HDFC Silver ETF Fund of Fund
FoF Domestic · HDFC Asset Management Company Limited
Among the 470 funds in its category, this one has grown money faster than most. ₹1 lakh invested 3 years ago would be about ₹3.1 lakh today. Investing ₹10,000 every month for the last 3 years would have put in ₹3.7 lakh and grown it to about ₹7.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹60,920. Funds like this reward patience and punish panic-selling.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.HDFC Silver ETF Fund of Fund is a FoF Domestic fund from HDFC Asset Management Company Limited. It has a track record of about 3.9 years. As of the latest data it carries an RS rating of 94/99 (its recent momentum versus category peers) and a King Score of 70/100 (a long-term quality composite). The current NAV is ₹37.74 (as of 2026-09-16).
Growth of ₹100 - last 4 years
HDFC Silver ETF Fund of Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -1.19% | -1.68% |
| 3 months | -8.63% | -0.37% |
| 6 months | -7.98% | 2.56% |
| 1 year | 74.92% | 18.46% |
| 3 years (CAGR) | 45.06% | 18.94% |
Its trailing one-year return is 74.92%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | HDFC Silver ETF Fund o | Benchmark |
|---|---|---|
| 2023 | +7.3% | +25.8% |
| 2024 | +15.8% | +15.2% |
| 2025 | +155.5% | +6.7% |
| 2026 | +1.0% | -5.8% |
HDFC Silver ETF Fund of Fund beat its benchmark in 3 of the last 4 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in HDFC Silver ETF Fund of Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹776,004 | 54.27% |
Over 3 years, ₹370,000 invested in monthly instalments would have grown to about ₹776,004 - an XIRR of 54.27%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -39.08% | -18.66% |
| Worst drawdown (3Y) | -39.08% | -15.66% |
| Volatility (1Y) | 71.79% | 23.47% |
| Sharpe (3Y) | 0.96 | 0.59 |
| Sortino (3Y) | 1.69 | 1.3 |
| Beta (3Y) | 0.1 | 0.39 |
| Alpha (3Y) | 37.77% | 12.5% |
| Up capture | 75.5% | 61.1% |
| Down capture | -30.0% | 21.88% |
| Bull-market return | 57.9% | 31.51% |
| Bear-market return | 10.5% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in HDFC Silver ETF Fund of Fund (starting 2025-01-28) gained 281.8%, while the worst (starting 2023-02-03) still made 0.6%. The worst peak-to-bottom fall HDFC Silver ETF Fund of Fund has ever put investors through is -39.08% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 10.5% annualised, versus 57.9% in rising markets. It has captured roughly 75.5% of its benchmark's up-moves and -30.0% of its down-moves.
How HDFC Silver ETF Fund of Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), HDFC Silver ETF Fund of Fund has historically returned about 10.5% annualised, versus roughly 57.9% when the market is rising. Its deepest fall on record is -39.08%. Right now it sits about 34.99% below its all-time high (last hit 2026-01-28). The real question isn't the average year - it's whether you could hold on through the worst one.
How HDFC Silver ETF Fund of Fund ranks in its category
Percentile versus its ~470 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 47.06% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 32.0% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, HDFC Silver ETF Fund of Fund returned a median of 47.06% a year, and 100.0% of those windows were positive.
Who manages HDFC Silver ETF Fund of Fund - and how good are they?
