The Axis Silver ETF, managed by Axis Asset Management Company Limited, aims to replicate the domestic price of silver, providing investors exposure to physical silver's performance with inherent tracking error risks.

The fund's investment strategy focuses on closely tracking the domestic price of physical silver, utilizing the LBMA Silver daily spot AM fixing price as its benchmark for performance evaluation.

With a substantial allocation of 97.8% to physical silver, the fund maintains minimal exposure to debt and cash, highlighting a concentrated investment strategy that could amplify both returns and risks.

Over the past year, the ETF has delivered an impressive return of +66.8%, with a robust 3-year CAGR of 34.4%, reflecting strong performance amid market fluctuations and silver price dynamics.

The fund, with an AUM of ₹638.4 Cr and an expense ratio of 0.37%, is managed by experienced professionals, ensuring operational efficiency while maintaining a low tracking error of 0.54%.