{"id":250149,"date":"2026-09-16T16:24:02","date_gmt":"2026-09-16T10:54:02","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/"},"modified":"2026-09-16T16:24:02","modified_gmt":"2026-09-16T10:54:02","slug":"dsp-silver-etf-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/","title":{"rendered":"DSP Silver ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-silver-etf-fof-g-direct-plan\">DSP Silver ETF FoF Direct Growth Plan<\/a> is priced at \u20b923.3108 as of 15 September 2026, and its scheme AUM stands at \u20b9715 Cr. Its 1-year, 3-year and 5-year returns are 73.5%, 0% and 0%, respectively, and the scheme is tagged High Risk. Our view is that this is a niche thematic fund with a sharp 1-year run, but its short track record and volatile recent moves mean it suits investors who are comfortable with higher swings and a silver-linked allocation rather than those seeking steady all-weather compounding.<\/p>\n<p>The fund has beaten the benchmark over 1 year, while the shorter 1-month and 3-month numbers show that the path has not been smooth. The portfolio is almost fully concentrated in a single holding, so the fund\u2019s movement is likely to track that underlying exposure very closely.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_DSP_Silver_ETF_FoF\" title=\"Should you BUY or HOLD DSP Silver ETF FoF?\">Should you BUY or HOLD DSP Silver ETF FoF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#What_is_the_current_NAV_of_DSP_Silver_ETF_FoF_Direct_Growth_Plan\" title=\"What is the current NAV of DSP Silver ETF FoF Direct Growth Plan?\">What is the current NAV of DSP Silver ETF FoF Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#What_are_the_1-year_3-year_and_5-year_returns\" title=\"What are the 1-year, 3-year and 5-year returns?\">What are the 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#How_has_the_fund_done_versus_the_benchmark\" title=\"How has the fund done versus the benchmark?\">How has the fund done versus the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#How_does_it_compare_with_similar_silver_FoFs\" title=\"How does it compare with similar silver FoFs?\">How does it compare with similar silver FoFs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#What_is_the_minimum_SIP_and_what_is_the_risk_category\" title=\"What is the minimum SIP and what is the risk category?\">What is the minimum SIP and what is the risk category?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#What_do_the_portfolio_and_exit_load_look_like\" title=\"What do the portfolio and exit load look like?\">What do the portfolio and exit load look like?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/dsp-silver-etf-fof-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b923.3108 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9715 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.57%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>15 May 2025<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Others<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Anil Ghelani, Diipesh Shah, Neha Rathi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-4.23%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-9.32%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>73.5%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent picture is mixed. Over 1 month, the fund slipped slightly more than the benchmark, but the gap was still small enough to show that both moved in the same broad direction. Over 3 months, the fund fell much more sharply than the benchmark, which tells us that the path has been volatile and that shorter holding periods can look quite different from the annual number.<\/p>\n<p>The 1-year outcome is the standout part of the history. A gain of 73.5% against the benchmark\u2019s -8.27% shows that the fund has been in a very different return environment from the equity benchmark, which is not surprising for a silver-linked vehicle. That said, the 3-month decline warns that recent momentum has not been one-way, so the strong annual figure should be read alongside the uneven shorter-term pattern.<\/p>\n<p>Because the fund has been live since May 2025, 3-year and 5-year return figures are not available. That short history matters for interpretation: we can see a strong year, but we cannot yet use a full market cycle to judge how consistently the strategy handles different environments. For investors, the key question is not whether the last year was strong, but whether they are comfortable with a return path that can swing quickly from one period to the next.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_DSP_Silver_ETF_FoF\"><\/span>Should you BUY or HOLD DSP Silver ETF FoF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding DSP Silver ETF FoF? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-silver-etf-fof-g-direct-plan\">DSP Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>73.5%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-silver-etf-fof-g-direct-plan\">ICICI Pru Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>73.08%<\/td>\n<td>44.2%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/uti-silver-etf-fof-g-direct-plan\">UTI Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>73%<\/td>\n<td>44.38%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-silver-etf-fof-g-direct-plan\">Tata Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>69.73%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/union-gold-etf-fof-g-direct-plan\">Union Gold ETF FoF Direct Growth Plan<\/a><\/td>\n<td>37.4%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return is fractionally ahead of the closest silver peers shown here, which suggests it has kept pace with a strong category backdrop over the latest year. The difference is small, so the main takeaway is not a wide gap but a slightly better recent outcome than the most comparable silver FoFs available here.<\/p>\n<p>On longer periods, the comparison is less complete because some peer 3-year figures are available while this fund does not yet have that history. Among the funds with 3-year data, the comparable silver peers are in the mid-40% range, which makes the current fund\u2019s shorter life the key reason the table looks uneven rather than clearly weak. The 5-year column is largely unavailable across the set, so the available peer data supports a reading of recent strength rather than a full-cycle verdict.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>DSP Silver ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>99.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>With only one disclosed holding, the fund is effectively a single-position portfolio. That holding, DSP Silver ETF, accounts for 99.95% of the portfolio, so the fund\u2019s outcome may be driven almost entirely by that underlying silver ETF rather than by any broader asset mix.<\/p>\n<p>Because there is no visible tail of additional holdings, there is no gradual fall in weight from first to tenth position to discuss; instead, the structure is highly concentrated from the outset. The disclosed holding count is one, so the portfolio is far less diversified than a multi-holding fund and could react quickly if the underlying silver exposure moves sharply.