HDFC Silver ETF Fund of Fund is managed by Arun Agarwal and Nandita Menezes. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Arun Agarwal's full record
Arun Agarwal currently runs 24 funds, across Equity Savings, FoF Domestic, FoF Overseas, Index Funds and more, with about ₹60,655 Cr under management. The book's average King Score is 55.4/100. Their strongest fund by King Score is HDFC Developed World Overseas Equity Passive FOF (77/100); HDFC Silver ETF Fund of Fund ranks #3 of 24 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Developed World Overseas Equity Passive FOF | 82 | 77 | 2.4% | 16.3% | 26.0% | 25.1% | n/a | n/a | 1.31 | 21.2% | -19.6% |
| 2 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 3 | HDFC Silver ETF Fund of Fund (this page) | 94 | 70 | -8.6% | -8.0% | 74.9% | 45.1% | n/a | n/a | 0.96 | 47.1% | -39.1% |
| 4 | HDFC Gold ETF Fund of Fund | 86 | 67 | 0.7% | -2.3% | 36.8% | 35.5% | 25.2% | 16.1% | 1.36 | 10.2% | -23.6% |
| 5 | HDFC NIFTY Midcap 150 Index Fund | 66 | 64 | -0.8% | 8.0% | 3.9% | 13.8% | n/a | n/a | 0.41 | 21.1% | -21.1% |
| 6 | HDFC NIFTY50 Equal weight Index Fund | 33 | 63 | -1.9% | 1.9% | -1.1% | 10.4% | 10.7% | n/a | 0.26 | 17.0% | -18.0% |
| 7 | HDFC NIFTY Next 50 Index Fund | 57 | 58 | -1.6% | 7.6% | 3.7% | 15.5% | n/a | n/a | 0.46 | 18.0% | -26.7% |
| 8 | HDFC Nifty 100 Equal Weight Index Fund | 44 | 57 | -1.8% | 4.8% | 1.1% | 12.6% | n/a | n/a | 0.38 | 17.6% | -21.6% |
| 9 | HDFC NIFTY Smallcap 250 Index Fund | 93 | 51 | 3.5% | 18.0% | 4.2% | 13.2% | n/a | n/a | 0.34 | 19.4% | -26.2% |
| 10 | HDFC BSE 500 Index Fund | 37 | 50 | -1.0% | 3.2% | -2.6% | 8.6% | n/a | n/a | 0.15 | 13.0% | -18.8% |
| 11 | HDFC NIFTY 100 Index Fund | 23 | 46 | -2.1% | -0.1% | -5.0% | 7.2% | n/a | n/a | 0.06 | 13.4% | -17.3% |
| 12 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
| 13 | HDFC Nifty 50 Index Fund | 13 | 30 | -2.2% | -1.7% | -6.8% | 5.7% | 6.6% | 11.2% | -0.05 | 13.3% | -38.4% |
| 14 | HDFC BSE Sensex Index Fund | 7 | 23 | -2.0% | -2.4% | -8.5% | 4.0% | 5.7% | 11.0% | -0.16 | 12.8% | -38.1% |
| 15 | HDFC Nifty India Digital Index Fund | 92 | n/a | 9.7% | 11.9% | -6.0% | n/a | n/a | n/a | -0.68 | n/a | -27.6% |
| 16 | HDFC NIFTY Realty Index Fund | 76 | n/a | 3.0% | 12.6% | -7.1% | n/a | n/a | n/a | -0.31 | n/a | -43.5% |
| 17 | HDFC NIFTY500 Multicap 50 25 25 Index Fund | 48 | n/a | -0.4% | 6.4% | -0.4% | n/a | n/a | n/a | -0.44 | n/a | -20.0% |
| 18 | HDFC NIFTY LargeMidcap 250 Index Fund | 41 | n/a | -1.4% | 4.0% | -0.5% | n/a | n/a | n/a | -0.44 | n/a | -16.8% |
| 19 | HDFC Nifty100 Quality 30 Index Fund | 34 | n/a | -0.0% | 2.6% | -4.8% | n/a | n/a | n/a | -0.22 | n/a | -15.2% |
| 20 | HDFC NIFTY100 Low Volatility 30 Index Fund | 26 | n/a | -1.4% | 0.7% | -5.9% | n/a | n/a | n/a | -0.48 | n/a | -18.2% |
| 21 | HDFC Nifty Top 20 Equal Weight Index Fund | 26 | n/a | 0.0% | -0.7% | -7.1% | n/a | n/a | n/a | -0.48 | n/a | -16.1% |
| 22 | HDFC NIFTY200 Momentum 30 Index Fund | 19 | n/a | -4.4% | 1.1% | -3.6% | n/a | n/a | n/a | -0.31 | n/a | -31.9% |
| 23 | HDFC BSE India Sector Leaders India Fund | n/a | n/a | -1.6% | 1.4% | n/a | n/a | n/a | n/a | n/a | n/a | -15.1% |
