HDFC Silver ETF, managed by HDFC Asset Management Company Limited, is an open-ended passive scheme aimed at mirroring the performance of physical silver in domestic prices, subject to tracking error.

The fund employs a passive investment strategy with a benchmark of physical silver, ensuring that returns closely align with the metal's market performance while maintaining a low tracking error of 0.56%.

Portfolio concentration is significant, with 97.7% allocated to silver, reflecting a focused investment approach, while the remaining 2.3% is held in cash and equivalents, indicating low diversification risk.

The fund has demonstrated impressive performance, with a 1-year return of 59.2% and a 3-year CAGR of 36.0%, showcasing strong resilience and effective tracking of its benchmark amid market fluctuations.

With an AUM of ₹1369.2 Cr and an expense ratio of 0.45%, the fund is efficiently managed under Bhagyesh Kagalkar since September 2022, providing accessible trading on major exchanges.