December 9, 2025
RA Jainee
Axis Gold and Silver Passive FoF Direct-Growth
Axis Gold and Silver Passive FoF Direct-Growth snapshot
| NFO opens on | 10 December 2025 |
| NFO Closes on | 22 December 2025 |
| Min. Investment | Rs. 100 |
| Plans | Growth |
| Sahifund Verdict | Axis Gold & Silver Passive FoF invests in a 50:50 basket of Gold ETFs and Silver ETFs, offering investors a simple way to participate in both precious metals through one fund. Gold has historically acted as a hedge during global uncertainty, while silver offers higher volatility and higher return potential during industrial growth cycles. |
⏱️ Last Update: 11 December 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Axis Gold and Silver Passive FoF Direct-Growth Open Date, Close Date?
NFO opens on December 10, 2025
NFO will close on December 22, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns by investing in units of Gold ETFs and Silver ETFs. However, the performance of the scheme may differ from that of the underlying gold and silver ETFs due to tracking error in the underlying exchange traded funds.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 10 December 2025 |
| Issue Close | 22 December 2025 |
| Type | Open-ended |
| Category | Commodities: Gold |
| Min. Investment(₹) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | Domestic Price of Gold (50), Domestic Price of Silver (50) |
About Benchmark Index for this NFO?
X
Fund Managers of Axis Gold and Silver Passive FoF Direct-Growth
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
2) Pratik Tibrewal
Education: Mr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance).
Experience: Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
AMC
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Axis Gold and Silver Passive FoF Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Domestic Price of Gold (50), Domestic Price of Silver (50)
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Past Performance of Aditya Pagaria
| Fund | Axis Banking & PSU Debt Fund | It’s Benchmark | Axis Liquid Fund | It’s Benchmark |
| 1 Year | 8.05 | 4.62 | 6.72 | 4.62 |
| 3 Year | 7.57 | 4.63 | 7.10 | 4.63 |
| 5 Year | 6.06 | 3.66 | 5.86 | 3.66 |
| 7 Year | 7.35 | 3.70 | 5.80 | 3.70 |
| 10 Year | 7.50 | 3.88 | 6.26 | 3.88 |
As on 09-12-2025
Past Performance of Pratik Tibrewal
| Fund | Axis Gold Fund | It’s Benchmark | Axis Multi Asset Allocation Fund | It’s Benchmark |
| 1 Year | 64.98 | 68.17 | 9.70 | 7.79 |
| 3 Year | 31.95 | 33.61 | 12.87 | 14.38 |
| 5 Year | 19.61 | 20.83 | 11.80 | 14.30 |
| 7 Year | 21.05 | 22.40 | 12.99 | 13.95 |
| 10 Year | 16.21 | 17.58 | 11.34 | 12.90 |
As on 09-12-2025
[B] Review of Fund Managers
Aditya Pagaria
-
Background: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College., Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
Pratik Tibrewal
-
Background: Mr. Tibrewal is a B.Com, LLB (Gen) and MBA (Finance)., Prior to joining Axis Mutual Fund, he has worked with Inditrade Capital Ltd., Edelweiss Mutual Fund and Edelweiss Commodities trading Ltd..
Sahifund Review:
1) Investment Strategy
This FoF invests entirely in Gold ETFs and Silver ETFs, providing commodity exposure without the need to track two separate ETF products. Gold offers stability + hedge characteristics, while silver provides higher cyclicality, giving the portfolio both defensive and high-beta metal exposure.
Returns may diverge from physical prices due to tracking error in the underlying ETFs. Being an FoF, it will also bear double-layered expenses.
2) Why This NFO Now? – Market Context
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Gold has delivered strong returns in recent years due to global monetary easing, geopolitical tensions, and declining real yields.
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Silver, with its industrial applications (EVs, solar panels), has gained investor attention due to energy-transition megatrends.
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Combining the two metals reduces concentration risk and smoothens return cycles.
Axis AMC seeks to offer a convenient dual-metal allocation through one product.
3) Fund Manager Review
Aditya Pagaria (Fixed Income & Passive Expertise)
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Consistently strong performance in Axis Banking & PSU Debt Fund and Axis Liquid Fund.
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Experience managing low-tracking-error passive strategies.
Pratik Tibrewal (Commodity / Multi-Asset Experience)
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Axis Gold Fund returns have closely tracked the benchmark over 1, 3, 5, and 10 years.
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Solid experience across commodity and multi-asset categories.
Overall: Fund manager strength is a big positive.
4) Benchmark Evaluation
Benchmark = Domestic Price of Gold (50%) + Domestic Price of Silver (50%)
A blended benchmark is appropriate and reduces single-metal risk. Historical behaviour shows:
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Gold → steady compounding + hedge
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Silver → volatile but high-return phases during industrial upcycles
Hence the benchmark aligns well with the FoF design.
5) Strengths of This NFO
✔ Simple way to invest in two precious metals
✔ Lower minimum investment (Rs. 100)
✔ Good hedge against inflation, currency depreciation, global risk-off
✔ Strong fund manager background
✔ Suitable for SIP, lump-sum, or portfolio diversification
6) Risks / What to Keep in Mind
✘ Silver is highly volatile, may underperform in risk-off phases
✘ FoF expense structure will be slightly higher than ETFs
✘ No tactical allocation—always 50:50 weight
✘ Commodity funds do not generate regular income
7) Sahifund Verdict
A good thematic-diversification product, especially for investors who want exposure to both gold & silver without managing multiple ETFs. Suitable for 3–5 year wealth-protection strategies. Avoid if you prefer low volatility or equity-like compounding.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Axis Gold and Silver Passive FoF Direct-Growth NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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