Bandhan Silver ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Bandhan Silver ETF FOF Direct Growth Plan currently has a NAV of ₹7.4893 as of 16 Sep 2026 and scheme AUM of ₹160 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively, and the scheme sits in the High Risk bucket. Our view is that this is a niche silver-linked fund-of-fund where the portfolio structure matters more than any short performance burst; the current setup suits investors who can tolerate sharp swings and want exposure through a single underlying holding.
The scheme has been live only since 23 Jan 2026, so the short operating history and the fully concentrated portfolio call for a careful, longer-horizon approach. The benchmark used is Nifty 50, but the fund’s behaviour is better understood through its silver ETF exposure than through a broad equity index lens.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹7.4893 as of 16 Sep 2026 |
| AUM | ₹160 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 23 Jan 2026 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Abhishek Jain |
The fund is managed by Abhishek Jain.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.38% | -4.41% |
| 3M | -6.59% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern is uneven. Over 1 month, the fund slipped less than the benchmark, which points to some relative steadiness in a weak patch. Over 3 months, however, the fund declined more than the benchmark, so the recent trend has not been consistently better than the market measure.
Because the scheme launched only in January 2026, there is no meaningful 1-year, 3-year or 5-year operating record to judge from. That makes the recent path especially important, but it also limits how far we can stretch the interpretation. The fund has already shown enough movement to remind investors that silver exposure can change quickly.
Our read-through is that the fund’s short history is still being shaped by the underlying silver cycle rather than by a long compounding record. The benchmark comparison is therefore useful mainly as a reference point, not as a decisive signal of skill or consistency.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Bandhan Silver ETF FOF?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Bandhan Silver ETF FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Silver ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Gold and Silver Passive FoF Direct Growth Plan | Data not available | Data not available | Data not available |
| HSBC Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Bandhan Silver ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| The Wealth Company Gold ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The table does not create a useful long-term comparison because the available peer set has no disclosed 1-year, 3-year or 5-year figures here. That means the short-term numbers for the current scheme remain the only visible performance guide, and they already show that recent movement has been mixed rather than smooth.
Without longer-horizon peer returns, the cleaner conclusion is that this fund should be judged on structure and market exposure more than on relative return leadership. The short-term record still needs time to mature before it can be compared with peers in a meaningful way.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Bandhan Silver ETF | Domestic Mutual Funds Units – Silver | 100.16% |
The portfolio is effectively built around a single holding, so the largest position is the entire visible exposure at 100.16%. In practical terms, that means the scheme’s movement is likely to be closely tied to that one underlying silver ETF rather than spread across several independent positions.
Because only one holding is disclosed, there is no weight drop-off from the largest position to a tenth holding. This is an important sign of concentration: the disclosed structure is not diversified across multiple names, so the portfolio may move in a very direct way with the underlying silver instrument.
With just one holding and a disclosed total holding count of one, the portfolio is highly concentrated rather than layered across a long tail. The combined disclosed weight is effectively all of the visible portfolio, which means there is little internal offset from other positions.
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who can handle High Risk exposure and who understand that a silver-linked fund-of-fund can move sharply in both directions. The short operating history means there is no long return track record to smooth out the picture, so this is better suited to someone looking at the theme over a longer horizon rather than to a short-term allocator.
The main trade-off is concentration: the portfolio is built around one underlying silver ETF, so the fund offers a direct thematic bet rather than broad diversification. Investors comparing it with the benchmark or with peer funds should be comfortable with uneven short-term results and with the possibility that returns may not look steady from one period to the next.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 0.25% on or before 15D, Nil after 15D.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Bandhan Silver ETF FOF Direct Growth Plan?
The current NAV is ₹7.4893 as of 16 Sep 2026.
What are the fund’s returns across 1 year, 3 years and 5 years?
The fund’s 1-year, 3-year and 5-year returns are not available yet because the scheme is too new for those horizons.
How has the fund done versus its benchmark recently?
Over 1 month, it fell less than the benchmark, but over 3 months it declined more than the benchmark. That makes the recent picture mixed rather than consistently better or worse.
How does it compare with the peer funds listed here?
The peer set shown here also does not display usable 1-year, 3-year or 5-year return figures, so there is no clean long-term return comparison available from the table.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
Abhishek Jain manages the fund. The exit load is 0.25% on or before 15D, and Nil after 15D.
Bottom line
Bandhan Silver ETF FOF Direct Growth Plan is a high-risk, theme-led fund with a very concentrated structure and a short live history. Its recent movement has been uneven versus the benchmark, and there is no long horizon return record yet to anchor a stronger conclusion. The single-holding portfolio makes the scheme tightly tied to silver exposure, which may suit investors who want a direct thematic allocation and can tolerate sharp swings.
Published on 17 September 2026 at 2:15 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.