Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Gold Silver Passive FoF is a Fund of Funds fund and Mirae Asset Silver ETF FOF is a Fund of Funds fund. Mirae Asset Gold Silver Passive FoF charges 0.12% a year and Mirae Asset Silver ETF FOF 0.21% (Direct plans). Their portfolios overlap 44.8%: they hold 1 of the same security.
Mirae Asset Gold Silver Passive FoF
Fund of Funds
- Expense ratio
- 0.12%
- NAV
- ₹14.55
Which is better, Mirae Asset Gold Silver Passive FoF or Mirae Asset 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.
- Mirae Asset Gold Silver Passive FoF costs less: 0.12% a year against 0.21% (Direct plans).
- Mirae Asset Gold Silver Passive FoF fell less in its worst fall since 25-03-2026: −23.0% against −35.6%.
- Mirae Asset Gold Silver Passive FoF is the larger fund: ₹1,437 Cr against ₹38 Cr.
- Their portfolios overlap 44.8%: 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 | Mirae Asset Gold Silver Passive FoF | Mirae Asset Silver ETF FOF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Mirae Asset Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹1,437 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹14.55 (Direct) | ₹8.12 (Direct) |
| Expense ratio (Direct) | 0.12% | 0.21% |
| Expense ratio (Regular) | 0.69% | 0.77% |
| Riskometer | Very High | Very High |
| Benchmark | 50% Domestic Price of Gold + 50% Domestic Price of Silver | Domestic Prices of physical Silver |
| Launch date | 29-08-2025 | 24-03-2026 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ritesh Patel | Ritesh Patel, amp, Akshay Udeshi |
| Exit load | Exit load of 0.05%, if redeemed within 15 days. | Exit load of 0.05%, if redeemed within 15 days. |
Mirae Asset Gold Silver Passive FoF vs Mirae Asset 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Gold Silver Passive FoF (Direct) | −10.58% | −8.23% | −14.73% | +19.16% | -- | -- | -- |
| Mirae Asset Silver ETF FOF (Direct) | −17.10% | −15.66% | −24.11% | -- | -- | -- | -- |
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Year-wise Returns
| Year | Gold Silver PassiveMirae Asset Gold Silver Passive FoF | Silver ETFMirae Asset Silver ETF FOF |
|---|---|---|
| 2026to date | −6.68% | -- |
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Rolling Returns
Every holding period of both funds
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Gold Silver Passive FoF (Direct) | Mirae Asset Silver ETF FOF (Direct) |
|---|---|---|
| Return (CAGR) | +34.53% | −33.22% |
| Standard deviation | 38.82% | 33.52% |
| Sharpe ratio | 0.75 | -1.15 |
| Sortino ratio | 1.00 | -1.52 |
| Maximum drawdown | −35.3% (30-10-2026) | −35.6% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-09-2025 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.
Mirae Asset Gold Silver Passive FoF (Direct)
Mirae Asset Silver ETF FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Gold Silver Passive FoF (Direct) | −23.0% | 14-05-2026 | 30-10-2026 | Not yet | -- | −23.0% |
| Mirae Asset Silver ETF FOF (Direct) | −35.6% | 14-05-2026 | 30-10-2026 | Not yet | -- | −35.6% |
From daily values since 25-03-2026, the first day every fund has.
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Gold Silver Passive FoF, September 2026; Mirae Asset Silver ETF FOF, September 2026
Holdings in common
- Overlap
- 44.8%
- Held by both
- 1
- Only in Mirae Asset Gold Silver Passive FoF
- 1
- Only in Mirae Asset Silver ETF FOF
- 0
| Security | % of Mirae Asset Gold Silver Passive FoF | % of Mirae Asset Silver ETF FOF |
|---|---|---|
| Mirae Asset Silver ETF | 44.79% | 102.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.8% means 44.8% 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 Mirae Asset Gold Silver Passive FoF
| Security | % of fund |
|---|---|
| Mirae Asset Gold ETF | 55.28% |
Largest holdings only in Mirae Asset Silver ETF FOF
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 | Mirae Asset Gold Silver Passive FoF | Mirae Asset Silver ETF FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Gold Silver Passive FoF | Mirae Asset Silver ETF FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 0.21% |
| Base expense ratio (Direct) | 0.09% | 0.12% |
| Total expense ratio (Regular) | 0.69% | 0.77% |
| Base expense ratio (Regular) | 0.57% | 0.59% |
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.
Mirae Asset Gold Silver Passive FoF vs Mirae Asset Silver ETF FOF: Frequently Asked Questions
What is the difference between Mirae Asset Gold Silver Passive FoF and Mirae Asset Silver ETF FOF?
Mirae Asset Gold Silver Passive FoF is a Fund of Funds fund, Mirae Asset Silver ETF FOF is a Fund of Funds fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 44.8%. Mirae Asset Gold Silver Passive FoF charges 0.12% a year and Mirae Asset Silver ETF FOF 0.21%.
Which has the lower expense ratio, Mirae Asset Gold Silver Passive FoF or Mirae Asset Silver ETF FOF?
Mirae Asset Gold Silver Passive FoF charges less: 0.12% a year against 0.21%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Gold Silver Passive FoF and Mirae Asset Silver ETF FOF overlap?
44.8%. They hold 1 of the same securities, the largest shared ones being SILVERAG. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Gold Silver Passive FoF or Mirae Asset Silver ETF FOF?
On SEBI's riskometer, Mirae Asset Gold Silver Passive FoF is rated Very High and Mirae Asset Silver ETF FOF Very High. Over their common history, the standard deviation of daily returns was 38.82% and 33.52% a year.
Can I invest in both Mirae Asset Gold Silver Passive FoF and Mirae Asset Silver ETF FOF?
Yes. 44.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Gold Silver Passive FoF and Mirae Asset Silver ETF FOF?
Mirae Asset Gold Silver Passive FoF: Ritesh Patel. Mirae Asset Silver ETF FOF: Ritesh Patel, amp, Akshay Udeshi.
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.