Mirae Asset Silver ETF, managed by Mirae Asset Investment Managers, aims to replicate the domestic price of silver through a passive investment strategy, making it a unique commodity-focused ETF.

The fund tracks the domestic price of physical silver, ensuring that investors gain exposure to silver's price movements, with a benchmark that aligns closely with its investment objective.

With a significant allocation of 98.2% in silver, the fund exhibits a concentrated asset profile, posing potential concentration risks while maintaining a minor 1.8% in cash and receivables.

Over the past year, the ETF has demonstrated impressive performance with a change of +66.5%, supported by a low tracking error of 0.6%, indicating effective replication of its benchmark.

The fund, with an AUM of ₹287.6 Cr and an expense ratio of 0.34%, is efficiently managed by Ritesh Patel and Akshay Udeshi, ensuring good liquidity and cost-effectiveness for investors.