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Mirae AMC - MASILVER ETF

SILVRETF

₹94.60-₹1.08 (-1.13%) TodayLast updated on 01 Nov, 2024 | 18:59 IST

Mirae AMC - MASILVER ETF Chart

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  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹94.90
Close
₹95.68
Volume
38,387
Avg. traded
₹95.28
Circuit range
₹76.40 - ₹114.61
Day range
₹93.51 - ₹96.47
Year range
₹68.43 - ₹98.00
AUM
₹82.33 Cr

Managers

Ritesh Patel, +1 more
Launch Date
09 Jun 2023
Mirae AMC - MASILVER

SILVRETF - Mirae Asset Silver ETF

  • The Mirae Asset Silver ETF is an exchange-traded fund that focuses on investing in silver.
  • The ETF is managed by Mirae Asset Mutual Fund House.
  • The Mirae Asset Silver ETF was launched on June 9, 2023.
  • The ETF’s assets under management of the ETF stood at ₹19.59 crore as of June 30, 2024.
  • The Mirae Asset Silver ETF is managed by Ritesh Parel and Akshay Udeshi.
  • The ETF is traded on both stock exchanges like a stock, which provides liquidity and flexibility for investors.
  • The ETF units can be bought and sold during market hours at prevailing prices through demat account.

Investment Objective & Benchmark

  • The objective of the ETF is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.
  • The ETF is benchmarked against the domestic price of the physical silver based on the London Bullion Market Association (LBMA) silver daily spot fixing price.
  • Mirae asset silver ETF offer returns that are in line with the performance of silver over the long term.
  • The ETF gives investors access to the silver market without the need to buy physical silver.
  • It can be traded on the exchanges, offering liquidity and convenience.
  • The Silver ETF allows investors to diversify their portfolios by adding a precious metal, which may behave differently from other asset classes like stocks and bonds.
  • The performance of the ETF is closely aligned with the price of silver, subject to market fluctuations and fund expenses.
  • Silver is often considered a hedge against inflation and economic uncertainty which is provided by the ETF also.

Asset allocation & portfolio composition

  • The fund allocation of the ETF consists of 97.12% in silver and 2.88% in cash and cash assets.
  • The top holding of Mirae Silver ETF majorly consists of silver around 97.12%.
  • Since its inception, the ETF has given an annualised return of 16.80%.
  • In a single year, the Mirae Silver ETF has given a return of 27.18% compared to its benchmark earnings of 28.62%.

Key indicators

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Tracking index
Domestic Price of Physical Silver

Expense Ratio

0.43%
Tracking error
NA

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Investment checklist: (2/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Mirae AMC - MASILVER Shareholder returns

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1 day
-1.65%
1 week
-1.08%
1 month
+7.19%
3 months
+15.47%
1 year
+32.91%
3 years
+34.04%
5 years
+34.04%

Mirae AMC - MASILVER Price history

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DayOpenCloseChange %
Fri, Nov 1 2024
₹94.90
₹94.67
-1.06%
Thu, Oct 31 2024
₹96.48
₹95.68
-1.65%
Wed, Oct 30 2024
₹97.00
₹97.29
+0.58%
Tue, Oct 29 2024
₹95.67
₹96.73
+1.93%
Mon, Oct 28 2024
₹94.68
₹94.90
+0.52%
Fri, Oct 25 2024
₹95.98
₹94.41
-2.39%
Thu, Oct 24 2024
₹96.87
₹96.72
-0.83%
Wed, Oct 23 2024
₹97.00
₹97.53
+1.27%

Composition

Frequently asked questions