Edelweiss Gold and Silver ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Gold and Silver ETF FoF Direct Growth Plan is an open-ended fund of fund with a current NAV of ₹34.057 as of 16 Sep 2026 and a scheme AUM of ₹3,275 Cr. Its 1-year, 3-year and 5-year returns are 56.8%, 40.43% and 0% respectively, and the fund sits in the High Risk bucket.
Our view is that this is a concentrated precious-metals allocation with sharp recent gains but a weaker very short-term patch, so it is better suited to investors who can tolerate volatility and want commodity-linked diversification rather than steady return visibility.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹34.057 as of 16 Sep 2026 |
| AUM | ₹3,275 Cr |
| Expense Ratio | 0.23% |
| Launch Date | 14 Sep 2022 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | 0.10% on or before 15D, Nil after 15D |
| Fund Managers | Bhavesh Jain, Bharat Lahoti |
The fund is managed by Bhavesh Jain and Bharat Lahoti.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.63% | -4.41% |
| 3M | -3.01% | -3.6% |
| 1Y | 56.8% | -7.76% |
| 3Y | 40.43% | 5.74% |
| 5Y | Data not available | Data not available |
The recent picture is mixed but still constructive. Over 1 month and 3 months, the fund was marginally negative, which tells us the recent momentum has softened after a strong run rather than breaking down in a major way. The 1-year return remains very strong at 56.8%, while the benchmark return over the same period is -7.76%, so the fund has clearly behaved differently from the broad equity index.
The 3-year return at 40.43% is also well above the benchmark’s 5.74%, which supports the case that the fund has delivered strong compounding over a fuller market cycle. At the same time, the gap between the positive 1-year and 3-year numbers and the mildly weak 1-month and 3-month figures suggests returns can move around quickly. For an investor, that means the fund can reward patience, but the path is unlikely to be smooth.
We also note that the benchmark has been weak over the 1-year window while the fund stayed strong, so the comparison is not a straightforward equity-style read-through. This is a fund where the return driver is likely to be different from a conventional diversified equity approach, and that difference is central to how the numbers should be interpreted.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Edelweiss Gold and 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 Edelweiss Gold and Silver ETF FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Gold and Silver ETF FoF Direct Growth Plan | 56.8% | 40.43% | Data not available |
| SBI Silver ETF FOF Direct Growth Plan | 76.71% | Data not available | Data not available |
| Kotak Silver ETF FoF Direct Growth Plan | 75.91% | 45.12% | Data not available |
| Axis Silver FoF Direct Growth Plan | 74.42% | 45.18% | Data not available |
| Zerodha Silver ETF FoF Direct Growth Plan | 73.46% | Data not available | Data not available |
| Nippon India Silver ETF FOF Direct Growth Plan | 72.65% | 43.94% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year performance, the fund trails the stronger silver-focused peer returns in this set, with several peers above 72%. Even so, its 56.8% figure is still strong in absolute terms, and the 3-year return of 40.43% holds up reasonably well against peers that report multi-year numbers, including Kotak, Axis and Nippon India. The main distinction is that the fund’s longer-term result is more balanced, while the peer set skews more aggressively to recent 1-year strength.
That difference matters because the short-term and longer-term comparisons point in different directions. In the near term, the fund is behind the fastest-moving peer returns, but over 3 years it remains solid and far ahead of the equity benchmark. For investors, that means the fund has not been the strongest recent climber among comparable silver themes, yet its multi-year record is still supportive relative to the benchmark and competitive enough to merit attention on a risk-adjusted basis.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Edelweiss Gold ETF | Domestic Mutual Funds Units – Gold | 50.15% |
| Edelweiss Silver ETF | Domestic Mutual Funds Units – Silver | 50.01% |
From a portfolio angle, the fund is almost entirely split between two ETF holdings. The largest line item, Edelweiss Gold ETF, is 50.15%, which means it is likely to have a meaningful effect on overall fund movement, while Edelweiss Silver ETF at 50.01% keeps the structure balanced across the two metals.
The drop-off from the first holding to the second is negligible, so this is not a portfolio where one position dominates the other by much. At the same time, there are only 2 disclosed holdings in total and the combined weight of the displayed holdings is 100%, which tells us the portfolio is fully concentrated in these two sleeves rather than spread across a longer tail.
That concentration may make the fund easier to understand, but it also means investors are taking a direct view on gold and silver together, with very little room for diversification inside the scheme itself. As a result, returns may be influenced more by movements in the underlying metals than by stock-selection style effects.
Source data date: as of 16 Sep 2026
Who should invest
This fund is suited to investors who can handle High Risk volatility and are comfortable with a commodity-linked allocation rather than a mainstream equity-style pattern. The 1-year and 3-year returns are strong, but the weaker 1-month and 3-month numbers show that performance can fluctuate quickly.
The better fit is likely a medium- to long-term horizon, because the multi-year return record is much more informative than the very short-term swings. Investors also need to accept that the benchmark comparison is not close to a typical diversified fund experience; the return pattern is tied to gold and silver exposure, not broad market participation.
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: 0.10% on or before 15 days; nil after 15 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Gold and Silver ETF FoF Direct Growth Plan?
The current NAV is ₹34.057 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 56.8%, the 3-year return is 40.43%, and the 5-year return is Data not available.
How does the fund compare with the benchmark?
It has outperformed the Nifty 50 benchmark over 1 year and 3 years. The benchmark return is -7.76% over 1 year and 5.74% over 3 years.
How does it compare with the peer funds listed here?
Its 1-year return is below several silver-focused peers that report higher recent gains, but its 3-year number remains respectable where multi-year figures are available. The comparison is strongest on consistency across periods rather than on the highest short-term surge.
Is there a minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain and Bharat Lahoti. The exit load is 0.10% on or before 15 days, and nil after 15 days.
Bottom line
Edelweiss Gold and Silver ETF FoF Direct Growth Plan has a strong 1-year and 3-year record, but the latest short-term numbers show some cooling after the earlier run-up. Against the benchmark, the fund is clearly ahead over the measured periods, while peer comparison suggests its recent pace is not the fastest in the group. Its key portfolio trait is concentration: the scheme is split almost evenly between just two ETF holdings, so investors are making a focused gold-and-silver call with High Risk volatility built in.
Published on 17 September 2026 at 4:41 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.