The Mirae Asset Silver ETF, managed by Mirae Asset Investment Managers, is an open-ended fund with a passive investment style aimed at replicating the domestic price of silver.

This ETF tracks the domestic price of physical silver, utilizing a straightforward replication strategy to ensure alignment with its benchmark, which is the domestic price of silver.

With a concentrated portfolio, the ETF allocates 97.62% to silver, reflecting a strong focus on this precious metal, while holding a minor 2.38% in cash and receivables.

Over the past year, the fund has demonstrated impressive performance with a growth of 58.6%, supported by a tracking error of 0.6%, indicating effective management in aligning with its benchmark.

The fund has a size of ₹143.8 Cr and a low expense ratio of 0.35%, enhancing its appeal for investors seeking cost-effective exposure to silver in a liquid market environment.