The investment objective of this scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The scheme will invest 95-100% in silver and silver related instruments, 0-5% in debt and money market instruments.
According Amfi data, the industry has seven silver ETFs with an asset under management of ₹1,792 crore as of March 2023. All these funds were launched in 2022