Mirae Asset Silver ETF - Growth
NAV as of Aug 30, 2024
84.33-0.11%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Commodities: Silver
Expense Ratio:
0.40%(0.51% Category
average)Fund Size:
Rs. 63.04 Cr(0.64% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset Silver ETF - Growth
NAV as of Aug 30, 2024
84.33-0.11%
Expense Ratio:
0.40%
Fund Size:
Rs. 63.04 Cr
Fund Category:
Commodities: Silver
1. Current NAV: The Current Net Asset Value of the Mirae Asset Silver ETF as of Aug 30, 2024 is Rs 84.33 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 14.37% (1yr) and 11.89% (since launch). Whereas, Category returns for the same time duration are: 14.37% (1yr), 0.0% (3yr) and 0.0% (5yr).
3. Fund Size: The Mirae Asset Silver ETF currently holds Assets under Management worth of Rs 63.04 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.4% for Regular plan as on Aug 01, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Silver ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 2.38 -7.95 21.61 13.12 - - Category Avg 2.11 -8.19 21.54 13.06 - - Rank within Category 11 9 11 9 - - No. of funds within Category 21 19 19 16 - - - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkNippon India Silver ETF-G
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Mirae Asset Silver ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Jun 09, 2023 |
Benchmark | Domestic Price of Silver |
Return Since Launch | 12.0% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Silver ETF - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | - |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Name | Type of Instrument | Weight (%) |
---|---|---|
Repo | Repo | 0.14 |
Net Receivables | Net Receivables | 2.77 |
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Silver ETF - Growth 84.33 Unrated 63.04 2.38 13.12 - - Nippon India Silver ETF - Growth 83.11 Unrated 3,413.06 2.41 13.05 - - Tata Silver ETF FoF Regular - Growth 11.69 Unrated 46.50 1.61 - - - Nippon India Silver ETF FoF Regular - Growth 13.28 Unrated 343.07 1.44 12.69 - - SBI Silver ETF-Growth 84.96 Unrated 383.06 2.41 - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- A.U.Akshay UdeshiSince Aug 20234 schemes
Mr. Udeshi has done B.E (Electronics) and MBA (Finance) Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty EV and New Age Automotive ETF-Growth Thematic 33.93 Unrated 113.65 - Mirae Asset Nifty 100 ESG Sector Leaders ETF - Growth Thematic-ESG 42.71 Unrated 138.22 35.45 Mirae Asset Nifty 100 ESG Sector Leaders FoF Regular - Growth Thematic-ESG 18.68 Unrated 113.40 34.84 Mirae Asset Gold ETF - Growth Gold 71.01 Unrated 313.94 20.06
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,676.43 | 2.12 | 3.89 | 7.27 | 24.66 | 12.50 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 33,711.38 | 1.68 | 7.26 | 12.60 | 38.56 | 17.33 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 21,301.58 | 2.01 | 6.68 | 11.57 | 34.75 | 16.17 | |
Mirae Asset Liquid Fund - Growth | 12,302.59 | 0.59 | 1.82 | 3.56 | 7.18 | 5.32 | |
Mirae Asset Midcap Fund Regular - Growth | 8,753.87 | 0.18 | 7.64 | 12.46 | 45.94 | 22.43 | |
Mirae Asset Focused Fund Regular - Growth | 8,651.77 | 0.66 | 2.31 | 2.70 | 20.22 | 10.43 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,413.74 | 2.04 | 5.90 | 9.46 | 26.34 | 12.85 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,138.00 | 1.89 | 2.50 | 9.91 | 36.78 | 20.13 | |
Mirae Asset Multicap Fund Regular - Growth | 2,439.86 | -0.06 | 6.66 | 12.97 | - | - | |
Mirae Asset Healthcare Fund Regular - Growth | 2,218.12 | 0.60 | 14.29 | 19.09 | 55.73 | 18.19 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- DSP Mutual Fund
- Edelweiss Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
1. Mirae Asset Silver ETF is Open-ended Silver Commodities scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jun 09, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against Domestic Price of Silver.
Tax Implications on Mirae Asset Silver ETF - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Silver ETF - Growth
- Is it safe to invest in Mirae Asset Silver ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Silver ETF comes under Very High risk category.
- What is the category of Mirae Asset Silver ETF?Mirae Asset Silver ETF belongs to the Commodities : Silver category of funds.
- How Long should I Invest in Mirae Asset Silver ETF?The suggested investment horizon of investing into Mirae Asset Silver ETF is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Silver ETF?The Mirae Asset Silver ETF is managed by Akshay Udeshi (Since Aug 28, 2023).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.