{"id":256800,"date":"2026-09-18T13:09:48","date_gmt":"2026-09-18T07:39:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/uti-silver-etf-fof-direct-growth-review-2026\/"},"modified":"2026-09-18T13:09:48","modified_gmt":"2026-09-18T07:39:48","slug":"uti-silver-etf-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/uti-silver-etf-fof-direct-growth-review-2026\/","title":{"rendered":"UTI Silver ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/uti-silver-etf-fof-g-direct-plan\">UTI Silver ETF FoF Direct Growth Plan<\/a> last stood at \u20b928.9382 on 17 Sep 2026, with scheme AUM of \u20b9654 Cr. Its 1-year, 3-year and 5-year returns are 73.31%, 45.21% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a focused silver-linked allocation that has delivered strong medium-term gains, but the recent pullback means investors need a clear tolerance for sharp swings.<\/p>\n<p>The portfolio is highly concentrated and benchmark behaviour has been uneven, so this is better suited to investors who can hold through volatility and are comfortable with commodity-linked price moves rather than steady, index-like outcomes.<\/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\/uti-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\/uti-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\/uti-silver-etf-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_UTI_Silver_ETF_FoF\" title=\"Should you BUY or HOLD UTI Silver ETF FoF?\">Should you BUY or HOLD UTI 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\/uti-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\/uti-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\/uti-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\/uti-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\/uti-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\/uti-silver-etf-fof-direct-growth-review-2026\/#What_is_the_current_NAV_of_UTI_Silver_ETF_FoF_Direct_Growth_Plan\" title=\"What is the current NAV of UTI Silver ETF FoF Direct Growth Plan?\">What is the current NAV of UTI 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\/uti-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\/uti-silver-etf-fof-direct-growth-review-2026\/#How_has_the_fund_performed_versus_the_benchmark\" title=\"How has the fund performed versus the benchmark?\">How has the fund performed 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\/uti-silver-etf-fof-direct-growth-review-2026\/#How_does_it_compare_with_other_silver_funds_in_the_peer_set\" title=\"How does it compare with other silver funds in the peer set?\">How does it compare with other silver funds in the peer set?<\/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\/uti-silver-etf-fof-direct-growth-review-2026\/#Is_there_a_minimum_SIP_amount\" title=\"Is there a minimum SIP amount?\">Is there a minimum SIP amount?<\/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\/uti-silver-etf-fof-direct-growth-review-2026\/#What_are_the_risk_and_portfolio_features_that_matter_most\" title=\"What are the risk and portfolio features that matter most?\">What are the risk and portfolio features that matter most?<\/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\/uti-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\/uti-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\/uti-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>\u20b928.9382 as of 17 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9654 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.15%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>21 Apr 2023<\/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>1% on or before 15D, Nil after 15D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Sharwan Kumar Goyal, Ayush Jain, Lokesh Kulthia<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>-2.4%<\/td>\n<td>-3.66%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-5.87%<\/td>\n<td>-3.71%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>73.31%<\/td>\n<td>-7.13%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>45.21%<\/td>\n<td>5.82%<\/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 short-term picture is mixed. Over 1 month, the fund fell less than the benchmark, but over 3 months it declined more than the benchmark. That tells us the recent path has not been smooth, even though the fund stayed ahead on the shorter one-month window.<\/p>\n<p>The 1-year number stands out because it is far stronger than the benchmark\u2019s negative reading. That gap reflects the fund\u2019s silver exposure rather than equity-style behaviour, and it shows why this scheme can move very differently from the benchmark it is measured against.<\/p>\n<p>The 3-year return is also well ahead of the benchmark, but it is much lower than the 1-year figure. Our read is that the fund has had a strong medium-term run, yet the most recent quarter has given back some of that momentum. The time pattern suggests a volatile but upward-biased three-year track, not a straight line.<\/p>\n<p>A 5-year return is not available because the scheme has not been running long enough. That makes the 3-year record the more useful anchor for long-horizon judgment, while the 1-year figure still shows that recent silver strength has been powerful.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_UTI_Silver_ETF_FoF\"><\/span>Should you BUY or HOLD UTI 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 UTI 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\/uti-silver-etf-fof-g-direct-plan\">UTI Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>73.31%<\/td>\n<td>45.21%<\/td>\n<td>Data not available<\/td>\n<\/tr>\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>74.79%<\/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>72.38%<\/td>\n<td>45.03%<\/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\/uti-gold-etf-fof-g-direct-plan\">UTI Gold ETF FoF Direct Growth Plan<\/a><\/td>\n<td>35.4%<\/td>\n<td>35.95%<\/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>On a 1-year view, the fund is close to the better silver peers, with DSP Silver ETF FoF Direct Growth Plan slightly ahead and ICICI Pru Silver ETF FOF Direct Growth Plan slightly behind. That suggests the scheme has participated well in the silver rally without clearly separating itself from the stronger peer group.<\/p>\n<p>The 3-year picture is more telling. UTI Silver ETF FoF Direct Growth Plan has a stronger 3-year return than ICICI Pru Silver ETF FOF Direct Growth Plan, and both are well ahead of UTI Gold ETF FoF Direct Growth Plan on the same horizon. DSP Silver ETF FoF Direct Growth Plan and Tata Silver ETF FoF Direct Growth Plan do not have 3-year figures available here, so the longer-view comparison is thinner than the 1-year one.<\/p>\n<p>Our read is that the short-term comparison is tight among silver funds, while the 3-year view still supports the fund\u2019s place as a credible silver-linked option. The contrast with the gold fund also underlines that the return pattern here is driven by a different commodity cycle, not by broad market movements.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>MF Units Uti MF- Silver Exchange Traded Fund<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>99.94%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The single disclosed holding is MF Units Uti MF- Silver Exchange Traded Fund, and it carries a weight of 99.94%. That makes the portfolio highly concentrated in one underlying silver ETF exposure, so performance is likely to track the movement of that instrument very closely.