SBI Silver ETF FoF is a silver fund from SBI Mutual Fund. This page covers the direct plan, growth option, the version with no distributor commission inside its expense ratio. It is an index fund: it tracks a published index rather than picking stocks, so its return should match the index less its expense ratio and tracking error.
It manages ₹3,728 crore of investors' money and charges an expense ratio of 0.32 percent a year, deducted before the NAV is struck. Its direct plan has returned 20.2 percent over one year; figures beyond a year are annualised, and past returns say nothing certain about future ones. The scheme is managed by Harsh Sethi. The riskometer places it at very high risk.
Mutual fund gains are capital gains, taxed when you redeem, and the rate depends on what the scheme holds and how long you held the units. The rules below are those in force after the Finance Act of 2024 for redemptions from 23 July 2024, with the changes of April 2025 for gold, silver and international funds. Rupix is not a tax adviser; confirm the treatment for your own case.
Gold and silver funds and exchange traded funds were taxed at the slab rate for units bought after April 2023, but from 1 April 2025 they are taxed as non-equity funds again: units of a listed ETF held for more than twelve months, and units of a fund of funds held for more than twenty-four months, are long-term and taxed at twelve and a half percent without indexation. Shorter holdings are taxed at your slab rate.
Reading the numbers, how to invest in a direct plan, and the terms used on this page
It is a silver fund. A fund in this category invests in silver, usually through a silver exchange traded fund, so its value tracks the silver price.
The direct plan charges 0.32 percent a year. The charge is taken out of the scheme's assets every day before the NAV is calculated, so every return figure shown is already net of it.
The scheme manages ₹3,728 crore across all its plans. Size is updated monthly by the fund house.
You can start with a SIP of ₹500 a month or a one-time investment of ₹5,000. The fund house may accept smaller top-ups once you hold units. Rupix does not take investments; buy direct from the fund house or through a platform that offers direct plans.
Yes. The scheme's exit load is: Exit load of 1%, if redeemed within 15 days. An exit load is deducted from the redemption amount when you sell within the stated period.
The scheme is managed by Harsh Sethi, as disclosed by the fund house. Managers change from time to time; the fund house's factsheet carries the current name.
The fund house's riskometer rates it very high. The riskometer is a SEBI-mandated label based on what the scheme holds; it describes how much the value can swing, not whether the fund will make money.
From the NAV every fund house reports to the Association of Mutual Funds in India after the market closes. The NAV history chart goes back to the scheme's launch. The headline figure is the most recent close Rupix has recorded.