DSP Silver ETF Fund of Fund Direct Growth NAV today
AMFI: 153487ISIN: INF740KA1VZ0MUTF_IN: DSP_SILV_ETF_N4IGOCDSP Mutual FundFund of Funds
NAV ₹19.6811down ₹0.32 (1.62%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹19.5579, −1.62% · Regular IDCW ₹19.5579 · Direct IDCW ₹19.6811
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹682 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 0.58%23 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- None
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 15 May 2025
DSP Silver ETF Fund of Fund returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|
| 1 week | −8.24% | −8.25% | – | – | – |
| 1 month | −17.20% | −17.23% | 31 of 31 | −16.78% | −17.0% to −16.7% |
| 3 months | −14.94% | −15.03% | 30 of 30 | −14.25% | −14.6% to −14.1% |
| 6 months | −21.53% | −21.69% | 28 of 30 | −21.03% | −21.3% to −20.9% |
| 1 year | +30.01% | +29.46% | 21 of 23 | +30.52% | +30.2% to +31.5% |
| 3 years | Needs 3 years | – | – | +37.34% | +37.0% to +37.8% |
₹10,000 put in on 15 May 2025 is ₹19,665 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Rank, median and middle half among the Direct plans of funds tracking Domestic Price of Physical Silver, each fund's return to its latest NAV on or before 28 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund |
|---|---|
| 1 year | +53.15% |
| Since launch | +81.50% |
As the fund house states them for the month.
DSP Silver ETF Fund of Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,04,047₹1,04,041 after stamp duty | −24.14% | −24.15% | ₹6 | |
| Since May 202517 instalments | ₹1,70,000 | ₹1,85,470₹1,85,461 after stamp duty | +12.38% | +12.37% | ₹9 |
3 years: Launched 15 May 2025, needs 3 years of history.
A SIP that rises every year: Step-up SIP calculator
DSP Silver ETF Fund of Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 0.41 ptsA year, on 23 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 0.58%Over the last 20 days filed
- Regular, 30-day average
- 0.99%Over the last 20 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.63%, Feb 2026.Direct plan lowest 0.56%, Sep 2025.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.54% | 0.90% |
| Brokerage | None | None |
| Transaction costs | None | None |
| Statutory levies | 0.04% | 0.09% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP minimum
- ₹100
- SIP instalments, at least
- 12
- SIP dates
- Any date
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
As listed for this plan on 29 Oct 2026.
DSP Silver ETF Fund of Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹702 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 24.3%Of the quarter's average
- Less the house's funds of fundsAverage assets, excluding the house's funds of funds. The quarter's average assets less the money the same fund house's funds of funds hold in this fund, so that money is not counted twice. Average assets, excluding the house's funds of funds in the glossary
- ₹0.00 CrQuarter to Sep 2026
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹818 Cr, quarter to Mar 2026.
Assets at each month end
Highest ₹1,004 Cr, Jan 2026.Lowest ₹357 Cr, Sep 2025.
