March 3, 2026
RA Jainee
Mirae Asset Silver ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details (Master Table)
| Particulars | Details |
| Fund House | Mirae Asset Mutual Fund |
| Scheme Type | Open-ended |
| Category | Commodities: Silver |
| Benchmark | Domestic Price of Silver |
| NFO Opens | 05 March 2026 |
| NFO Closes | 18 March 2026 |
| Plan / Option | Growth, IDCW |
| Minimum Investment (Rs.) | 5000 |
| Exit Load | 0.05% for redemption within 15 days |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
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⏱️ Last Updated: 03 March 2026, 10.00 AM
📊 Benchmark Trend & Behaviour – Domestic Price of 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.
Benchmark Performance Snapshot
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🧠 Investment Strategy – Explained Simply
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Silver ETF.
👤 Fund Manager & Past Performance – Mirae Asset Silver ETF FoF Direct-Growth
Fund Manager
Ritesh Patel
• Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
• Prior to joining Mirae Asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Akshay Udeshi
• Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
• Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Past Performance of Fund Manager
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⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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