FoFFoF DomesticRegularGrowthModerately High

HDFC Gold Silver Passive FOF

Q: What is the NAV of HDFC Gold Silver Passive FOF?

As of 16 Oct 2026, the NAV of HDFC Gold Silver Passive FOF is ₹9.45 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HDFC Gold Silver Passive FOF delivered?

HDFC Gold Silver Passive FOF has returned -5.40% 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 HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF charges an expense ratio of 0.56% 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 HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF's largest holdings are HDFC Gold Exchange Traded Fund (64.4%) and HDFC Silver ETF (33.6%). Holdings are disclosed monthly and change over time.

Q: How risky is HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF sits at the moderately high level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was 7.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF is benchmarked against the Domestic Price of physical Gold (70%) and Domestic Price of physical Silver (30%) (derived as per regulatory norms).

Q: Who manages HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF is managed by Bhagyesh Kagalkar and Nandita Menezes at HDFC.

Q: When was HDFC Gold Silver Passive FOF launched, and what is its objective?

HDFC Gold Silver Passive FOF was launched on 01 Sep 2026. its stated objective is: The objective of this scheme is to generate returns by investing in units of Gold and Silver exchange traded funds (ETFs). There is no assurance that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

Q: How is HDFC Gold Silver Passive FOF taxed?

HDFC Gold Silver Passive 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.

HDFC Mutual Fund · Best Domestic Fund of Funds

NAV

₹9.45

+0.62% 1D

as of 16 Oct 2026

This is the Regular plan of HDFC Gold Silver Passive 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.

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NAV history

-5.40%absolute

52-week rangePrev NAV ₹9.40

Latest ₹9.45

Low ₹9.408th percentile of its 52-week rangeHigh ₹10.17

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 — 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.

Performance—

No 3-year record to rank on yet

RiskLow

Volatility 17.8% vs 32.8% category avg

CostLow

0.6% expense vs 0.7% 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

Less volatile than its FoF Domestic peers (17.8% vs 32.8%)
Low expense ratio (0.56%) vs the FoF Domestic average of 0.69%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.56%

Direct 0.21% · Regular 0.56%

Category 0.69%▼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 1.08

Scheme Info

Definitions

Plan

Regular · Growth

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

None

In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 15 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 15 days from the date of allotment.

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 physical Gold (70%) and Domestic Price of physical Silver (30%) (derived as per regulatory norms)

The scheme's allotment date, as filed in its Scheme Summary Document. This plan's NAV history may begin later — Direct plans only exist from 1 Jan 2013.

01 Sep 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.35%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

-5.40%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.78%

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

-7.57%

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	-5.35%	-5.62%	+0.27%
3M abs	—	+0.34%	—
6M abs	—	-9.23%	—
1Y CAGR	—	+18.88%	—
3Y CAGR	—	+36.31%	—
5Y CAGR	—	+23.30%	—

Category average across peers in FoF Domestic (up to 43 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.

Monthly investment (₹)

Period

Invested

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into HDFC Gold Silver Passive FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.56%

AUM

₹14.86Cr

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


HDFC Gold Silver Passive FOFThis fund HDFC · Regular · Growth	—	—	—	—	—	0.56%	₹14.86Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+62.38%	+63.09%	+37.85%	—	0.41%	₹2,707Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★☆	+53.35%	+47.58%	+29.32%	—	0.42%	₹891.33Cr
Kotak Silver ETF Fund of Fund Kotak Mahindra · Regular · Growth	★★★★☆	+28.00%	+41.08%	—	—	0.65%	₹972.20Cr
UTI Silver ETF Fund of Fund UTI · Regular · Growth	★★★★★	+24.67%	+41.00%	—	—	0.46%	₹626.94Cr
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+25.25%	+40.89%	—	—	0.65%	₹1,235Cr

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Other98.01%
Cash & Equivalents1.99%

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.

-7.6%04 Sep 2026 → 15 Oct 2026
Still below that high — 41 days down, and no recovery yet.

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

HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.

Launched

09 Dec 1999

Total AUM

₹9,69,076Cr+3.6% QoQ

Avg AUM · July - September 2026

Website

hdfcfund.com

Fund Managers

BKBhagyesh KagalkarManaging since 01 Sep 2026

Education

• B.E (Production) Collectively • MMS (Finance)

Experience

over 31 years experience in Equity Research, investments and Finance • January 3, 2007 till Date: HDFC Asset Management Company Limited

Funds managed (20)

All schemes Bhagyesh Kagalkar runs →

NMNandita MenezesManaging since 01 Sep 2026

Education

• B.Com (University of Mumbai)

Experience

Collectively over 3 years’ experience in Equity Dealing and auditing • December 29, 2021 till Date: HDFC Asset Management Company Limited • April 26, 2020 till March 5, 2021: S.R. Batliboi & Co LLP Last Position held: Executive - Assurance

Funds managed (30)

All schemes Nandita Menezes runs →

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.

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Fund managers

Bhagyesh Kagalkar Nandita Menezes

HDFC 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 HDFC Gold Silver Passive FOF?

As of 16 Oct 2026, the NAV of HDFC Gold Silver Passive FOF is ₹9.45 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HDFC Gold Silver Passive FOF delivered?

HDFC Gold Silver Passive FOF has returned -5.40% 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 HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF charges an expense ratio of 0.56% 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 HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF's largest holdings are HDFC Gold Exchange Traded Fund (64.4%) and HDFC Silver ETF (33.6%). Holdings are disclosed monthly and change over time.

How risky is HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF sits at the moderately high level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was 7.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF is benchmarked against the Domestic Price of physical Gold (70%) and Domestic Price of physical Silver (30%) (derived as per regulatory norms).

Who manages HDFC Gold Silver Passive FOF?

HDFC Gold Silver Passive FOF is managed by Bhagyesh Kagalkar and Nandita Menezes at HDFC.

When was HDFC Gold Silver Passive FOF launched, and what is its objective?

HDFC Gold Silver Passive FOF was launched on 01 Sep 2026. its stated objective is: The objective of this scheme is to generate returns by investing in units of Gold and Silver exchange traded funds (ETFs). There is no assurance that the investment objective of the Scheme will be achieved. Both are as filed in the scheme's own Scheme Summary Document.

How is HDFC Gold Silver Passive FOF taxed?

HDFC Gold Silver Passive 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.