December 23, 2025
RA Jainee
Bandhan Silver ETF FoF Direct-Growth
Bandhan Silver ETF FoF Direct-Growth snapshot
| NFO opens on | 12 January 2026 |
| NFO Closes on | 20 January 2026 |
| Min. Investment | Rs. 1000 |
| Plans | Growth |
| Sahifund Verdict | Bandhan Silver ETF FoF Direct-Growth offers investors a simple route to gain exposure to silver prices through ETF units. The fund is suitable for investors with a very high risk appetite looking for tactical or diversification allocation to commodities. However, being a FoF, returns will closely track silver price movements and may involve tracking and cost considerations. Not ideal as a core portfolio holding. |
⏱️ Last Update: 25 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 Bandhan Silver ETF FoF Direct-Growth Open Date, Close Date?
NFO opens on January 12, 2026
NFO will close on January 20, 2026
Investment Strategy for this NFO?
The scheme seek to generate returns by investing in units of Silver ETF.
Basic Details
| Fund House | Bandhan Mutual Fund |
| Issue Open | 12 January 2026 |
| Issue Close | 20 January 2026 |
| Type | Open-ended |
| Category | Commodities: Silver |
| Min. Investment(₹) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | Domestic Price of Silver |
About Benchmark Index for this NFO?
Silver:
Silver has been used for thousands of years for ornaments and utensils, trade, and as the basis for many monetary systems. Its value as a precious metal was long considered second only to gold. Silver is a brilliant grey-white metal that is soft and malleable. Its unique properties include its strength, malleability, ductility, electrical and thermal conductivity, sensitivity, high reflectance of light, and reactivity.
India is not a major silver exporter in pure form, although it exports silver jewellery. In terms of mine production, India is ranked 14th and is ranked third in terms of demand and imports. India imports Silver (unwrought or semi-manufactured) from countries such as China, United Kingdom, Russian Federation, Germany and Rep of Korea, while it exports silver jewellery to countries such as US, Hong Kong, UAE.
The major countries producing Silver are Mexico, Peru, China, Chile and Russia. Major consuming countries are United States, China, India, Japan and Russia. Major Silver exporting countries are Mexico, Rep of Korea, Canada, China and Hong Kong.
The market participants engaged in import, exports, domestic trading, and manufacturing of silver and silver jewelleries are exposed to price risk. Commodity derivatives product provide an effective hedging tool much to the advantage of market participants.
Fund Managers of Bandhan Silver ETF FoF Direct-Growth
1) Abhishek Jain
Education: Mr. Jain has done BA, CA
Experience: Prior to joining Bandhan MF he was associated with Groww MF, Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
AMC
Bandhan Asset Management Company Limited
Address: One World Centre, 6th Floor, Tower 1C, Senapati Bapat Marg, Prabhadevi Mumbai – 400013
Website: https://bandhanmutual.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Bandhan Silver ETF FoF Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Domestic Price of Silver
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 |
| – | – | – |
Study about Benchmark Index in details
Past Performance of Abhishek Jain
| Fund | Bandhan BSE Healthcare Index Fund | It’s Benchmark | Bandhan Nifty 100 Index Fund | It’s Benchmark |
| 1 Year | -0.13 | 0.93 | 9.68 | 10.79 |
| 3 Year | — | — | 13.90 | 15.54 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 23-12-2025
[B] Review of Fund Managers
Abhishek Jain
-
Background: Mr. Jain has done BA, CA, Prior to joining Bandhan MF he was associated with Groww MF, Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Sahifund Verdict:
Bandhan Silver ETF FoF Direct-Growth is an open-ended commodity fund that aims to generate returns by investing in units of Silver ETFs, thereby mirroring domestic silver price movements. The NFO opens on 12 January 2026 and closes on 20 January 2026, with a minimum investment of Rs. 1,000. The fund carries a Very High risk rating and is benchmarked to the Domestic Price of Silver, making it suitable only for investors who understand commodity volatility.
Silver prices are influenced by global demand-supply dynamics, industrial usage, currency movements, and geopolitical factors, leading to sharp price swings. While silver can act as a hedge against inflation and currency depreciation, returns can be highly cyclical and unpredictable in the short to medium term. The fund is managed by Abhishek Jain, who has prior experience across asset management and insurance firms. Given the lack of long-term performance data and the inherent volatility of silver, Moreover there are two negative aspects of ETF FOF as under-
- Layered Costs: FOFs generally have higher expense ratios because they charge management fees for the FOF itself, in addition to the expense ratios of the underlying ETFs they hold.
- Lower Liquidity: While the underlying ETFs are highly liquid, the FOF itself has lower liquidity because it cannot be traded on the exchange throughout the day.
Sahifund Verdict remains ‘X’, suggesting investors should approach cautiously and use this fund only for limited tactical exposure.
Peer Comparison (?)
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Bandhan Silver ETF FoF Direct-Growth NFO?
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