<\/p>\n<p>The concentration is also evident from the combined weight of 99.95%. That leaves very little room for other portfolio influences, which means investors should expect the fund to behave more like a focused silver exposure than a diversified mutual fund sleeve.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who can tolerate High Risk and are comfortable with sharp swings in returns. The 1-year number is strong, but the much weaker 3-month result shows that the ride can be uneven, so it fits people who can hold through volatility rather than those who want smooth month-to-month outcomes.<\/p>\n<p>The main use case is a medium- to longer-term allocation where the investor wants silver-linked exposure and understands that the benchmark comparison may not move in step with the fund. The trade-off is clear: the fund offers strong upside potential when silver-related conditions are favorable, but the portfolio concentration and short history mean the path can be abrupt and hard to predict over shorter periods.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_DSP_Silver_ETF_FoF_Direct_Growth_Plan\"><\/span>What is the current NAV of DSP Silver ETF FoF Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b923.3108 as of 15 September 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_1-year_3-year_and_5-year_returns\"><\/span>What are the 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year return is 73.5%, while the 3-year and 5-year returns are 0% in the schema context and should be treated as Data not available for this short-lived fund.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_done_versus_the_benchmark\"><\/span>How has the fund done versus the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outperformed the benchmark over 1 year, with 73.5% versus -8.27%. Over 1 month and 3 months, both the fund and benchmark were negative, but the fund\u2019s 3-month decline was steeper.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_similar_silver_FoFs\"><\/span>How does it compare with similar silver FoFs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is slightly ahead of the closest silver peers shown here, while the peer set with 3-year figures shows outcomes in the mid-40% range. The comparison points to recent strength rather than a long history of performance.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_and_what_is_the_risk_category\"><\/span>What is the minimum SIP and what is the risk category?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP is \u20b9100 and the scheme is classified as High Risk. That combination suits investors who are comfortable with higher volatility and want exposure to a focused silver-linked strategy.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_do_the_portfolio_and_exit_load_look_like\"><\/span>What do the portfolio and exit load look like?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The disclosed portfolio is almost fully concentrated in DSP Silver ETF at 99.95%, and the scheme has no exit load. The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DSP Silver ETF FoF Direct Growth Plan has a strong 1-year record, but its recent 3-month weakness shows that the short-term path can be choppy. Compared with the available peer data, it is broadly in line with the better silver FoFs on the latest year and lacks a full longer-term history for a complete verdict. The High Risk tag and near-single-holding structure make it a focused, silver-linked allocation rather than a diversified core holding, so it is best read as a specialist exposure for investors who can accept volatility.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 4:22 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"DSP Silver ETF FoF Direct Growth Plan\",\"identifier\":\"dsp-silver-etf-fof-g-direct-plan\",\"category\":\"Others\",\"dateCreated\":\"15 May 2025\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":23.3108,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"715 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.57\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":73.5},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Anil Ghelani, Diipesh Shah, Neha Rathi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of DSP Silver ETF FoF Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b923.3108 as of 15 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 73.5%, while the 3-year and 5-year returns are Data not available for this short-lived fund.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund done versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year, with 73.5% versus -8.27%. Over 1 month and 3 months, both the fund and benchmark were negative, but the fund\u2019s 3-month decline was steeper.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with similar silver FoFs?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is slightly ahead of the closest silver peers shown here, while the peer set with 3-year figures shows outcomes in the mid-40% range. The comparison points to recent strength rather than a long history of performance.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP and what is the risk category?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP is \u20b9100 and the scheme is classified as High Risk. That combination suits investors who are comfortable with higher volatility and want exposure to a focused silver-linked strategy.\"}},{\"@type\":\"Question\",\"name\":\"What do the portfolio and exit load look like?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The disclosed portfolio is almost fully concentrated in DSP Silver ETF at 99.95%, and the scheme has no exit load. The fund is managed by Anil Ghelani, Diipesh Shah and Neha Rathi.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DSP Silver ETF FoF Direct Growth Plan shows a \u20b923.3108 NAV as of 15 September 2026, \u20b9715 Cr AUM, and a 73.5% 1-year return with High Risk classification.<\/p>\n","protected":false},"author":38,"featured_media":250145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-250149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["250145"],"rank_math_title":["DSP Silver ETF FoF Review 2026 | NAV &amp; Returns"],"rank_math_description":["DSP Silver ETF FoF Direct Growth Plan NAV is \u20b923.3108 as of 15 Sep 2026; 1Y return is 73.5% with High Risk."],"rank_math_focus_keyword":["DSP Silver ETF FoF Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/DSP_Silver_ETF_FoF_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_bullish.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/250149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=250149"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/250149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/250145"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=250149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=250149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=250149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}