DSP Silver ETF Fund of Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|
| DSP Silver ETFMutual Funds | 99.52% | 678.96 | 32,17,80,050 | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| TREPS / Reverse Repo Investments | 0.39% | 2.63 |
| Net Receivables/Payables | 0.09% | 0.65 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Units of other funds99.52%
- Cash and receivables0.48%
Per cent of the fund's net assets.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 1
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 0
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 0.43%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| DSP Silver ETF | Added | 99.52% | 99.95% | −0.43 pts | +38,17,020 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Silver ETF | – | – | – | – | – | – | – | – | – | – | 99.95%Bought | 99.52%Added |
| DSP Silver ETF | 99.97%Added | 99.82%Added | 99.19%Added | 100.73%Added | 99.85%Cut | 99.85%Cut | 99.90%Cut | 99.85%Added | 99.81% | 99.95% | Sold out | – |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of funds tracking Domestic Price of Physical Silver (23 funds) over the same 1 year; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary56.45%
55.40%Lowest64.02%Average77.23%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary25.16%
24.22%Lowest28.11%Average34.53%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.91
0.83Lowest0.86Average0.92Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary1.97
1.82Lowest1.90Average2.04Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year and since May 2025 | −48.25% | 29 Jan 2026 | 27 Oct 2026 | Not yet |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Aug 2025 to Aug 202613 months | Very High | Very HighDomestic Prices of physical Silver |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
DSP Silver ETF Fund of Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Anil GhelaniPrimary | May 2025 | +61.26%a year | – | – | – | – | 41 | ₹17,327 Cr |
| Diipesh ShahComanage | May 2025 | +61.26%a year | – | – | – | – | 41 | ₹17,327 Cr |
| Neha RathiComanage | May 2026 | −20.16%over 175 days | – | – | 0.0% | 0.0% | 41 | ₹17,327 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| DSP Nifty 50 Equal Weight Index FundAnil Ghelani | Jul 2019 | +14.52%a year | +15.39% | −0.88 pts | ₹2,550 Cr |
| DSP BSE Liquid Rate ETFAnil Ghelani | Mar 2024 | – | – | – | ₹1,889 Cr |
| DSP Nifty PSU Bank ETFAnil Ghelani | Jul 2023 | – | +19.82% | – | ₹1,434 Cr |
| DSP Nifty Next 50 Index FundAnil Ghelani | Jul 2019 | +14.14%a year | +14.71% | −0.57 pts | ₹1,350 Cr |
| DSP Nifty 50 Equal Weight Index FundDiipesh Shah | Nov 2020 | +18.08%a year | +18.65% | −0.57 pts | ₹2,550 Cr |
| DSP BSE Liquid Rate ETFDiipesh Shah | Mar 2024 | – | – | – | ₹1,889 Cr |
| DSP Nifty PSU Bank ETFDiipesh Shah | Jul 2023 | – | +19.82% | – | ₹1,434 Cr |
| DSP Nifty 50 Equal Weight Index FundNeha Rathi | May 2026 | −5.14%over 175 days | −5.06% | −0.08 pts | ₹2,550 Cr |
| DSP BSE Liquid Rate ETFNeha Rathi | May 2026 | – | +2.55% | – | ₹1,889 Cr |
| DSP Nifty PSU Bank ETFNeha Rathi | May 2026 | – | −3.64% | – | ₹1,434 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The primary investment objective of the scheme is to seek to generate returns by investing in units of DSP Silver ETF. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- A. Units of DSP Silver ETF : 95% - 100%, B. Cash and Cash Equivalents : 0% – 5%
- For detailed asset allocation, please refer to the Scheme Information Document
Type of scheme
An open ended fund of fund scheme investing in DSP Silver ETF
- Stated category
- Fund of Funds (FoFs) (Domestic)
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- Price of Silver
- Risk level at launch
- Very High
- New fund offer
- 28 Apr 2025 to 9 May 2025
- Units first allotted
- 15 May 2025
- Open for sale again
- 19 May 2025
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 153487 | INF740KA1VZ0 | DSP_SILV_ETF_N4IGOC | 15 May 2025 | |
| Regular Growth | 153486 | INF740KA1VW7 | DSP_SILV_ETF_1YEWA39 | 15 May 2025 | |
| Direct IDCW | 153489 | INF740KA1WA1 | INF740KA1WB9 | DSP_SILV_ETF_6923EA | 15 May 2025 |
| Regular IDCW | 153488 | INF740KA1VX5 | INF740KA1VY3 | DSP_SILV_ETF_1Q0TTWV | 15 May 2025 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet September 2026DSP Mutual Fund, Sep 2026
Statement of additional information
- SAI DSP Mutual FundDSP Mutual Fund, Oct 2026
Annual report
- Annual Report for the Financial Year 2025 – 2026 (For all DSP Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Fixed Maturity Plans (Live and Matured))DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Equity Schemes)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Hybrid Schemes and Multi Asset Scheme)DSP Mutual Fund, Mar 2026
Riskometer disclosure
- Changes in risk level of schemes and other details during FY 2025- 2026DSP Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio overlap 30 sepDSP Mutual Fund, Sep 2026