Angel One Silver ETF FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Angel One Silver ETF FOF Direct Growth Plan currently has a NAV of ₹7.8388 as of 02 Sep 2026 and a scheme AUM of ₹10 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively, and the fund carries a High Risk tag. Our view is that this is a narrow thematic exposure rather than a broad market holding, so it suits investors who understand the volatility of a single-commodity-linked allocation and are comfortable with uneven short-term movement.

The fund’s return history is still very short because it launched on 02 Mar 2026, so the available numbers should be read as early-stage signals rather than a full cycle record. Even so, the combination of a concentrated portfolio and a high-risk profile means it is better considered as a satellite allocation than as a core equity holding.

Quick facts

Particular	Details
NAV	₹7.8388 as of 02 Sep 2026
AUM	₹10 Cr
Expense Ratio	0.0%
Launch Date	02 Mar 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Kewal Shah

The fund is managed by Kewal Shah.

Source data date: as of 02 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	4.3%	-3.47%
3M	-12.25%	2.17%
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 has been uneven. The fund turned in a positive 1-month return, but the 3-month figure is negative, which tells us the recent rise has not been steady. That is consistent with a newer commodity-linked strategy where short bursts of strength can be followed by quick reversals.

Compared with the benchmark, the fund has moved very differently over the recent windows. It beat the benchmark over 1 month, but the benchmark did better over 3 months. That split suggests the fund is still finding its footing and may behave differently from a broad equity index, especially when silver sentiment changes quickly.

Longer-horizon figures are not available yet, so we cannot read a mature compounding pattern into the record. For now, the return history mainly tells us that the fund is still in an early phase and has not established a stable multi-year track record. Investors need to be comfortable with that uncertainty before using it in a portfolio.

In practical terms, the near-term behaviour matters more here than the missing longer-term numbers. The fund may deliver sharp moves in either direction, and the benchmark comparison shows that these moves do not always line up with the broader market. That makes the current profile more tactical than defensive.

Source data date: as of 02 Sep 2026

Should you BUY or HOLD Angel One 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Angel One 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 current fund has the only readable short-term return record in this set, with a positive 1-month move but a weaker 3-month result. That gives it a mixed near-term picture rather than a clearly superior one. Because the peer set does not provide usable longer-term return figures, the comparison is mainly useful for framing the fund as an early-stage silver-linked option rather than for drawing firm multi-year conclusions.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Angel One Silver ETF	Domestic Mutual Funds Units – Silver	99.76%

With just one disclosed holding, the portfolio is extremely concentrated. Angel One Silver ETF carries a 99.76% weight, so the fund is almost entirely dependent on that single underlying exposure. That means any move in the underlying silver ETF is likely to have a strong influence on the fund’s own behaviour.

Because there is only one disclosed holding, the weight does not fall away across multiple positions. Instead, the fund’s structure is essentially a single-asset wrapper, which keeps the exposure simple but also limits diversification within the portfolio itself. That concentration may help investors who want a clean silver allocation, but it could also magnify volatility.

The disclosed portfolio contains only one holding, so there is no long tail of smaller positions to soften the overall exposure. In our view, this makes the fund more suitable for investors who intentionally want a focused silver allocation and can accept the risks that come with it.

Source data date: as of 02 Sep 2026

Who should invest

This fund is better suited to investors with a high tolerance for volatility and a clear view that they want silver exposure inside a mutual-fund structure. The short return history and the weak 3-month move against a stronger 1-month reading suggest that the path can be uneven, so a longer holding period is more sensible than treating it as a short trade.

It may fit investors looking for a tactical diversifier rather than a core equity fund, especially because the portfolio is almost fully concentrated in one underlying silver ETF. The main trade-off is simple: you get focused exposure to a single theme, but you give up diversification and accept a higher level of short-term uncertainty.

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: No exit load.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Angel One Silver ETF FOF Direct Growth Plan?
Its NAV is ₹7.8388 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are not available as completed long-term records yet. The recent return pattern that is available shows 1 month at 4.3% and 3 months at -12.25%.

How does the fund compare with the benchmark?
It beat the benchmark over 1 month, but it lagged over 3 months. That makes the recent pattern mixed rather than consistently ahead of the benchmark.

How does it compare with the listed peer funds?
Most of the listed peer funds also do not yet have usable long-term return figures, so the comparison is limited. On the recent numbers that are available, this fund shows a positive 1-month result but a weaker 3-month result.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹500.

What are the risk profile, portfolio concentration and exit load?
The fund is tagged High Risk and is almost fully invested in one holding, Angel One Silver ETF at 99.76%. It has no exit load, and it is managed by Kewal Shah.

Bottom line

This fund’s recent performance is mixed, with a positive 1-month move but a weaker 3-month stretch, while the longer-term return record is still too short to support a mature trend view. On the peer list, the usable return picture is also limited, so the main takeaway is the fund’s narrow silver focus rather than a relative scorecard. The portfolio is highly concentrated in one holding, which fits investors who want a dedicated silver allocation and can live with high volatility.

Published on 3 September 2026 at 7:02 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.