Avsar.

Zerodha Silver ETF

Zerodha Mutual FundAMFI 153413NAV ₹23.36 as of 10 Aug '26

How it behaved in each kind of market
as of 12 Aug '26

Not enough history yet to describe how this fund behaves across different markets.

Markets rising for 6 months. This fund returned — a year, with no category comparison available.
Markets flat for 8 months. This fund returned — a year, with no category comparison available.
Markets falling for 2 months. This fund returned — a year, with no category comparison available.
What counts as a rising, flat or falling market?

Every month of the last 10 years is labelled from the NIFTY 500's month-end close, before any fund is looked at. Falling means the index sat 8% or more below its own running peak. Rising means it was above its 10-month average and within 5% of that peak. Flat is everything in between.

Return a yearis what this fund's own NAV did over just those months, compounded — not averaged. vs similar funds is the same figure for the median fund in its SEBI category over the very same months, so both sides face the identical market.

The falling spells measured here: Sep '18 (-12%), Jan '19 (-10%), Jul '19 (-9%), Mar '20 (-32%), Feb '23 (-9%), Jan '25 (-18%).

Which state a month was in is only knowable afterwards, so this describes what already happened and does not forecast what comes next.

expense 0.39% direct · 16 months of NAV read · some states thinBuilt from AMFI NAV history

Fund facts

Category
Other ETFs
Fund size
₹1,214 Cr
Expense ratio
0.39% (Direct)
Riskometer
Very High

What the fund aims to do

The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.

Analysis of public AMFI data for research. Market states are labelled mechanically from NIFTY 500 month-end closes and are only knowable in hindsight. Past behaviour is not a forecast. We are not a registered investment adviser and nothing here is a recommendation to buy or sell.