February 5, 2026
RA Jainee
Angel One Silver ETF – Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | Angel One Mutual Fund |
| Scheme Type | Open-ended |
| Category | Commodities: Silver |
| Benchmark | Domestic Price of Silver |
| NFO Opens | 09 February 2026 |
| NFO Closes | 19 February 2026 |
| Plan / Option | Growth |
| Minimum Investment (Rs.) | 1000 |
| Exit Load | 0 |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | Computer Age Management Services Ltd. (CAMS) |
⚖️ Sahifund NFO Review
PLUS
• Direct exposure to physical silver prices through ETF structure
• Useful portfolio diversifier against equity-heavy allocations
• Benefits from dual demand — precious metal + industrial usage (solar, EVs, electronics)
• No exit load, suitable for tactical entry and exit
• Lower cost compared to FoF route
MINUS
• Very high volatility; sharp swings driven by global macros and USD movement
• No yield or cash flow; returns fully price-dependent
• Commodity cycles can remain sideways for long periods
• Requires demat account for ETF transactions
• Not suitable for capital protection or conservative investors
Sahifund View
A pure silver price play, best used as a small satellite allocation for diversification—not a core investment.
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⏱️ Last Updated: 27 January 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
Domestic Price of Silver
Silver prices are influenced by global inflation trends, interest-rate expectations, USD movement, industrial demand, and geopolitical risks. Unlike gold, silver has a higher industrial linkage, which increases volatility.
Benchmark Behaviour (Interpretation)
• Performs well during inflationary and risk-off phases
• Highly sensitive to global growth and currency trends
• Strong rallies often followed by deep corrections
• Long consolidation phases are common
Sahifund Insight:
Silver rewards timing and moderation; over-allocation can significantly increase portfolio risk.
🧠 Investment Strategy – Explained Simply
The scheme seeks to replicate domestic silver prices by investing in physical silver and silver-related instruments, subject to tracking error.
In simple terms:
➡️ This ETF allows investors to take direct exposure to silver prices without trading commodities or futures.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Kewal Shah
Experienced in ETF and passive fund management with prior stints at ICICI Prudential MF, Philip Capital and JM Financial. Focuses on execution quality and tracking efficiency.
Mehul Dama
Strong background in passive investments and operations from Nippon India MF, Goldman Sachs Asset Management and Benchmark AMC.
Sahifund Assessment:
For this ETF, silver price movement and tracking accuracy will determine outcomes—not active fund manager alpha.
🎯 Suitable for Which Investors?
Suitable if you:
• Want commodity exposure for diversification
• Already have core equity and debt allocation
• Understand commodity price cycles and volatility
• Are deploying tactical or hedge capital
Avoid if you:
• Are conservative or first-time investors
• Expect stable or predictable returns
• Need income or downside protection
• Plan to allocate a large share of portfolio
❓ Should You Invest in This NFO?
Yes, but selectively.
Angel One Silver ETF is best used as a limited tactical or diversification allocation (5–10% max). It should not replace core equity or debt holdings.
Final Word:
A high-volatility diversifier—powerful in cycles, punishing if overused.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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