Zerodha Silver ETF
Fund basics
Returns
No CAGR is shown for an scheme, and that is deliberate. Its NAV falls by every payout it makes, so a return computed from NAV alone understates it by exactly the amount distributed — and AMFI's daily file carries no payout history to add back. A wrong number wearing the right label is worse than an honest gap. The Growth option of this same fund is the one to compare on returns.
Everything the NAV says
Computed from 350 published NAVs between 26 Mar 2025 and 26 Aug 2026 — 1.4 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| Zerodha Silver ETF Direct | 8.16 | -7.12 | -9.22 | 105.91 | — | — | — | — | 85.31 |
| Nifty 100 benchmark | 1.05 | 1.76 | -2.99 | 0.66 | 10.50 | 9.33 | — | — | 12.76 |
| Index Funds category median · 171 funds | — | — | — | 5.83 | 8.03 | 9.81 | — | 11.77 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Index Funds — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 26 Aug 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| Zerodha Silver ETF Direct | 48.09 | 1.64 | 2.16 | -0.17 | 118.62 | -44.54 |
| Nifty 100 benchmark | 17.12 | 0.23 | 0.32 | — | — | -37.03 |
Risk measures use a risk-free rate of 6.5% and are stated so they can be checked — a ratio quoted without its risk-free rate cannot be. Beta and alpha need an index, so they are blank for the benchmark row itself.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 48.1% | 36.5% | 1.64 | 2.16 |
Sharpe and Sortino use a risk-free rate of 6.5%, roughly the 10-year government bond. Both are stated so the figure can be checked — a ratio quoted without its risk-free rate cannot be.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -44.5% | — | -36.3% |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Calendar years
How it compares with its closest peers
The same category, the same plan, the same option — the only comparison that means anything. A Index Funds Direct Plan scheme against another of exactly the same kind.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Zerodha Silver ETF Zerodha Mutual Fund · this scheme | — | 118.6% | -0.17 | 48.1% | 1.64 | -44.5% |
| ANGEL ONE GOLD ETF Angel One Mutual Fund | — | — | — | 27.2% | — | -22.0% |
| ANGEL ONE NIFTY 50 ETF Angel One Mutual Fund | — | -1.7% | 0.95 | 12.5% | -0.56 | -15.1% |
| ANGEL ONE NIFTY TOTAL MARKET ETF Angel One Mutual Fund | — | 3.9% | 1.06 | 14.2% | 0.37 | -14.8% |
| ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF Angel One Mutual Fund | — | — | — | 18.7% | — | -12.7% |
| ANGEL ONE SILVER ETF Angel One Mutual Fund | — | — | — | 42.5% | — | -26.8% |
| Axis Nifty Capital Markets Index Fund Axis Mutual Fund | — | — | — | 18.5% | — | -8.8% |
| CPSE ETF Nippon India Mutual Fund | 25.0% | 11.3% | 0.85 | 21.8% | 0.85 | -54.1% |
| Nippon India BSE Sensex Next 30 ETF Nippon India Mutual Fund | — | 10.4% | 0.97 | 13.3% | 0.37 | -11.4% |
Alpha and beta are against Nifty 100. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Index Funds scheme is
Track an index, holding its constituents in its proportions.
No manager, no stock picking, and an expense ratio a fraction of an active fund's. Over long periods that fee gap alone beats a majority of active large-cap funds — which is the strongest argument index funds have.
Who it suits. Anybody who would rather have the market's return at the lowest cost than try to beat it.
How long money should stay. 5 years or more.
Compare this scheme with others →
Questions people ask
What is the NAV of Zerodha Silver ETF — Direct Plan —?
₹24.3907 as on 26 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Zerodha Silver ETF?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Track an index, holding its constituents in its proportions. No manager, no stock picking, and an expense ratio a fraction of an active fund's. Over long periods that fee gap alone beats a majority of active large-cap funds — which is the strongest argument index funds have.
How long should money stay in it?
Typically 5 years or more. Anybody who would rather have the market's return at the lowest cost than try to beat it.