Edelweiss Silver ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Silver ETF FoF Direct Growth Plan is priced at ₹9.7789 as of 15 September 2026, with an AUM of ₹107 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the High Risk bucket. Our view is that this is a narrowly constructed silver-oriented fund of fund, so its suitability depends more on an investor’s tolerance for commodity-led swings than on a long return record.
The fund has a single disclosed holding and a very low expense ratio of 0.0%, which keeps the structure simple. For investors who want targeted silver exposure and can tolerate sharp mark-to-market moves, the portfolio profile may be understandable; for investors looking for a smoother equity-style return path, the recent performance pattern is less convincing.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.7789 as of 15 Sep 2026 |
| AUM | ₹107 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 29 Dec 2025 |
| 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 |
The fund is managed by Bhavesh Jain.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.08% | -4.41% |
| 3M | -8.59% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Short-term performance has been soft, with the fund losing ground over both 1 month and 3 months. The 1-month move was slightly better than the benchmark, but the 3-month result was clearly weaker, which tells us the fund has not tracked the benchmark in a steady way over the recent stretch.
The daily path also looks uneven rather than smooth. There were brief recoveries inside the period, but they did not hold for long, and the broader direction remained choppy. That kind of behaviour is consistent with an asset whose value can move sharply when the underlying silver market shifts.
Because there is no meaningful 1-year, 3-year or 5-year track record in the visible performance series, we would treat the recent numbers as a window into volatility rather than as proof of a stable compounding pattern. Relative to the benchmark, the fund has been close in the short run at times, but the 3-month gap shows that it can diverge materially when the market becomes less supportive.
For investors, the key point is that the recent picture is weaker than the headline structure might suggest. The fund can preserve a simple exposure story, but the return path so far has not shown consistency across the available periods.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Edelweiss 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 Silver ETF FoF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Silver ETF FoF Direct Growth Plan | Data not available | Data not available | 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. The current fund has no visible 1-year figure for comparison, while the peers show strong positive 1-year numbers. That gap makes the fund look much softer on the available recent return data.
Where longer periods are visible, the peers with 3-year figures have materially stronger outcomes than the current fund’s unavailable long-horizon record. The short-term and longer-term peer pictures therefore point in the same direction: the current fund does not yet show a competitive return history in the figures that are available for review.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Edelweiss Silver ETF | Domestic Mutual Funds Units – Silver | 99.99% |
The portfolio is almost entirely invested in a single holding, so that one position is likely to have greater influence on the fund’s value than anything else inside the scheme. With 99.99% in Edelweiss Silver ETF, the structure is straightforward and highly focused.
Because only one holding is disclosed, there is no weight fall-off across a broader list of positions inside the visible portfolio. That means the fund’s movement may closely reflect the underlying silver ETF rather than a diversified basket of securities, which can make outcomes more direct but also more dependent on that single exposure.
The disclosed holding count is 1, and the top disclosed holding already accounts for 99.99% of the portfolio. In our view, that leaves very little internal diversification at the scheme level. Investors who are comfortable with concentrated commodity exposure may find the structure easy to understand, while those wanting a wider spread of holdings may prefer a more diversified fund.
Source data date: as of 15 Sep 2026
Who should invest
This fund is better suited to investors who can accept High Risk and are comfortable with a concentrated silver-linked exposure. The recent performance pattern has been weak and choppy, so the investment case is not about steady compounding over the visible periods. Instead, it is about taking a view on silver through a simple fund structure.
The natural horizon here is medium to long term, because short holding periods may leave investors exposed to abrupt moves in the underlying asset. The main trade-off is straightforward: the portfolio is easy to understand and highly focused, but that same focus can bring sharper ups and downs than a diversified equity or hybrid allocation.
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 15D, Nil after 15D.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Silver ETF FoF Direct Growth Plan?
Its NAV is ₹9.7789 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The visible performance figures do not show 1-year, 3-year or 5-year returns for this fund.
How has it done versus the benchmark recently?
Over 1 month, the fund returned -4.08% versus -4.41% for the benchmark. Over 3 months, it returned -8.59% versus -3.6% for the benchmark.
How does it compare with peer silver FoF schemes on available returns?
Peers with visible 1-year figures show strong gains, with SBI Silver ETF FOF Direct Growth Plan at 76.71% and Kotak Silver ETF FoF Direct Growth Plan at 75.91%. This fund does not have a visible 1-year figure in the comparison set.
Is there a minimum SIP amount?
The minimum SIP is ₹100.
What are the risk profile, portfolio focus and exit load?
The fund is classified as High Risk, and the portfolio is almost fully invested in Edelweiss Silver ETF at 99.99%. The exit load is 0.10% on or before 15 days and nil after 15 days.
Bottom line
This fund has a simple, concentrated structure and a very recent launch, so the available history is still limited. The short-term return pattern has been uneven and below the benchmark over 3 months, while peers with visible 1-year figures have shown much stronger gains. The portfolio is almost entirely tied to one silver ETF, which makes the exposure easy to follow but also more concentrated. It is best viewed as a high-risk, silver-linked allocation for investors who are comfortable with sharp swings rather than a broad diversification tool.
Published on 17 September 2026 at 1:57 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.