Mirae Asset Silver ETF FOF
This is the Regular plan of Mirae Asset Silver ETF FOF — 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.
NAV history
Scorecard
Not ratedHow 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 — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough FoF Domestic peers to rank yet
Volatility 34.5% vs 17.3% category avg
0.8% expense vs 0.7% 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
No standout strengths identified.
Concerns
- Trails the FoF Domestic average on 1M/3M/6M
- More volatile than its FoF Domestic peers (34.5% vs 17.3%)
- High expense ratio (0.77%) vs the FoF Domestic average of 0.69%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (FoF Domestic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.80% | -3.40% | -1.40% |
| 3M abs | -4.38% | -1.43% | -2.95% |
| 6M abs | -2.77% | +4.79% | -7.56% |
| 1Y CAGR | — | +11.40% | — |
| 3Y CAGR | — | +19.25% | — |
| 5Y CAGR | — | +12.58% | — |
Category average across peers in FoF Domestic (151 of 153 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
6 monthly installments of ₹10,000 into Mirae Asset Silver ETF FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other99.91%
- Cash & Equivalents0.09%
AMC Profile
Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.
Fund Managers
RPRitesh PatelManaging since 24 Mar 2026
Head – Compliance, Legal and Company Secretary
B.Com. F.C.S., LL.B.
Mr. Ritesh Patel has over 13 years of Mr. Akshay Udeshi has over 6 years experience in the field of of Commodities Market. Prior to this financial services. He assignment, Mr. Patel has worked as associated with the AMC since June Aditya Birla Money Ltd, IIFL 2021. Prior to this assignment, Mr. Securities, Ventura Securities and Udeshi choice broking Pvt. Ltd.
- Mirae Asset BSE Information Technology Index Fund
- Mirae Asset Gold ETF Fund of Fund
- MIRAE ASSET GOLD SILVER PASSIVE FOF
- MIRAE ASSET MULTI ASSET ALLOCATION FUND
- MIRAE ASSET MULTI FACTOR PASSIVE FOF
- Mirae Asset Nifty 50 Index Fund
- Mirae Asset Nifty 500 Healthcare ETF
- Mirae Asset Nifty Bank ETF
- Mirae Asset Nifty India Infrastructure & Logistics ETF
- Mirae Asset Nifty LargeMidcap 250 Index Fund
- Mirae Asset Nifty Midcap 150 ETF
- Mirae Asset Nifty Next 50 ETF
- Mirae Asset Nifty Smallcap 250 ETF
- Mirae Asset Nifty Top 20 Equal weight ETF
- MIRAE ASSET NIFTY TOTAL MARKET INDEX FUND
- Mirae Asset BSE Sensex ETF
- Mirae Asset Gold ETF
- Mirae Asset Nifty 50 ETF
- Mirae Asset Nifty Financial Services ETF
- Mirae Asset Nifty IT ETF
- Mirae Asset Nifty500 Multicap 50:25:25 ETF
- Mirae Asset Silver ETF
AUAkshay UdeshiManaging since 24 Mar 2026
Fund Manager
MBA - Finance; B.E (Electronics)
Mr. Akshay Udeshi has over 6 years of experience in the field of financial services. He has been associated with the AMC since June 2021. Prior to this assignment, Mr. Udeshi was associated with Reliance Retail Limited where he was involved in product development in the affordability space. He also has an experience with L&T Financial Services where he was involved in product management of secured lending products.
