The ICICI Prudential Silver ETF FOF – Direct Plan (IDCW) recorded a Net Asset Value of ₹33.28 on 20 July 2026, reflecting the per‑unit market price of the fund after accounting for the closing values of the underlying securities.
Fund size and structure
Managed by ICICI Prudential Asset Management Co. Ltd., the scheme is classified as a debt‑focused fund of funds. Its assets under management total ₹6,066.63 crores, a figure that signals both the scale of investor participation and the fund’s capacity to allocate to its primary holding, the ICICI Prudential Silver ETF.
The fund launched on 13 January 2022 and operates from the Bandra Kurla Complex in Mumbai. It falls under the “very high” risk category according to the SEBI Riskometer, a rating that aligns it with investors who are comfortable with pronounced market swings.
As a private‑sector joint venture, the management company brings a blend of institutional expertise and market reach, positioning the fund to benefit from broader distribution channels while maintaining a focused investment mandate.
Being a fund of funds, the scheme’s objective is explicitly to generate returns by investing in units of the ICICI Prurudential Silver ETF, meaning that all capital is channeled through a single underlying exchange‑traded fund rather than a diversified basket of securities.
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Recent performance
Over the past year the fund delivered a return of 88.66 %, while the three‑year figure stood at 40.23 %. The five‑year return is currently listed as 0 %, indicating that the fund has not yet completed a full five‑year performance horizon.
Investors can enter the scheme with a minimum lump‑sum contribution of ₹100. A systematic investment plan (SIP) is also available starting at the same amount, allowing for regular, smaller contributions.
Compared with other silver‑linked fund‑of‑funds, such as those offered by Mirae Asset, Kotak, Axis, UTI, and HDFC, the ICICI Prudential vehicle appears to target a similar investor profile—those seeking exposure to silver through an ETF wrapper while accepting a high‑risk profile. Historically, silver‑related funds have shown volatility tied to commodity price movements, and this fund’s performance mirrors that broader pattern.
Given its “very high” risk rating, the scheme is best suited for investors with a long‑term horizon and a tolerance for price fluctuations. The fund’s focus on a single underlying ETF means its returns are closely linked to silver market trends, which can be influenced by industrial demand, monetary policy, and geopolitical factors.
As with any mutual‑fund product, past returns do not guarantee future outcomes. Potential investors are advised to assess their own risk appetite and financial objectives before committing capital.