HDFC Silver ETF Fund of Fund vs ICICI Prudential Silver ETF FOF
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Silver ETF Fund of Fund is a Fund of Funds fund and ICICI Prudential Silver ETF FOF is a mutual fund. In the 3 years to 30-10-2026, HDFC Silver ETF Fund of Fund (Direct) returned 34.2% a year and ICICI Prudential Silver ETF FOF (Direct) returned 34.3% a year. HDFC Silver ETF Fund of Fund charges 0.21% a year and ICICI Prudential Silver ETF FOF 0.20% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
HDFC Silver ETF Fund of Fund
Fund of Funds
- 3 year return
- 34.2%
- Expense ratio
- 0.21%
- NAV
- ₹29.88
ICICI Prudential Silver ETF FOF
- 3 year return
- 34.3%
- Expense ratio
- 0.20%
- NAV
- ₹27.78
Which is better, HDFC Silver ETF Fund of or ICICI Prudential Silver ETF FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Silver ETF FOF returned more over 3 years: 34.3% a year against 34.2%.
- ICICI Prudential Silver ETF FOF returned more over 1 year: 23.1% against 22.2%.
- ICICI Prudential Silver ETF FOF costs less: 0.20% a year against 0.21% (Direct plans).
- ICICI Prudential Silver ETF FOF swung less over 3 years: a standard deviation of 38.0% a year against 41.3%.
- ICICI Prudential Silver ETF FOF fell less in its worst fall since 28-10-2022: −50.8% against −51.3%.
- ICICI Prudential Silver ETF FOF is the larger fund: ₹6,180 Cr against ₹4,497 Cr.
- Their portfolios overlap 0.0%: 0 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Silver ETF Fund of Fund | ICICI Prudential Silver ETF FOF |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Fund of Funds | Not available |
| AUM | ₹4,497 Cr (30-09-2026) | ₹6,180 Cr (30-09-2026) |
| NAV | ₹29.88 (Direct) | ₹27.78 (Direct) |
| Expense ratio (Direct) | 0.21% | 0.20% |
| Expense ratio (Regular) | 0.55% | 0.66% |
| Riskometer | Very High | Not available |
| Benchmark | Domestic Prices of physical Silver (derived as per regulatory norms) | Not available |
| Launch date | 28-10-2022 | Not available |
| Minimum investment | Rs. 100 and any amount thereafter. | Not available |
| Lock in | None | Not available |
| Fund managers | Nandita Menezes, Arun Agarwal | Not available |
| Exit load | 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. No Exit Load is payable if Units are redeemed/switched-out after 1 year from the date of allotment. | Not available |
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Silver ETF Fund of Fund (Direct) | −17.43% | −16.28% | −24.07% | +22.19% | +34.23% | -- | -- |
| ICICI Prudential Silver ETF FOF (Direct) | −17.25% | −16.11% | −23.66% | +23.09% | +34.33% | -- | -- |
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Year-wise Returns
| Year | HDFC Silver ETF Fund ofHDFC Silver ETF Fund of | ICICI Prudential Silver ETF FOFICICI Prudential Silver ETF FOF |
|---|---|---|
| 2026to date | −20.03% | −19.80% |
| 2025 | +155.50% | +155.53% |
| 2024 | +15.82% | +15.92% |
| 2023 | +7.35% | +7.46% |
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 248 of them, one for each trading day from 28-10-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
HDFC Silver ETF Fund of Fund (Direct)
ICICI Prudential Silver ETF FOF (Direct)
to
Nov 2025Jan 2023
to
Jan 2026Mar 2023
to
Mar 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Silver ETF Fund of | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 46.3% | 45.6% | 32.4% | 73.5% |
| ICICI Prudential Silver ETF FOF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 46.2% | 45.7% | 32.5% | 72.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 28-10-2022. Past returns do not promise future returns.