<\/p>\n<p>Because there is only one disclosed holding, there is no step-down across a longer list of positions to analyse. The top disclosed holding therefore has almost the entire visible portfolio weight, and that concentration may amplify both upside and downside moves when silver prices are volatile.<\/p>\n<p>With one disclosed holding out of one disclosed holding, the fund is not spread across a long tail of positions. Our view is that this structure can make the scheme easy to understand, but it also means investors are taking a focused commodity-linked exposure rather than a diversified multi-asset mix.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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 suits investors who can handle sharp moves and who want a silver-linked allocation rather than a stable core holding. The High Risk tag fits the return pattern: strong medium-term gains, but also recent softness and a benchmark relationship that does not behave like a standard equity fund.<\/p>\n<p>We think the more suitable horizon is medium to long term, because the 3-year record is more informative than the short windows and the 5-year track record is not yet available. The main trade-off is clear: the fund can capture powerful commodity-driven upside, but it can also give back gains quickly when the silver cycle turns.<\/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><strong>Exit load:<\/strong> 1% on or before 15D, Nil after 15D.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_UTI_Silver_ETF_FoF_Direct_Growth_Plan\"><\/span>What is the current NAV of UTI Silver ETF FoF Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b928.9382 as of 17 Sep 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 73.31% and the 3-year return is 45.21%. The 5-year return is not available because the scheme does not yet have a 5-year track record.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_performed_versus_the_benchmark\"><\/span>How has the fund performed versus the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outperformed the benchmark over 1 year and 3 years, but the short-term path has been uneven. Over 1 month it was less negative than the benchmark, while over 3 months it was more negative.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_other_silver_funds_in_the_peer_set\"><\/span>How does it compare with other silver funds in the peer set?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is close to the stronger silver peers, with DSP Silver ETF FoF Direct Growth Plan slightly ahead and ICICI Pru Silver ETF FOF Direct Growth Plan slightly behind. The 3-year figure is also competitive where available.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Is_there_a_minimum_SIP_amount\"><\/span>Is there a minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. The minimum SIP amount is \u20b9100.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_risk_and_portfolio_features_that_matter_most\"><\/span>What are the risk and portfolio features that matter most?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is in the High Risk category and is extremely concentrated, with one disclosed holding carrying 99.94% weight. It is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia, and the exit load is 1% on or before 15D, Nil after 15D.<\/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>UTI Silver ETF FoF Direct Growth Plan has a strong medium-term record, but its recent stretch has been uneven, which is consistent with a High Risk silver-linked strategy. Against peers, it looks broadly competitive on available 1-year and 3-year figures without clearly standing apart. The most important portfolio feature is the near-total concentration in a single underlying silver ETF exposure. That makes the fund best understood as a focused commodity allocation for investors who can accept volatility and a cyclical return pattern.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 18 September 2026 at 1:08 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\":\"UTI Silver ETF FoF Direct Growth Plan\",\"identifier\":\"uti-silver-etf-fof-g-direct-plan\",\"category\":\"Others\",\"dateCreated\":\"21 Apr 2023\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":28.9382,\"valueReference\":\"as of 17 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"654 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.15\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":73.31},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":45.21},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Sharwan Kumar Goyal, Ayush Jain, Lokesh Kulthia\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of UTI Silver ETF FoF Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b928.9382 as of 17 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 73.31% and the 3-year return is 45.21%. The 5-year return is not available because the scheme does not yet have a 5-year track record.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year and 3 years, but the short-term path has been uneven. Over 1 month it was less negative than the benchmark, while over 3 months it was more negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with other silver funds in the peer set?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is close to the stronger silver peers, with DSP Silver ETF FoF Direct Growth Plan slightly ahead and ICICI Pru Silver ETF FOF Direct Growth Plan slightly behind. The 3-year figure is also competitive where available.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What are the risk and portfolio features that matter most?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is in the High Risk category and is extremely concentrated, with one disclosed holding carrying 99.94% weight. It is managed by Sharwan Kumar Goyal, Ayush Jain and Lokesh Kulthia, and the exit load is 1% on or before 15D, Nil after 15D.\"}}]}<\/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>UTI Silver ETF FoF Direct Growth Plan has a \u20b928.9382 NAV and \u20b9654 Cr AUM as of 17 Sep 2026. The fund shows 73.31% 1-year and 45.21% 3-year returns, with High Risk classification.<\/p>\n","protected":false},"author":38,"featured_media":256798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-256800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["256798"],"rank_math_title":["UTI Silver ETF FoF Direct Growth: NAV, Returns, Review"],"rank_math_description":["UTI Silver ETF FoF Direct Growth Plan NAV is \u20b928.9382 as of 17 Sep 2026. 1Y return: 73.31%, 3Y return: 45.21%."],"rank_math_focus_keyword":["UTI 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\/UTI_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\/256800","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=256800"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/256798"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=256800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=256800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=256800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}