Zerodha Silver ETF FoF
NAV history
Scorecard
★★★★★5/5 vs 114 of 150 FoF Domestic peers1Y- 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). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 114 of the 150 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough FoF Domestic peers to rank yet
Volatility 57.8% vs 17.9% category avg
0.2% expense vs 0.2% category avg
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 (+108.93%) beats the FoF Domestic average (+27.23%)
- Ranks #6 of 150 on 1-year return in its FoF Domestic cohort
- Stronger risk-adjusted returns — Sharpe 1.77 vs 0.76 FoF Domestic average
Concerns
- More volatile than its FoF Domestic peers (57.8% vs 17.9%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark 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 | +10.07% | +4.26% | +5.81% |
| 3M abs | -10.87% | +1.27% | -12.14% |
| 6M abs | -4.71% | +2.90% | -7.61% |
| 1Y CAGR | +108.93% | +27.23% | +81.70% |
| 3Y CAGR | — | +21.39% | — |
| 5Y CAGR | — | +14.53% | — |
Category average across peers in FoF Domestic (148 of 150 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 150 peers in FoF Domestic
Rolling returns
Return for every possible 1Y holding period, not just today’s
Not enough history for a 1Y rolling window.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Zerodha Silver ETF FoF, 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 | +4.28% | |
| 2025part | +101.18% |
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 2 years 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.
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.
- -46.2%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
- -23.9%14 Oct 2025 → 28 Oct 2025
Fell over 14 days, back to the old high on 11 Dec 2025 — 44 days under water after the low.
- -10.4%21 Jan 2026 → 22 Jan 2026
Fell over 1 day, back to the old high on 27 Jan 2026 — 5 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.
Zerodha 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.
Zerodha to bring mutual funds to Kite soon: What investors need to know about the upcoming feature
Business Today · 1d ago
Zerodha to offer mutual funds on Kite offering all equity investments in a single app
Moneycontrol.com · 1d ago
Zerodha to offer mutual funds on Kite amid popular demand for all equity investments in a single app
Moneycontrol.com · 1d ago
Zerodha Mutual Fund files offer document for Nifty Next 100 ETF
Investment Guru · 2d ago
Zerodha Fund House launches new arbitrage scheme: Minimum investment, strategy and other details
CNBC TV18 · 8d ago
NFO Alert: Zerodha Fund House launches arbitrage fund
The Economic Times · 9d ago
Zerodha Arbitrage Fund Direct-Growth (₹ 10.00) - NAV, Reviews & asset allocation
The Economic Times · 10d ago
Zerodha Arbitrage Fund - New fund offers: 9 mutual funds and 2 SIFs will open for subscription this week: Check details
The Economic Times · 12d ago
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 Zerodha Silver ETF FoF?
As of 20 Aug 2026, the NAV of Zerodha Silver ETF FoF is ₹21.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Zerodha Silver ETF FoF delivered?
Zerodha Silver ETF FoF has returned +108.93% over 1 year and +95.08% 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 Zerodha Silver ETF FoF?
Zerodha Silver ETF FoF charges an expense ratio of 0.21% 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 Zerodha Silver ETF FoF?
Its largest holdings are Zerodha Silver ETF-Growth (100.0%). Holdings are disclosed monthly and change over time.
How risky is Zerodha Silver ETF FoF?
It is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 57.8% and its worst peak-to-trough fall in our sample was -46.2%. 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 1.77 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Zerodha Silver ETF FoF's 1.77 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Zerodha Silver ETF FoF?
Zerodha Silver ETF FoF is benchmarked against the Domestic Prices of Silver. Its alpha and beta on this page are measured against that index.
Who manages Zerodha Silver ETF FoF?
Zerodha Silver ETF FoF is managed by Kedarnath Mirajkar and Shyam Agarwal at Zerodha.
How is Zerodha Silver ETF FoF taxed?
Zerodha Silver ETF FoF 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.