Silver Index Funds & ETFs — Key Metrics
Compare all passive mutual funds and ETFs tracking Silver by live tracking error, direct expense ratio (TER), and AUM.
Silver Category Summary & Statistics
Active Index Funds / ETFs
18
Tracking Silver
Category Avg. Expense Ratio
0.46%
Avg Direct Plan TER
Lowest Expense Ratio
0.35%
Highest AUM
₹13,816.85 Cr
ICICI Prudential Silver ETF
Lowest Tracking Error
0.5700%
ICICI Prudential Silver ETF
Silver — Key Insights & Category Highlights
- Lowest Tracking Error: ICICI Prudential Silver ETF leads with 0.57% annualized tracking error (category average is 1.01%).
- Lowest Cost Leader: Aditya Birla Sun Life Silver ETF & Kotak Silver ETF charges the lowest direct expense ratio (TER) at 0.35% vs category average of 0.46%.
- Category Scale: ₹50,365 Cr combined AUM across 18 schemes (0 Index Funds, 18 ETFs), led by ICICI Prudential Silver ETF (₹13,817 Cr).
- Expense Ratio Spread: Direct TER ranges from 0.35% to 0.59% (a 0.24% annual fee gap that compounds into tracking difference).
- Tracking Error Variance: Replication error varies from 0.57% to 1.65%. Compare multi-year consistency on the historical chart below.
- Liquidity Watchout: 2 schemes tracking Silver report AUM under ₹50 Cr; ETF buyers should verify exchange order-book depth and impact cost.
Silver Historical Tracking Error & TER Comparison Chart
Fetching historical time-series for Silver...
Silver — Fund Directory & Metrics Breakdown
ICICI Prudential Silver ETFPast: 2026-07-31 | ETF | Very High | 0.5700% | 0.40% | ₹13,816.85 Cr | 2026-07-31 |
Kotak Silver ETF | ETF | Very High | 0.6000% | 0.35% | ₹3,712.48 Cr | 2026-09-30 |
DSP Silver ETF | ETF | High | 0.6200% | 0.40% | ₹1,366.00 Cr | 2026-09-30 |
Aditya Birla Sun Life Silver ETF | ETF | High | 0.7200% | 0.35% | ₹1,230.23 Cr | 2026-09-30 |
Nippon India Silver ETF | ETF | Very High | 0.7900% | 0.58% | ₹4,353.81 Cr | 2026-09-30 |
Mirae Asset Silver ETFPast: 2026-08-31 | ETF | High | 0.8600% | 0.36% | ₹27.99 Cr | 2026-08-31 |
UTI Silver ETF | ETF | High | 0.8700% | 0.59% | ₹1,486.99 Cr | 2026-09-30 |
quant Silver ETFPast: 2026-08-31 | ETF | Very High | 0.9300% | 0.59% | — | 2026-08-31 |
Axis Silver ETF | ETF | Very High | 0.9400% | 0.42% | ₹2,027.70 Cr | 2026-09-30 |
HDFC Silver ETF | ETF | High | 0.9400% | 0.50% | ₹7,724.37 Cr | 2026-09-30 |
SBI Silver ETF | ETF | Very High | 0.9500% | 0.41% | ₹5,817.12 Cr | 2026-09-30 |
Groww Silver ETF | ETF | N/A | 1.0300% | 0.53% | ₹301.26 Cr | 2026-09-30 |
Motilal Oswal Silver ETF | ETF | Very High | 1.2000% | 0.59% | ₹1,044.84 Cr | 2026-09-30 |
Edelweiss Silver ETF | ETF | N/A | 1.3100% | 0.50% | ₹1,788.15 Cr | 2026-09-30 |
Zerodha Silver ETF | ETF | Very High | 1.3400% | 0.39% | ₹227.52 Cr | 2026-09-30 |
Tata Silver ETF | ETF | High | 1.3500% | 0.46% | ₹5,165.99 Cr | 2026-09-30 |
ANGEL ONE SILVER ETF | ETF | Very High | 1.5700% | 0.41% | ₹11.51 Cr | 2026-09-30 |
Bandhan Silver ETF | ETF | High | 1.6500% | 0.45% | ₹262.34 Cr | 2026-09-30 |
Peer Commodities Benchmark Indices
All Passive FundsCommodities BenchmarksSilver
Evaluation Methodology: Tracking Error, Expense Ratio & Debt Metrics
Calculated as the annualized standard deviation of daily excess returns: TE = √250 × σ(R_fund − R_index). Lower tracking error signifies tighter replication discipline and minimal cash drag.
A lower TER directly mitigates return drag over compounding horizons. Higher AUM funds generally feature tighter bid-ask spreads on exchange order books and robust secondary market liquidity.
Yield to Maturity (YTM) indicates gross portfolio yield if securities are held to maturity. Modified duration gauges sensitivity to RBI repo rate changes—shorter duration reduces capital volatility.
Data Sourcing & Update Schedule: All scheme metrics are sourced directly from AMC Factsheets and updated once a month based on the availability and release schedules of factsheets from various AMCs.
Missing Data: Metrics where — is displayed indicate data missing in the AMC's factsheet or that the factsheet itself has not yet been published for the recent month.