- Mirae Asset BSE 200 Equal Weight ETF
- MIRAE ASSET BSE 200 EQUAL WEIGHT ETF FUND OF FUND
- Mirae Asset BSE 500 Dividend leaders 50 ETF
- Mirae Asset BSE India Defence ETF
- Mirae Asset BSE India Defence ETF FOF
- Mirae Asset BSE Information Technology Index Fund
- MIRAE ASSET BSE SELECT IPO ETF
- MIRAE ASSET BSE SELECT IPO ETF FUND OF FUND
- Mirae Asset Gold ETF Fund of Fund
- MIRAE ASSET HANG SENG TECH ETF FUND OF FUND
- MIRAE ASSET NIFTY 100 ESG SECTOR LEADERS ETF
- MIRAE ASSET NIFTY 100 ESG SECTOR LEADERS FUND OF FUND
- Mirae Asset Nifty 200 Alpha 30 ETF
- Mirae Asset Nifty 500 Value 50 ETF
- Mirae Asset Nifty Energy ETF
- MIRAE ASSET NIFTY EV AND NEW AGE AUTOMOTIVE ETF
- Mirae Asset Nifty India Infrastructure & Logistics ETF
- MIRAE ASSET NIFTY INDIA INTERNET ETF
- MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF
- MIRAE ASSET NIFTY INDIA NEW AGE CONSUMPTION ETF FUND OF FUND
- MIRAE ASSET NIFTY METAL ETF
- Mirae Asset Nifty Metal ETF FOF
- MIRAE ASSET NIFTY MIDSMALLCAP400 MOMENTUM QUALITY 100 ETF
- MIRAE ASSET NIFTY MIDSMALLCAP400 MOMENTUM QUALITY 100 ETF FUND OF FUND
- MIRAE ASSET NIFTY PSU BANK ETF
- Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
- MIRAE ASSET NIFTY SMALLCAP 250 MOMENTUM QUALITY 100 ETF FUND OF FUND
- Mirae Asset Nifty Top 20 Equal weight ETF
- Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund
- Mirae Asset Nifty50 Equal Weight ETF
- MIRAE ASSET NYSE FANG+ ETF FUND OF FUND
- MIRAE ASSET S&P 500 TOP 50 ETF FUND OF FUND
- Mirae Asset Gold ETF
- Mirae Asset Nifty 100 Low Volatility 30 ETF
- Mirae Asset Nifty India Manufacturing ETF
- Mirae Asset Nifty India Manufacturing ETF Fund of Fund - Direct Plan - Growth
- Mirae Asset Silver ETF
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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
Mirae Asset 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.
Mirae Asset Ultra Short to Short Term Fund Regular Plan Growth
ClearTax · 2d ago
Multi-asset allocation mutual funds: Nippon India, HDFC feature among SIP top performers and laggards
The Economic Times · 2d ago
New fund offers: 9 mutual funds and 2 SIFs are open for subscription now. Check dates and details
The Economic Times · 4d ago
Mirae Asset S&P 500 Top 50 ETF Share Price Today – MASPTOP50 (Live NSE/BSE)
INDmoney · 4d ago
Mirae Asset NYSE FANG+ ETF Share Price Today – MAFANG (Live NSE/BSE)
INDmoney · 4d ago
Mirae Asset cuts Gland Pharma stake to 2.95% after open market sale
scanx.trade · 5d ago
Mirae Asset MF introduces Life Cycle Fund 2056
Investment Guru India · 7d ago
NFO Alert: Mirae Asset Mutual Fund Launches Life Cycle Fund 2056, Check Key Details
Outlook Money · 7d 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 Mirae Asset Silver ETF FOF?
As of 05 Oct 2026, the NAV of Mirae Asset Silver ETF FOF is ₹9.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Mirae Asset Silver ETF FOF delivered?
Mirae Asset Silver ETF FOF has returned -4.64% 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 Mirae Asset Silver ETF FOF?
Mirae Asset Silver ETF FOF charges an expense ratio of 0.77% 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 Mirae Asset Silver ETF FOF?
Mirae Asset Silver ETF FOF's largest holdings are Mirae Asset Silver ETF (99.9%). Holdings are disclosed monthly and change over time.
How risky is Mirae Asset Silver ETF FOF?
Mirae Asset Silver ETF FOF is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 34.5% and its worst peak-to-trough fall in our sample was -24.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Mirae Asset Silver ETF FOF?
Mirae Asset Silver ETF FOF is benchmarked against the Domestic Price of Physical Silver. Its alpha and beta on this page are measured against that index.
Who manages Mirae Asset Silver ETF FOF?
Mirae Asset Silver ETF FOF is managed by Ritesh Patel and Akshay Udeshi at Mirae Asset.
How is Mirae Asset Silver ETF FOF taxed?
Mirae Asset 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.