MIRAE ASSET
SILVER ETF$ (NSE Symbol : SILVRETF, BSE Code: 543922)

(An open-ended scheme replicating/tracking Domestic Price of Silver)
Details as on November 30, 2023
Type of Scheme An open-ended scheme replicating/tracking Domestic Price of Silver
Investment Objective To generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.
Fund Manager**
Mr. Ritesh Patel
(since June 09, 2023)
Mr. Akshay Udeshi (Co-fund manager)
(since August 28, 2023)
Allotment Date 09th June 2023
Benchmark Index Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price.)
Minimum Investment
Amount^
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component.
Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC.
Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed.
On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units
Systematic Investment
Plan (SIP)
(Any Date SIP is available from 1st July, 2019)
NA
Load Structure Entry load: NA
Exit load: NIL
Plans Available
Options Available 
The Scheme does not offer any Plans/Options for investment
Monthly Average AUM (₹ Cr.) as on November 30, 2023 12.84
Net AUM (₹ Cr.) 13.68
Tracking Error Value~
~1 Year Tracking Error is
1.13%
Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 0.39%
**For experience of Fund Managers Click Here
^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till April 30, 2024:-
1. Schemes managed by Employee Provident Fund Organisation, India.
2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961.
₹ 75.8654 (Per Unit)
Portfolio Holdings % Allocation
Silver
Silver 95.85%
Silver Total 95.85%
TREPS / Reverse Repo
TREPS / Reverse Repo 1.36%
Net Receivables / (Payables) 2.79%
Cash & Other Receivables Total 4.15%
Total 100.00%

Augmont Enterprises Private Limited
Parshwa Prism Gems and Jewellery Limited
Raksha Bullion
Parwati Capital Market Private Limited

This product is suitable for investors who are seeking*
• Investors seeking returns that are in line with the performance of silver over the long term, subject to tracking errors
• Investments in physical Silver of 99.9% purity (fineness)

*Investors should consult their financial advisers if they are not clear about the suitability of the product.


Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol:SILVRETF
BSE Code:543922
Bloomberg Code:SILVRETF IN Equity
Reuters Code: MIRA.NS

Past Performance may or may not be sustained in future. Note :
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months