Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Gold Silver Passive FOF is a Fund of Funds fund and Kotak Silver ETF Fund of Fund is a Fund of Funds fund. Kotak Gold Silver Passive FOF charges 0.20% a year and Kotak Silver ETF Fund of Fund 0.28% (Direct plans). Their portfolios overlap 56.9%: they hold 1 of the same security.
Kotak Gold Silver Passive FOF
Fund of Funds
- Expense ratio
- 0.20%
- NAV
- ₹12.89
Kotak Silver ETF Fund of Fund
Fund of Funds
- Expense ratio
- 0.28%
- NAV
- ₹24.28
Which is better, Kotak Gold Silver Passive FOF or Kotak Silver ETF Fund of? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Gold Silver Passive FOF costs less: 0.20% a year against 0.28% (Direct plans).
- Kotak Gold Silver Passive FOF fell less in its worst fall since 04-11-2025: −38.6% against −50.6%.
- Kotak Gold Silver Passive FOF is the larger fund: ₹1,104 Cr against ₹965 Cr.
- Their portfolios overlap 56.9%: 1 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 | Kotak Gold Silver Passive FOF | Kotak Silver ETF Fund of Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹1,104 Cr (30-09-2026) | ₹965 Cr (30-09-2026) |
| NAV | ₹12.89 (Direct) | ₹24.28 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.28% |
| Expense ratio (Regular) | 0.54% | 0.65% |
| Riskometer | Very High | Very High |
| Benchmark | Domestic Gold and Silver Prices | Domestic Prices of physical Silver |
| Launch date | 28-10-2025 | 31-03-2023 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Rohit Tandon, amp, Abhishek Bisen | Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | NIL | Exit load of 0.5%, if redeemed within 30 days. |
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: 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 |
|---|---|---|---|---|---|---|---|
| Kotak Gold Silver Passive FOF (Direct) | −11.98% | −9.79% | −16.29% | -- | -- | -- | -- |
| Kotak Silver ETF Fund of Fund (Direct) | −17.11% | −15.76% | −23.47% | +23.53% | +34.69% | -- | -- |
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: Year-wise Returns
| Year | Gold Silver Passive FOFKotak Gold Silver Passive FOF | Silver ETF Fund ofKotak Silver ETF Fund of |
|---|---|---|
| 2026to date | −7.86% | −19.81% |
| 2025 | -- | +157.30% |
| 2024 | -- | +15.69% |
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: Rolling Returns
Every holding period of both funds
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Kotak Gold Silver Passive FOF (Direct) | Kotak Silver ETF Fund of Fund (Direct) |
|---|---|---|
| Return (CAGR) | +25.06% | +26.87% |
| Standard deviation | 45.84% | 37.35% |
| Sharpe ratio | 0.43 | 0.56 |
| Sortino ratio | 0.57 | 0.76 |
| Maximum drawdown | −38.6% (30-10-2026) | −50.6% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-11-2025 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.
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.
Kotak Gold Silver Passive FOF (Direct)
Kotak Silver ETF Fund of Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Kotak Gold Silver Passive FOF (Direct) | −38.6% | 29-01-2026 | 30-10-2026 | Not yet | -- | −38.6% |
| Kotak Silver ETF Fund of Fund (Direct) | −50.6% | 29-01-2026 | 30-10-2026 | Not yet | -- | −50.6% |
From daily values since 04-11-2025, the first day every fund has.
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Gold Silver Passive FOF, September 2026; Kotak Silver ETF Fund of Fund, September 2026
Holdings in common
- Overlap
- 56.9%
- Held by both
- 1
- Only in Kotak Gold Silver Passive FOF
- 1
- Only in Kotak Silver ETF Fund of
- 0
| Security | % of Kotak Gold Silver Passive FOF | % of Kotak Silver ETF Fund of |
|---|---|---|
| KOTAK MUTUAL FUND - KOTAK SILVER ETF | 56.85% | 99.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.9% means 56.9% 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 Kotak Gold Silver Passive FOF
| Security | % of fund |
|---|---|
| KOTAK MUTUAL FUND - KOTAK GOLD ETF | 40.67% |
Largest holdings only in Kotak Silver ETF Fund of Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Gold Silver Passive FOF | Kotak Silver ETF Fund of |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Gold Silver Passive FOF | Kotak Silver ETF Fund of Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.28% |
| Base expense ratio (Direct) | 0.16% | 0.23% |
| Total expense ratio (Regular) | 0.54% | 0.65% |
| Base expense ratio (Regular) | 0.45% | 0.55% |
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.
Kotak Gold Silver Passive FOF vs Kotak Silver ETF Fund of Fund: Frequently Asked Questions
What is the difference between Kotak Gold Silver Passive FOF and Kotak Silver ETF Fund of Fund?
Kotak Gold Silver Passive FOF is a Fund of Funds fund, Kotak Silver ETF Fund of Fund is a Fund of Funds fund, run by Kotak Mahindra Mutual Fund. Their portfolios overlap 56.9%. Kotak Gold Silver Passive FOF charges 0.20% a year and Kotak Silver ETF Fund of Fund 0.28%.
Which has the lower expense ratio, Kotak Gold Silver Passive FOF or Kotak Silver ETF Fund of Fund?
Kotak Gold Silver Passive FOF charges less: 0.20% a year against 0.28%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Gold Silver Passive FOF and Kotak Silver ETF Fund of Fund overlap?
56.9%. They hold 1 of the same securities, the largest shared ones being SILVER1. From each fund's latest monthly portfolio.
Which is riskier, Kotak Gold Silver Passive FOF or Kotak Silver ETF Fund of Fund?
On SEBI's riskometer, Kotak Gold Silver Passive FOF is rated Very High and Kotak Silver ETF Fund of Fund Very High. Over their common history, the standard deviation of daily returns was 45.84% and 37.35% a year.
Can I invest in both Kotak Gold Silver Passive FOF and Kotak Silver ETF Fund of Fund?
Yes. 56.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Kotak Gold Silver Passive FOF and Kotak Silver ETF Fund of Fund?
Kotak Gold Silver Passive FOF: Rohit Tandon, amp, Abhishek Bisen. Kotak Silver ETF Fund of Fund: Abhishek Bisen, Jeetu Valechha Sonar.
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.