MIRAE ASSET
SILVER ETF (NSE Symbol : SILVRETF, BSE Code: 543922)
(An open-ended scheme replicating/tracking Domestic Price of Silver)
| 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 December 31, 2023 | 13.01 |
| Net AUM (₹ Cr.) | 12.75 |
| Tracking Error Value~ ~1 Year Tracking Error is |
1.11% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 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. |
|
| ₹ 73.0449 (Per Unit) |
Parshwa Prism Gems and Jewellery Limited
Raksha Bullion
Parwati Capital Market Private Limited
| Portfolio Holdings | % Allocation |
| Silver | |
| Silver | 95.80% |
| Silver Total | 95.80% |
| TREPS / Reverse Repo | |
| TREPS / Reverse Repo | 1.31% |
| Net Receivables / (Payables) | 2.89% |
| Cash & Other Receivables Total | 4.20% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| Mirae Asset Silver ETF | 13.29% |
-2.28% |
||
| Scheme Benchmark* | 14.18% |
-1.18% |
||
| NAV as on 29th December, 2023 | ₹ 73.0449 | |||
| Index Value (29th December, 2023) | Index Value of benchmark is 73,006.17 |
|||
| Allotment Date | 09th Jun, 2023 | |||
| Scheme Benchmark | *Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price.) | |||
Fund manager : Mr. Ritesh Patel & Mr. Akshay Udeshi (Co-Fund Manager) managing the scheme since 09th June, 2023 & (w.e.f August 28, 2023).
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 73.4427. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
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