The ICICI Prudential Silver ETF, managed by ICICI Prudential Asset Management Company Limited, is an open-ended scheme aimed at closely tracking domestic silver prices while fostering portfolio diversification.

This passive investment strategy replicates the LBMA AM fixing Prices, with a focus on minimizing tracking error to achieve investment returns aligned with silver's domestic market performance.

The fund primarily invests in silver, holding 98.19% of its assets in this commodity, complemented by a minor allocation of 1.81% in short-term debt and net current assets.

Over the past year, the fund has demonstrated remarkable performance with a change of +66.7%, while its three-year CAGR stands at an impressive +34.3%, indicating strong growth potential.

With an AUM of ₹8080.2 Cr and an expense ratio of 0.4%, the fund is well-positioned for investors seeking liquid exposure to silver, managed by experienced professionals.