ICICI Pru Silver ETF

About ICICI Prudential Silver ETF

• The ICICI Prudential Silver ETF is an exchange-traded fund that focuses on investing in silver.
• The ETF is managed by an ICICI Prudential Mutual Fund House.
• ICICI Prudential Silver ETF was launched on January 24, 2022.
• The ETF’s assets under management (AUM) stood at ₹2,649.22 crore as of July 31, 2024.
• Gaurav Chikane is the fund manager of ICICI Prudential Silver ETF.
• The ETF is traded on both stock exchanges NSE and BSE like a stock, which provides liquidity and flexibility for investors.
• It can be bought and sold during market hours at prevailing market prices through a demat account.

Investment Objective & Benchmark

• The investment objective of this fund is to deliver returns comparable to physical silver in domestic prices before expenses subject to tracking faults.
• The ICICI Prudential Silver ETF provides investors returns that are in line with the performance of silver over the long term.
• The ETF is benchmarked against the domestic price of the physical silver.
• ICICI Prudential Silver ETF allows investors to acquire exposure to the silver market without purchasing physical silver.
• Silver is considered a hedge against inflation and economic uncertainty.
• The ICICI Prudential Silver ETF allows investors to diversify their portfolios by adding silver, which may behave differently from other asset classes like stocks and bonds.
• The ETF units can be traded on the exchanges, ensuring liquidity and simplicity of access.
• ICICI Prudential Silver ETF has a very high-risk level profile.

Asset allocation & portfolio composition

• The fund allocation of the ETF consists of 97.54% in silver, 2.44% in cash and cash assets and 0.02% in TREPS.
• The top holding of ICICI Prudential Silver ETF majorly consists of silver around 97.54%.
• Since its inception, the ETF has given an annualised return of 9.07%, as of July 31, 2024.
• In a single year, the ICICI Prudential Silver ETF has given a return of 10.25% compared to its benchmarked index which has delivered a return of 13.1%.