Axis AMC - AxisILVER ETF

About Axis Silver ETF

• The Axis Silver ETF is an investment product offered by Axis Mutual Fund that aims to provide investors with direct exposure to the price movements of silver.
• The ETF holds physical silver in the form of bullion bars. The value of the ETF is directly linked to the price of silver, minus any management fees or expenses.
• Funds will Invest in industry standard 30 Kg physical silver bullion of 999 parts per 1,000 fineness.
• Axis Silver ETF was launched on September 21, 2022.
• The fund’s asset under management (AUM) stood at ₹113.83 crore as of May 31.
• Pratik Tibrewal is the fund manager of Axis Silver ETF.
• The ETF is traded on stock exchanges like a stock, which provides liquidity and flexibility for investors.
• It can be bought and sold during market hours at prevailing market prices directly through a demat account.

Investment Objective & Benchmark

• The primary objective of the Axis Silver ETF is to provide returns that closely correspond to the performance of silver, as represented by the price of physical silver. The fund seeks to replicate the performance of silver by investing in physical silver bullion.
• Investors can 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
• The ETF’s performance is closely tied to the spot price of silver. It is designed to track the price of silver as accurately as possible.
• The ETF offers investment in silver without the need for physical storage.
• A moderately high risk financial instrument, the scheme is ideal for investors looking to diversify their portfolios with precious metals.

Asset allocation & portfolio composition

• The fund allocation of the ETF consists of 97.66% in silver and 2.34% in debt and cash segment.
• The top holding of Axis Silver ETF majorly consists of silver around 97.66%.
• The has delivered a return of 28.27% in the last one year as of May 31, 2024 against the benchmark idex's yield of 29.55% during the period.
• Since its inception, the ETF has given an annualised return of 32.52%.