# Silver mutual funds compared

Source page: https://www.rudowealth.com/mutual-funds/category/silver-funds

Silver funds invest in silver, mostly through silver ETFs, so their value follows the price of silver in rupees. (SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.)

All 16 silver funds, Direct plan, Growth option, NAV as of 2026-10-07. Every figure is worked out from each fund's own NAV.

Category averages: 3-year return +44.1% a year, 5-year return not available (both annualised), volatility over 3 years 38.2%, expense ratio 0.23%.

| Rank | Fund | 1Y | 3Y (annualised) | 5Y (annualised) | Volatility 3Y | Worst fall 5Y | Expense ratio | Fund size |
|---|---|---|---|---|---|---|---|---|
| 1 | [Kotak Silver ETF Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/kotak-silver-etf-fund-of-fund-direct-plan-growth-option) | +45.4% | +44.4% | N/A | 36.8% | N/A | 0.28% | ₹1,004 Cr |
| 2 | [Nippon India Silver ETF FOF- Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/nippon-india-silver-etf-fof-direct-plan-growth-option) | +43.9% | +44.4% | N/A | 42.6% | N/A | 0.22% | ₹4,561 Cr |
| 3 | [Axis Silver Fund of Fund- Direct Plan-Growth Option](https://www.rudowealth.com/mutual-funds/axis-silver-fund-of-fund-direct-plan-growth-option) | +45.6% | +44.4% | N/A | 37.1% | N/A | 0.09% | ₹1,281 Cr |
| 4 | [ICICI Prudential Silver ETF FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/icici-prudential-silver-etf-fund-of-fund-direct-plan-growth) | +43.5% | +44.4% | N/A | 36.7% | N/A | 0.20% | ₹6,514 Cr |
| 5 | [HDFC Silver ETF Fund of Fund - Growth Option - Direct Plan](https://www.rudowealth.com/mutual-funds/hdfc-silver-etf-fund-of-fund-growth-option-direct-plan) | +44.4% | +44.1% | N/A | 39.3% | N/A | 0.22% | ₹4,699 Cr |
| 6 | [Aditya Birla Sun Life Silver ETF FOF-Direct Growth](https://www.rudowealth.com/mutual-funds/aditya-birla-sun-life-silver-etf-fof-direct-growth) | +44.3% | +43.6% | N/A | 37.5% | N/A | 0.32% | ₹1,295 Cr |
| 7 | [UTI Silver ETF Fund of Fund - Direct Plan - Growth Option](https://www.rudowealth.com/mutual-funds/uti-silver-etf-fund-of-fund-direct-plan-growth-option) | +44.8% | +43.0% | N/A | 37.2% | N/A | 0.13% | ₹655 Cr |
| 8 | [SBI Silver ETF Fund of Fund- Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/sbi-silver-etf-fund-of-fund-direct-plan-growth) | +46.7% | N/A | N/A | N/A | N/A | 0.31% | ₹3,924 Cr |
| 9 | [Zerodha Silver ETF FoF - Direct Growth](https://www.rudowealth.com/mutual-funds/zerodha-silver-etf-fof-direct-growth) | +44.9% | N/A | N/A | N/A | N/A | 0.21% | ₹238 Cr |
| 10 | [DSP Silver ETF Fund of Fund - Direct - Growth](https://www.rudowealth.com/mutual-funds/dsp-silver-etf-fund-of-fund-direct-growth) | +44.7% | N/A | N/A | N/A | N/A | 0.58% | ₹716 Cr |
| 11 | [Groww Silver ETF FOF - Direct - Growth](https://www.rudowealth.com/mutual-funds/groww-silver-etf-fof-direct-growth) | +44.2% | N/A | N/A | N/A | N/A | 0.18% | ₹90 Cr |
| 12 | [Tata Silver ETF Fund of Fund Direct Plan Growth Option](https://www.rudowealth.com/mutual-funds/tata-silver-etf-fund-of-fund-direct-plan-growth-option) | +42.1% | N/A | N/A | N/A | N/A | 0.22% | ₹1,094 Cr |
| 13 | [Angel One Silver ETF FOF -Direct Growth](https://www.rudowealth.com/mutual-funds/angel-one-silver-etf-fof-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.20% | ₹12 Cr |
| 14 | [Bandhan Silver ETF FOF-Direct-Growth](https://www.rudowealth.com/mutual-funds/bandhan-silver-etf-fof-direct-growth) | N/A | N/A | N/A | N/A | N/A | 0.12% | ₹160 Cr |
| 15 | [Edelweiss Silver ETF Fund of Fund - Direct Plan Growth Option](https://www.rudowealth.com/mutual-funds/edelweiss-silver-etf-fund-of-fund-direct-plan-growth-option) | N/A | N/A | N/A | N/A | N/A | 0.14% | ₹107 Cr |
| 16 | [Mirae Asset Silver ETF FOF - Direct Plan - Growth](https://www.rudowealth.com/mutual-funds/mirae-asset-silver-etf-fof-direct-plan-growth) | N/A | N/A | N/A | N/A | N/A | 0.23% | ₹33 Cr |

Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. We do not label any fund as the best.

Investing from the UAE: NRIs can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.

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RuDo Wealth is a fee-only cross-border advisory operating through two separate companies. India: RuDo Wealth Investment Advisory, SEBI Registered Investment Adviser, registration INA000019503. UAE: RuDo Digital Wealth, FSRA Financial Services Permission 220155, Category 3C (Retail), ADGM. The entity permitted to serve you depends on your country of residence.

General information, not a recommendation to buy or sell any fund. Past performance does not indicate future returns.