Zerodha Silver ETF
Page methodology reviewed by Kshitij Jain, Principal Officer, NYVO Investment Advisor (INA000022172) · Data updated
NAV
₹18.65
as of 4 Nov 2026
Zerodha Silver ETF is an open-ended Silver ETF scheme from Zerodha Mutual Fund managing ₹1,139 crore (as of 30 Sept 2026). Its Direct-plan NAV is ₹18.65 as of 4 Nov 2026. The expense ratio is 0.39% a year. Managed by Kedarnath Mirajkar. This page is factual data only – it carries no rating and no recommendation.
What the fund data says
Zerodha Silver ETF is a Direct-plan Silver ETF scheme managed by Zerodha Mutual Fund. It reported ₹1,139 crore in assets as of 30 Sept 2026. The scheme began on 20 Mar 2025. The named fund manager is Kedarnath Mirajkar.
The dated asset mix was 0.0% equity, 0.0% debt, 0.2% cash and 99.8% other as of 30 Sept 2026. The portfolio reported 3 holdings, with the ten largest accounting for 99.8% as of 30 Sept 2026.
The Direct-plan expense ratio was 0.39% a year as of 31 Aug 2026. Its displayed SEBI Riskometer level was Very High Risk. These are historical, date-specific observations. They are not a rating, forecast or recommendation. Category comparisons use the category median over the same available period, while overlapping rolling windows are not independent probabilities.
Key facts
- SIP available
- No
- Launched
- 20 Mar 2025
- ISIN
- INF0R8F01091
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 4 Nov 2026Benchmark: Domestic Price of Silver
Zerodha Silver ETF
₹185
+85% on ₹100 over 1.6 yrs
Silver ETF average
₹173
+73% on ₹100 over 1.6 yrs
Returns vs category
| Window | Fund | Category median | Gap |
|---|---|---|---|
| 3 months | -17.82% | -18.09% | +0.27 |
| 6 months | -27.52% | -26.87% | -0.65 |
| 1 year | 25.74% | 25.85% | -0.11 |
No category median is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- 19.8%
- Median
- 105.6%
- Highest
- 188.4%
9 windows over the last 20 months, stepped monthly; 100% ended positive. Worst window began 3 Nov 2025. Windows overlap – this is the range of past start dates, not a probability of anything.
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Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Right now
-51.3% below peak
Where the money actually is
Cash
0.2%
Other
99.8%
Whole-portfolio split, as of 30 Sept 2026.
What it owns
3 positions · top 10 = 99.8%
Top holdings
- Silver96.95%
- Silver Etcd 04 Dec 2026matures 4 Dec 20262.83%
- Net Receivable / Payable0.22%
Holdings as of 30 Sept 2026. Portfolio turnover 69.4% vs category 32.9% a year.
Money in, money out
- Net flow, 12 months
- +₹873 cr
- Net flow, 3 months
- +₹17 cr
as of 30 Sept 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Zerodha Silver ETF?
- ₹18.65 per unit as of 4 Nov 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Zerodha Silver ETF?
- 0.39% a year for the Direct plan, as of 31 Aug 2026.
- How large is Zerodha Silver ETF?
- ₹1,139 crore under management as of 30 Sept 2026, in the Silver ETF category.
- How risky is Zerodha Silver ETF?
- Its SEBI Riskometer reading is "Very High Risk".
- Who manages Zerodha Silver ETF?
- Kedarnath Mirajkar, managing this fund for 1.5 years.
Where this fund sits
Fund house
Zerodha Mutual Fund funds →
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The money map
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Side by side
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What it costs
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What 0.39% a year takes from your SIP or lumpsum over time.
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Other Silver ETF funds
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Domestic Price of Silver) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.