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%.