ETF has returned +52.16% over 1 year and +47.07% 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 SBI Silver ETF?

SBI Silver ETF charges an expense ratio of 0.41% 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 SBI Silver ETF?

SBI Silver ETF's largest holdings are Silver (98.1%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Silver ETF?

SBI Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 40.3% 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: Who manages SBI Silver ETF?

SBI Silver ETF is managed by Vandna Soni at SBI.

Q: How is SBI Silver ETF taxed?

SBI 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.

SBI Mutual Fund

NAV

₹217.41

+1.04% 1D

as of 05 Oct 2026

This is the Regular plan of SBI Silver ETF — 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

+48.72%absolute

52-week rangePrev NAV ₹215.17

Latest ₹217.41

Low ₹139.5734th percentile of its 52-week rangeHigh ₹367.15

Scorecard

Not rated

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. Not rated — too few comparable ETF funds (same plan and option) to rank against yet.

Performance—

Not enough Other ETFs peers to rank yet

RiskHigh

Volatility 40.3% vs 16.7% category avg

CostHigh

0.4% expense vs 0.3% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+52.16%) beats the Other ETFs average (-2.00%)
Ranks #1 of 7 on 1-year return in its Other ETFs cohort

Concerns

More volatile than its Other ETFs peers (40.3% vs 16.7%)
High expense ratio (0.41%) vs the Other ETFs average of 0.28%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.41%

Category 0.28%▲0.13%

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

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

₹179

Benchmark

—

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.

08 Jul 2024

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)

-1.87%

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

-2.67%

Annualized returns (≥1Y — CAGR)

Definitions

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

+52.16%

3-year annualized return (CAGR)

—

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.

+47.07%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

40.27%

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

—

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

—

Largest peak-to-trough decline over full history

-44.30%

Benchmark ratios

Not shown for Other ETFs — 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 (Other ETFs)

Period	Fund	Category avg.	Diff
1M abs	-4.92%	-3.35%	-1.57%
3M abs	-4.24%	-4.01%	-0.23%
6M abs	-1.87%	+0.60%	-2.47%
1Y CAGR	+52.16%	-2.00%	+54.16%
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Other ETFs (up to 7 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 7 peers in Other ETFs

1Y return🏆

+52.16%

Beats 100% · rank #1

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.21L

Absolute

+1.12%

XIRR

+2.45%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into SBI 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	-2.67%
2025	+160.50%
2024part	-6.33%

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

556

Expense ratio

0.41%

AUM

₹6,100Cr

Portfolio turnover

28%

Exit load

SCHEME Description SBI SILVER ETF Exchange Traded Funds (ETFs) An open-ended Exchange Traded Fund tracking price of silver SBIM/O/O/OET/24/05/0179 The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme

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 · Other ETFs

Compare all


SBI Silver ETFThis fund SBI · Regular · Growth	—	+52.16%	—	—	—	0.41%	₹6,100Cr
BHARAT 22 ETF ICICI Prudential · Regular · Growth	—	-2.18%	+13.67%	+18.70%	11.63	0.07%	₹10,535Cr
Bandhan Nifty 50 ETF Bandhan · Regular · Growth	—	-8.44%	+6.02%	+5.98%	18.61	0.09%	₹22.03Cr
Bandhan BSE Sensex ETF Bandhan · Regular · Growth	—	-10.20%	+4.11%	+4.77%	18.49	0.32%	₹1.16Cr
ICICI Prudential BSE Liquid Rate ETF ICICI Prudential · Regular · Growth	—	+4.99%	—	—	—	0.26%	₹2,175Cr
SBI NIFTY 1D Rate Liquid ETF SBI · Regular · Growth	—	+4.98%	—	—	—	0.26%	₹137.31Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other98.09%
Cash & Equivalents1.91%

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.
-14.1%11 Jul 2024 → 08 Aug 2024
Fell over 28 days, back to the old high on 04 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.

Fund size over time

Quarterly average AUM · AMFI

₹6,100Cr

April - June 2026

-5%

since January - March 2026

−₹859.87Cr

est. net flow, last quarter

At or near its largest, ₹6,403Cr 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

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

VSVandna SoniStart date not disclosed

Role

Fund Manager

Education

MBA

Experience

Ms. Vandna Soni joined SBIFML in December 2021 as Equity Research Analyst and has been involved in tracking of commodities and related sectors such as Cement, Metal, Oil and Gas. She has overall 10 years of experience in the area of financial services. Prior to joining SBIFML, she was associated with following entities wherein she was primarily involved in equity research of different sectors-: SBICAP Securities Limited (April 2019 to December 2021) Antique Stock Broking (October 2018 to April 2019) CRISIL GR&A (January 2014 to September 2018) She is managing SBI Silver ETF, SBI Equity Savings Fund (ETCD portion), SBI Gold ETF, and SBI Multi Asset Allocation Fund (ETCD portion).

Funds managed (3)

All schemes Vandna Soni 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.

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Fund managers

Vandna Soni

SBI 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 SBI Silver ETF?

As of 05 Oct 2026, the NAV of SBI Silver ETF is ₹217.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Silver ETF delivered?

SBI Silver ETF has returned +52.16% over 1 year and +47.07% 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 SBI Silver ETF?

SBI Silver ETF charges an expense ratio of 0.41% 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 SBI Silver ETF?

SBI Silver ETF's largest holdings are Silver (98.1%). Holdings are disclosed monthly and change over time.

How risky is SBI Silver ETF?

SBI Silver ETF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 40.3% 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.

Who manages SBI Silver ETF?

SBI Silver ETF is managed by Vandna Soni at SBI.

How is SBI Silver ETF taxed?

SBI 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.