Axis Gold and Silver Passive FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Axis Gold and Silver Passive FoF Direct Growth Plan has a NAV of ₹10.937 as of 16 Sep 2026 and scheme AUM of ₹576 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme is tagged High Risk. Our view is that this is a newer gold-and-silver FoF with a very narrow portfolio, so its appeal depends more on the metal allocation than on a long record of compounding.

The current mix is straightforward: gold has the larger share, while silver still makes up a meaningful portion. That structure can suit investors who want a commodity-linked allocation and can accept sharp swings, but the absence of a longer return history means the fund has not yet built a measurable track record for us to assess across full market cycles.

Quick facts

Particular	Details
NAV	₹10.937 as of 16 Sep 2026
AUM	₹576 Cr
Expense Ratio	0.0%
Launch Date	29 Dec 2025
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.25% on or before 15D, Nil after 15D
Fund Managers	Pratik Tibrewal, Aditya Pagaria

The fund is managed by Pratik Tibrewal and Aditya Pagaria.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.61%	-4.41%
3M	-2.39%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The near-term pattern is better than the benchmark, even though both have been weak. Over 1 month, the fund fell less than the benchmark, and the same is true over 3 months. That tells us the scheme has recently held up better than the Nifty 50 benchmark in a declining phase, which matters for a commodity-linked product where short swings are common.

What stands out more is that the fund has only a short operating history. We do not yet have usable 1-year, 3-year or 5-year performance figures, so there is no long compounding record to judge. In practical terms, that means the recent relative resilience is useful, but it is not enough on its own to establish how the fund behaves through a full cycle in gold and silver prices.

The daily pattern also suggests intermittent volatility rather than a smooth climb. The fund spent stretches below its starting point before recovering part of the ground later in the window. That kind of movement fits a High Risk scheme tied to precious metals, where the path matters as much as the end point for investors who may need to enter or exit at different times.

For us, the key message is that the fund has so far shown slightly better short-term behaviour than the benchmark, but the lack of long-term history keeps the picture incomplete. Investors should read the recent move as a snapshot, not a conclusion about how the scheme will behave over years.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Axis Gold and Silver Passive 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
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. On the limited return data that is available here, the current fund’s short-term behaviour is better than HSBC Gold ETF FOF Direct Growth Plan, Bandhan Silver ETF FOF Direct Growth Plan and The Wealth Company Gold ETF FOF Direct Growth Plan, which also show no usable return history for this comparison. The short-term view is therefore more informative than the longer-term one, because the available 3-year and 5-year figures do not separate the schemes meaningfully.

The main takeaway is that the recent relative strength is visible only in the near-term numbers, while the longer horizon remains unproven. That makes the comparison useful for gauging present behaviour, but not for drawing a full-cycle conclusion about how this fund may stack up over time.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Axis Gold ETF	Domestic Mutual Funds Units – Gold	59.12%
Axis Silver ETF	Domestic Mutual Funds Units – Silver	40.91%

The largest holding, Axis Gold ETF, carries a weight of 59.12%, so it is likely to have the greater influence on day-to-day movement inside the scheme. Axis Silver ETF is close behind at 40.91%, which means silver still matters materially, but gold remains the main driver in the current mix.

The gap between the two holdings is not wide, yet the structure is still highly concentrated because only two positions are disclosed and together they account for 100% of the portfolio. That makes this a very focused setup rather than a broad basket, so changes in either underlying ETF may have a direct impact on the fund’s path.

Because the scheme discloses only two holdings, there is no long tail to cushion the allocation. For investors, that means the portfolio is simple to understand, but it also means the outcome depends heavily on the movement of the two precious-metal exposures rather than on diversification across many securities.

Source data date: as of 16 Sep 2026

Who should invest

This fund is suited to investors who are comfortable with High Risk and who can tolerate sharp moves in a commodity-linked portfolio. The short-term pattern has been better than the benchmark, but the scheme does not yet have a meaningful 1-year, 3-year or 5-year record, so it suits a horizon long enough to look beyond brief swings.

The trade-off is clear: you get a focused gold-and-silver allocation with a simple structure, but you give up diversification and a long history of outcomes. That makes the fund more suitable as a satellite allocation than as the core of a portfolio, especially for investors who want a metal-linked exposure and can stay patient through periods of volatility.

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: 0.25% if units are sold 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 Axis Gold and Silver Passive FoF Direct Growth Plan?
The current NAV is ₹10.937 as of 16 Sep 2026.

What are the fund’s recent returns?
The fund’s 1-month return is -1.61% and its 3-month return is -2.39%. Usable 1-year, 3-year and 5-year return figures are not available yet.

How has it behaved versus the benchmark?
It has held up better than the benchmark in both the 1-month and 3-month periods. The benchmark return is -4.41% over 1 month and -3.6% over 3 months.

How does it compare with the other peer funds shown here?
The current fund’s near-term behaviour is better than HSBC Gold ETF FOF Direct Growth Plan, Bandhan Silver ETF FOF Direct Growth Plan and The Wealth Company Gold ETF FOF Direct Growth Plan on the limited return figures available. The longer-term figures do not separate the funds meaningfully because usable 1-year, 3-year and 5-year returns are not available here.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Pratik Tibrewal and Aditya Pagaria. The exit load is 0.25% if units are sold on or before 15 days, and nil after 15 days.

Bottom line

Axis Gold and Silver Passive FoF Direct Growth Plan has shown a better short-term path than its benchmark, but it still lacks a usable longer-term performance record. The portfolio is highly concentrated in just two underlying ETF holdings, with gold carrying the larger weight and silver providing the rest. That structure makes the scheme easy to understand, but it also means investors are taking a focused precious-metals view. For investors who can accept High Risk and a short history, it can work as a satellite allocation rather than a core holding.

Published on 17 September 2026 at 2:06 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.