Top Silver Mutual Funds (2026)
Ranked by expense ratio, lowest first, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 24 Silver mutual funds. Their average 3 year return is 34.2% a year, and +22.4% over the last year. The lowest expense ratio: Mirae Asset Gold Silver Passive FoF, 0.12% a year. The highest 3 year returns: Aditya Birla Sun Life Silver ETF 35.1%, Axis Silver Fund of Fund 34.8%, Kotak Silver ETF Fund of Fund 34.7%.
- Total AUM
- ₹43,041 Cr
- As on 30-09-2026
- Funds
- 24
- From 17 fund houses
- Expense ratio
- 0.12% to 0.59%
- Direct plans, lowest to highest
- Average 3Y return
- 34.2%
- A year, Direct plans
All Silver Funds
Ranked by expense ratio, lowest first
Ranked by expense ratio, lowest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Gold Silver Passive FoF | 1 | 1,437 | +19.16% | -- | -- | -- | Very High | 0.12% | 0.05% within 15 days | -- |
| Axis Gold and Silver Passive FoF | 2 | 551 | -- | -- | -- | -- | Very High | 0.12% | 0.25% within 15 days | -- |
| Edelweiss Silver ETF Fund of Fund | 3 | 99 | -- | -- | -- | -- | Very High | 0.12% | 0.1% within 15 days | -- |
| Axis Silver Fund of Fund | 4 | 1,253 | +22.93% | +34.76% | -- | -- | Very High | 0.14% | 0.25% within 7 days | 38.64% |
| UTI Silver ETF Fund of Fund | 5 | 634 | +23.27% | +34.58% | -- | -- | Very High | 0.14% | 1% within 15 days | 39.32% |
| Angel One Silver ETF FoF | 6 | 12 | -- | -- | -- | -- | Very High | 0.16% | None | -- |
| Motilal Oswal Gold and Silver Passive Fund of Funds | 7 | 2,821 | +17.20% | +31.12% | -- | -- | Very High | 0.18% | Varies | 26.23% |
| Groww Silver ETF FOF | 8 | 87 | +23.30% | -- | -- | -- | Very High | 0.18% | 1% within 30 days | -- |
| Kotak Gold Silver Passive FOF | 9 | 1,104 | -- | -- | -- | -- | Very High | 0.20% | None | -- |
| ICICI Prudential Silver ETF FOF | 10 | 6,180 | +23.09% | +34.33% | -- | -- | -- | 0.20% | -- | 38.01% |
| Edelweiss Gold and Silver ETF FOF | 11 | 3,204 | +23.48% | +34.63% | -- | -- | Very High | 0.20% | 0.1% within 15 days | 28.35% |
| HDFC Silver ETF Fund of Fund | 12 | 4,497 | +22.19% | +34.23% | -- | -- | Very High | 0.21% | 1% within 15 days | 41.27% |
| Zerodha Silver ETF FoF | 13 | 228 | +22.37% | -- | -- | -- | Very High | 0.21% | None | -- |
| HDFC Gold Silver Passive FOF | 14 | 53 | -- | -- | -- | -- | Very High | 0.21% | 1% within 15 days | -- |
| Mirae Asset Silver ETF FOF | 15 | 38 | -- | -- | -- | -- | Very High | 0.21% | 0.05% within 15 days | -- |
| Nippon India Silver ETF FOF | 16 | 4,354 | +22.35% | +34.00% | -- | -- | -- | 0.22% | -- | 37.20% |
| Tata Silver ETF Fund Of Fund | 17 | 1,056 | +22.08% | -- | -- | -- | Very High | 0.22% | Varies | -- |
| Kotak Silver ETF Fund of Fund | 18 | 965 | +23.53% | +34.69% | -- | -- | Very High | 0.28% | 0.5% within 30 days | 39.89% |
| SBI Silver ETF Fund of Fund | 19 | 3,728 | +23.06% | -- | -- | -- | Very High | 0.32% | 1% within 15 days | -- |
| Aditya Birla Sun Life Silver ETF FOF | 20 | 1,230 | +22.90% | +34.26% | -- | -- | Very High | 0.32% | 0.5% within 30 days | 39.62% |
| Aditya Birla Sun Life Silver ETF | 21 | 2,826 | +23.82% | +35.13% | -- | -- | Very High | 0.35% | None | 35.57% |
| SBI Silver ETF | 22 | 5,817 | +23.84% | -- | -- | -- | -- | 0.41% | -- | -- |
| DSP Silver ETF Fund of Fund | 23 | 682 | +22.10% | -- | -- | -- | -- | 0.58% | -- | -- |
| quant Silver ETF | 24 | 186 | -- | -- | -- | -- | -- | 0.59% | -- | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. Ranked by expense ratio: funds that copy one index or hold one metal differ mainly in cost. A fund with no expense ratio on file has no rank.
Compare Silver Funds
The largest funds of the category, side by side
- ICICI Prudential Silver ETF FOF vs SBI Silver ETF
- ICICI Prudential Silver ETF FOF vs HDFC Silver ETF Fund of
- ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF
- SBI Silver ETF vs HDFC Silver ETF Fund of
- SBI Silver ETF vs Nippon India Silver ETF FOF
- HDFC Silver ETF Fund of vs Nippon India Silver ETF FOF
How Silver Funds Are Taxed
Neither equity nor debt: how long you hold decides the tax
| When you sell | Tax on the gain |
|---|---|
| ETF units (listed), within 1 year | Your slab rate |
| ETF units (listed), after 1 year | 12.5% of the gain |
| Fund units, within 2 years | Your slab rate |
| Fund units, after 2 years | 12.5% of the gain |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Silver Fund?
Silver ETFs and funds of funds that hold them. Their value follows the price of silver in rupees.
Other other categories: Gold · International · Target Maturity · Retirement · Children's
Silver Funds: Frequently Asked Questions
Which are the top Silver mutual funds?
Funds that follow the same index or hold the same metal earn nearly the same return, so the lowest cost matters most. By expense ratio: 1. Mirae Asset Gold Silver Passive FoF (0.12%), 2. Axis Gold and Silver Passive FoF (0.12%), 3. Edelweiss Silver ETF Fund of Fund (0.12%), 4. Axis Silver Fund of Fund (0.14%), 5. UTI Silver ETF Fund of Fund (0.14%).
How many Silver funds are there?
24 Silver funds are open for investment, from 17 fund houses.
What is a Silver fund?
Silver ETFs and funds of funds that hold them. Their value follows the price of silver in rupees.
What is the average return of Silver funds?
1 year: 22.4%, 3 years: 34.2% a year. The simple average of every Silver fund's Direct plan.
Which Silver fund has the lowest expense ratio?
Mirae Asset Gold Silver Passive FoF, at 0.12% a year (Direct plan), as reported to AMFI.
Which is the largest Silver fund?
ICICI Prudential Silver ETF FOF, with ₹6,180 Cr of investors' money on 30-09-2026.
How are Silver funds taxed?
Units of an ETF listed on an exchange: your slab rate within 1 year, 12.5% after. Units of a fund: your slab rate within 2 years, 12.5% after.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.