DSPAMC - DSPSILVETF

DSP Silver ETF

• The DSP Silver ETF is an exchange-traded fund that focuses on investing in silver.
• The ETF is managed by the DSP mutual fund company.
• The DSP Silver ETF was launched on August 19, 2022.
• The assets under management of the ETF stood at ₹169.64 crore as of June 30, 2024.
• Ravi Gehani is the fund manager of the ETF.
• The ETF is traded on both 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 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 market, subject to tracking error. The scheme does not guarantee or assure any returns.
• The ETF is benchmarked against the domestic price of the physical silver based on London Bullion Market Association (LBMA) silver daily spot fixing price.
• DSP Silver ETF provides investors returnS that are in line with the performance of silver over the long term.
• The ETF offers exposure to the silver market without buying physical silver
• This silver ETF provides investors a way to diversify 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.

Asset allocation & portfolio composition

• The fund allocation of the ETF consists of 97.52% in silver and 2.48% in cash and cash assets.
• The top holding of DSP Silver ETF majorly consists of silver around 97.52%.
• Since its inception, the ETF has given an annualised return of 21.31%.
• In a single year, the DSP Silver ETF has given a return of 11.74% compared to its benchmarked index which has given a return of 12.64%.