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 28-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Silver ETF Fund ofHDFC Silver ETF Fund of Fund (Direct) | ₹4,90,000 | ₹9,07,883 | ₹4,17,883 | 31.3% |
| ICICI Prudential Silver ETF FOFICICI Prudential Silver ETF FOF (Direct) | ₹4,90,000 | ₹9,10,687 | ₹4,20,687 | 31.5% |
HDFC Silver ETF Fund ofHDFC Silver ETF Fund of Fund (Direct)
ICICI Prudential Silver ETF FOFICICI Prudential Silver ETF FOF (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Silver ETF Fund of Fund (Direct) | ICICI Prudential Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +22.19% | +23.09% |
| Standard deviation | 61.15% | 56.79% |
| Sharpe ratio | 0.28 | 0.31 |
| Sortino ratio | 0.36 | 0.41 |
| Maximum drawdown | −51.3% (30-10-2026) | −50.8% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Silver ETF Fund of Fund (Direct) | ICICI Prudential Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +34.23% | +34.33% |
| Standard deviation | 41.27% | 38.01% |
| Sharpe ratio | 0.68 | 0.74 |
| Sortino ratio | 0.93 | 1.01 |
| Maximum drawdown | −51.3% (30-10-2026) | −50.8% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Silver ETF Fund of Fund (Direct) | ICICI Prudential Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +31.52% | +24.03% |
| Standard deviation | 37.03% | 32.74% |
| Sharpe ratio | 0.68 | 0.55 |
| Sortino ratio | 0.94 | 0.76 |
| Maximum drawdown | −51.3% (30-10-2026) | −50.8% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-10-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Silver ETF Fund of Fund (Direct)
ICICI Prudential Silver ETF FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Silver ETF Fund of Fund (Direct) | −51.3% | 29-01-2026 | 30-10-2026 | Not yet | -- | −51.3% |
| ICICI Prudential Silver ETF FOF (Direct) | −50.8% | 29-01-2026 | 30-10-2026 | Not yet | -- | −50.8% |
From daily values since 28-10-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Silver ETF Fund of Fund (Direct)
ICICI Prudential Silver ETF FOF (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Silver ETF Fund of Fund (Direct)
ICICI Prudential Silver ETF FOF (Direct)
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Silver ETF Fund of Fund, September 2026; ICICI Prudential Silver ETF FOF, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in HDFC Silver ETF Fund of
- 1
- Only in ICICI Prudential Silver ETF FOF
- 1
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.0% means 0.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Silver ETF Fund of Fund
| Security | % of fund |
|---|---|
| HDFC Silver ETF | 100.32% |
Largest holdings only in ICICI Prudential Silver ETF FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Silver ETF | 99.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Silver ETF Fund of | ICICI Prudential Silver ETF FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
HDFC Silver ETF Fund of vs ICICI Prudential Silver ETF FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Silver ETF Fund of Fund | ICICI Prudential Silver ETF FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.21% | 0.20% |
| Base expense ratio (Direct) | 0.18% | 0.17% |
| Total expense ratio (Regular) | 0.55% | 0.66% |
| Base expense ratio (Regular) | 0.47% | 0.56% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
HDFC Silver ETF Fund of Fund vs ICICI Prudential Silver ETF FOF: Frequently Asked Questions
What is the difference between HDFC Silver ETF Fund of Fund and ICICI Prudential Silver ETF FOF?
HDFC Silver ETF Fund of Fund is a Fund of Funds fund, ICICI Prudential Silver ETF FOF is a mutual fund, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 0.0%. HDFC Silver ETF Fund of Fund charges 0.21% a year and ICICI Prudential Silver ETF FOF 0.20%.
Which has given higher returns, HDFC Silver ETF Fund of Fund or ICICI Prudential Silver ETF FOF?
Over 1 year: HDFC Silver ETF Fund of Fund +22.19%, ICICI Prudential Silver ETF FOF +23.09%. Over 3 years: HDFC Silver ETF Fund of Fund +34.23% a year, ICICI Prudential Silver ETF FOF +34.33% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Silver ETF Fund of Fund or ICICI Prudential Silver ETF FOF?
ICICI Prudential Silver ETF FOF charges less: 0.20% a year against 0.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Silver ETF Fund of Fund and ICICI Prudential Silver ETF FOF overlap?
0.0%. They hold 0 of the same securities. From each fund's latest monthly portfolio.
Which is better for SIP, HDFC Silver ETF Fund of Fund or ICICI Prudential Silver ETF FOF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹6,00,858 in HDFC Silver ETF Fund of Fund (XIRR 33.2% a year) and ₹6,02,701 in ICICI Prudential Silver ETF FOF (XIRR 33.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Silver ETF Fund of Fund and ICICI Prudential Silver ETF FOF?
Yes. 0.0% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.