February 5, 2026
RA Jainee
Angel One Silver ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | Angel One Mutual Fund |
| Scheme Type | Open-ended |
| Category | Commodities: Silver (FoF) |
| Benchmark | Domestic Price of Silver |
| NFO Opens | 09 February 2026 |
| NFO Closes | 23 February 2026 |
| Plan / Option | Growth |
| Minimum Investment (Rs.) | 500 |
| Exit Load | 0 |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | Computer Age Management Services Ltd. (CAMS) |
⚖️ Sahifund NFO Review
PLUS
• Direct participation in silver prices through ETF route
• Silver offers diversification benefit against equity-heavy portfolios
• Dual demand driver – precious metal + industrial usage (EVs, solar, electronics)
• FoF structure allows MF investors to access silver without commodity demat hassles
• Zero exit load improves tactical flexibility
MINUS
• Extremely high volatility; prices driven by global macros and USD movement
• No cash flow or yield; returns purely price-dependent
• FoF structure results in higher expense ratio than direct ETF
• Silver can remain range-bound for extended periods
• Not suitable for capital protection or income-seeking investors
Sahifund View (Decisive Line)
A high-volatility commodity allocation, suitable only as a small tactical hedge or diversification tool—not a core investment.
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⏱️ Last Updated: 6 February 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
Domestic Price of Silver
Silver prices are influenced by a combination of precious metal demand, industrial consumption, global interest rates, USD movement, inflation expectations, and geopolitical risks.
Benchmark Behaviour (Interpretation)
• Acts as a hedge during inflationary and risk-off phases
• Highly sensitive to global commodity cycles and currency movements
• Strong rallies often followed by deep corrections
• Long periods of sideways movement are common
Sahifund Insight:
Silver rewards timing and patience, but punishes over-allocation and short-term speculation.
🧠 Investment Strategy – Explained Simply
The scheme invests in units of Angel One Silver ETF, aiming to mirror domestic silver price movements, subject to tracking error.
In simple terms:
➡️ This fund lets investors take exposure to silver prices without directly trading commodities or ETFs.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Kewal Shah
Experience across ICICI Prudential MF, Philip Capital and JM Financial. Focused on ETF execution, tracking accuracy and liquidity management.
Mehul Dama
Seasoned professional with prior roles at Nippon India MF, Goldman Sachs Asset Management and Benchmark AMC. Strong background in passive fund management and operational controls.
Sahifund Assessment:
For this FoF, silver price movement and tracking efficiency will drive returns—not active fund management skill.
🎯 Suitable for Which Investors?
Suitable if you:
• Want commodity exposure for portfolio diversification
• Already have strong equity and debt allocation
• Understand commodity cycles and volatility
• Are deploying tactical or hedging capital
Avoid if you:
• Are conservative or first-time investors
• Expect stable or predictable returns
• Need income or capital protection
• Plan to allocate a large portion of portfolio
❓ Should You Invest in This NFO?
Yes, but very selectively.
Angel One Silver ETF FoF can be considered as a small satellite allocation (5–10% max) for diversification or tactical hedging. It should not be treated as a long-term core holding.
Final Word:
A powerful diversification tool—but only in moderation.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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