ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Silver ETF FOF is a mutual fund and Nippon India Silver ETF FOF is a mutual fund. In the 3 years to 30-10-2026, ICICI Prudential Silver ETF FOF (Direct) returned 34.3% a year and Nippon India Silver ETF FOF (Direct) returned 34.0% a year. ICICI Prudential Silver ETF FOF charges 0.20% a year and Nippon India Silver ETF FOF 0.22% (Direct plans). Their portfolios overlap 0.0%: they hold 0 of the same securities.
ICICI Prudential Silver ETF FOF
- 3 year return
- 34.3%
- Expense ratio
- 0.20%
- NAV
- ₹27.78
Nippon India Silver ETF FOF
- 3 year return
- 34.0%
- Expense ratio
- 0.22%
- NAV
- ₹27.61
Which is better, ICICI Prudential Silver ETF FOF or Nippon India 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 34.0%.
- ICICI Prudential Silver ETF FOF returned more over 1 year: 23.1% against 22.4%.
- ICICI Prudential Silver ETF FOF costs less: 0.20% a year against 0.22% (Direct plans).
- Nippon India Silver ETF FOF swung less over 3 years: a standard deviation of 37.2% a year against 38.0%.
- ICICI Prudential Silver ETF FOF fell less in its worst fall since 08-02-2022: −50.8% against −51.1%.
- ICICI Prudential Silver ETF FOF is the larger fund: ₹6,180 Cr against ₹4,354 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 | ICICI Prudential Silver ETF FOF | Nippon India Silver ETF FOF |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
| Category | Not available | Not available |
| AUM | ₹6,180 Cr (30-09-2026) | ₹4,354 Cr (30-09-2026) |
| NAV | ₹27.78 (Direct) | ₹27.61 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.22% |
| Expense ratio (Regular) | 0.66% | 0.49% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
ICICI Prudential Silver ETF FOF vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Silver ETF FOF (Direct) | −17.25% | −16.11% | −23.66% | +23.09% | +34.33% | -- | -- |
| Nippon India Silver ETF FOF (Direct) | −17.32% | −16.15% | −23.89% | +22.35% | +34.00% | -- | -- |
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Silver ETF FOF | Nippon IndiaNippon India Silver ETF FOF |
|---|---|---|
| 2026to date | −19.80% | −20.10% |
| 2025 | +155.53% | +155.74% |
| 2024 | +15.92% | +15.63% |
| 2023 | +7.46% | +7.23% |
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 418 of them, one for each trading day from 10-02-2025 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.
ICICI Prudential Silver ETF FOF (Direct)
Nippon India Silver ETF FOF (Direct)
to
Apr 2025Jul 2022
to
Jul 2025Oct 2022
to
Oct 2025Feb 2023
to
Feb 2026Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Silver ETF FOF | 0.0 | 0.0 | 0.7 | 14.4 | 6.5 | 6.9 | 71.5 | 35.8% | 40.6% | 9.3% | 72.8% |
| Nippon India Silver ETF FOF | 0.0 | 0.0 | 1.4 | 14.7 | 6.1 | 7.3 | 70.4 | 35.6% | 40.3% | 9.3% | 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 08-02-2022. Past returns do not promise future returns.
ICICI Prudential Silver ETF FOF vs Nippon India 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 02-02-2022 to 30-10-2026: 57 instalments, ₹5,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Silver ETF FOFICICI Prudential Silver ETF FOF (Direct) | ₹5,70,000 | ₹11,36,787 | ₹5,66,787 | 29.7% |
| Nippon India Silver ETF FOFNippon India Silver ETF FOF (Direct) | ₹5,70,000 | ₹11,30,735 | ₹5,60,735 | 29.5% |
ICICI Prudential Silver ETF FOFICICI Prudential Silver ETF FOF (Direct)
Nippon India Silver ETF FOFNippon India 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.
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Silver ETF FOF (Direct) | Nippon India Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +23.09% | +22.35% |
| Standard deviation | 56.79% | 53.45% |
| Sharpe ratio | 0.31 | 0.32 |
| Sortino ratio | 0.41 | 0.42 |
| Maximum drawdown | −50.8% (30-10-2026) | −51.1% (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 | ICICI Prudential Silver ETF FOF (Direct) | Nippon India Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +34.33% | +34.00% |
| Standard deviation | 38.01% | 37.20% |
| Sharpe ratio | 0.74 | 0.75 |
| Sortino ratio | 1.01 | 1.02 |
| Maximum drawdown | −50.8% (30-10-2026) | −51.1% (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 | ICICI Prudential Silver ETF FOF (Direct) | Nippon India Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +24.03% | +23.72% |
| Standard deviation | 32.74% | 32.28% |
| Sharpe ratio | 0.55 | 0.55 |
| Sortino ratio | 0.76 | 0.76 |
| Maximum drawdown | −50.8% (30-10-2026) | −51.1% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-02-2022 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.
ICICI Prudential Silver ETF FOF (Direct)
Nippon India Silver ETF FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Silver ETF FOF (Direct) | −50.8% | 29-01-2026 | 30-10-2026 | Not yet | -- | −50.8% |
| Nippon India Silver ETF FOF (Direct) | −51.1% | 29-01-2026 | 30-10-2026 | Not yet | -- | −51.1% |
From daily values since 08-02-2022, 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.
ICICI Prudential Silver ETF FOF (Direct)
Nippon India 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.
ICICI Prudential Silver ETF FOF (Direct)
Nippon India Silver ETF FOF (Direct)
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Silver ETF FOF, September 2026; Nippon India Silver ETF FOF, September 2026
Holdings in common
- Overlap
- 0.0%
- Held by both
- 0
- Only in ICICI Prudential Silver ETF FOF
- 1
- Only in Nippon India 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 ICICI Prudential Silver ETF FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Silver ETF | 99.96% |
Largest holdings only in Nippon India Silver ETF FOF
| Security | % of fund |
|---|---|
| Nippon India Silver ETF | 100.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Silver ETF FOF | Nippon India Silver ETF FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Silver ETF FOF | Nippon India Silver ETF FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.22% |
| Base expense ratio (Direct) | 0.17% | 0.18% |
| Total expense ratio (Regular) | 0.66% | 0.49% |
| Base expense ratio (Regular) | 0.56% | 0.41% |
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.
ICICI Prudential Silver ETF FOF vs Nippon India Silver ETF FOF: Frequently Asked Questions
What is the difference between ICICI Prudential Silver ETF FOF and Nippon India Silver ETF FOF?
ICICI Prudential Silver ETF FOF is a mutual fund, Nippon India Silver ETF FOF is a mutual fund, run by ICICI Prudential Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 0.0%. ICICI Prudential Silver ETF FOF charges 0.20% a year and Nippon India Silver ETF FOF 0.22%.
Which has given higher returns, ICICI Prudential Silver ETF FOF or Nippon India Silver ETF FOF?
Over 1 year: ICICI Prudential Silver ETF FOF +23.09%, Nippon India Silver ETF FOF +22.35%. Over 3 years: ICICI Prudential Silver ETF FOF +34.33% a year, Nippon India Silver ETF FOF +34.00% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Silver ETF FOF or Nippon India Silver ETF FOF?
ICICI Prudential Silver ETF FOF charges less: 0.20% a year against 0.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Silver ETF FOF and Nippon India 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, ICICI Prudential Silver ETF FOF or Nippon India Silver ETF FOF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹6,02,701 in ICICI Prudential Silver ETF FOF (XIRR 33.5% a year) and ₹6,00,025 in Nippon India Silver ETF FOF (XIRR 33.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Silver ETF FOF and Nippon India 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.