ICICI Prudential Silver ETF

The ICICI Prudential Silver ETF, managed by ICICI Prudential Asset Management Company Limited, aims to provide returns closely aligned with domestic silver prices, operating as an open-ended scheme.

This ETF tracks the LBMA AM fixing prices for silver, employing a replication strategy to minimize tracking error and ensure performance closely mirrors the underlying asset.

Portfolio composition reveals a significant concentration in silver at 98.03%, with minimal exposure to short-term debt and net current assets, indicating a high-risk concentration in one asset class.

Over the past year, the fund has delivered an impressive return of +57.0%, with a three-year CAGR of 35.3%, showcasing strong performance amidst fluctuating market conditions.

With a fund size of ₹5438.9 Cr and a competitive expense ratio of 0.4%, the ETF is accessible for investors, managed by experienced professionals since early 2022 and late 2024.