| 24 | HDFC Nifty India Consumption Index Fund | n/a | n/a | -0.1% | 4.2% | n/a | n/a | n/a | n/a | n/a | n/a | -13.3% |
Nandita Menezes's full record
Nandita Menezes currently runs 24 funds, across Equity Savings, FoF Domestic, FoF Overseas, Index Funds and more, with about ₹60,655 Cr under management. The book's average King Score is 55.4/100. Their strongest fund by King Score is HDFC Developed World Overseas Equity Passive FOF (77/100); HDFC Silver ETF Fund of Fund ranks #3 of 24 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Developed World Overseas Equity Passive FOF | 82 | 77 | 2.4% | 16.3% | 26.0% | 25.1% | n/a | n/a | 1.31 | 21.2% | -19.6% |
| 2 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 3 | HDFC Silver ETF Fund of Fund (this page) | 94 | 70 | -8.6% | -8.0% | 74.9% | 45.1% | n/a | n/a | 0.96 | 47.1% | -39.1% |
| 4 | HDFC Gold ETF Fund of Fund | 86 | 67 | 0.7% | -2.3% | 36.8% | 35.5% | 25.2% | 16.1% | 1.36 | 10.2% | -23.6% |
| 5 | HDFC NIFTY Midcap 150 Index Fund | 66 | 64 | -0.8% | 8.0% | 3.9% | 13.8% | n/a | n/a | 0.41 | 21.1% | -21.1% |
| 6 | HDFC NIFTY50 Equal weight Index Fund | 33 | 63 | -1.9% | 1.9% | -1.1% | 10.4% | 10.7% | n/a | 0.26 | 17.0% | -18.0% |
| 7 | HDFC NIFTY Next 50 Index Fund | 57 | 58 | -1.6% | 7.6% | 3.7% | 15.5% | n/a | n/a | 0.46 | 18.0% | -26.7% |
| 8 | HDFC Nifty 100 Equal Weight Index Fund | 44 | 57 | -1.8% | 4.8% | 1.1% | 12.6% | n/a | n/a | 0.38 | 17.6% | -21.6% |
| 9 | HDFC NIFTY Smallcap 250 Index Fund | 93 | 51 | 3.5% | 18.0% | 4.2% | 13.2% | n/a | n/a | 0.34 | 19.4% | -26.2% |
| 10 | HDFC BSE 500 Index Fund | 37 | 50 | -1.0% | 3.2% | -2.6% | 8.6% | n/a | n/a | 0.15 | 13.0% | -18.8% |
| 11 | HDFC NIFTY 100 Index Fund | 23 | 46 | -2.1% | -0.1% | -5.0% | 7.2% | n/a | n/a | 0.06 | 13.4% | -17.3% |
| 12 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
| 13 | HDFC Nifty 50 Index Fund | 13 | 30 | -2.2% | -1.7% | -6.8% | 5.7% | 6.6% | 11.2% | -0.05 | 13.3% | -38.4% |
| 14 | HDFC BSE Sensex Index Fund | 7 | 23 | -2.0% | -2.4% | -8.5% | 4.0% | 5.7% | 11.0% | -0.16 | 12.8% | -38.1% |
| 15 | HDFC Nifty India Digital Index Fund | 92 | n/a | 9.7% | 11.9% | -6.0% | n/a | n/a | n/a | -0.68 | n/a | -27.6% |
| 16 | HDFC NIFTY Realty Index Fund | 76 | n/a | 3.0% | 12.6% | -7.1% | n/a | n/a | n/a | -0.31 | n/a | -43.5% |
| 17 | HDFC NIFTY500 Multicap 50 25 25 Index Fund | 48 | n/a | -0.4% | 6.4% | -0.4% | n/a | n/a | n/a | -0.44 | n/a | -20.0% |
| 18 | HDFC NIFTY LargeMidcap 250 Index Fund | 41 | n/a | -1.4% | 4.0% | -0.5% | n/a | n/a | n/a | -0.44 | n/a | -16.8% |
| 19 | HDFC Nifty100 Quality 30 Index Fund | 34 | n/a | -0.0% | 2.6% | -4.8% | n/a | n/a | n/a | -0.22 | n/a | -15.2% |
| 20 | HDFC NIFTY100 Low Volatility 30 Index Fund | 26 | n/a | -1.4% | 0.7% | -5.9% | n/a | n/a | n/a | -0.48 | n/a | -18.2% |
| 21 | HDFC Nifty Top 20 Equal Weight Index Fund | 26 | n/a | 0.0% | -0.7% | -7.1% | n/a | n/a | n/a | -0.48 | n/a | -16.1% |
| 22 | HDFC NIFTY200 Momentum 30 Index Fund | 19 | n/a | -4.4% | 1.1% | -3.6% | n/a | n/a | n/a | -0.31 | n/a | -31.9% |
| 23 | HDFC BSE India Sector Leaders India Fund | n/a | n/a | -1.6% | 1.4% | n/a | n/a | n/a | n/a | n/a | n/a | -15.1% |
| 24 | HDFC Nifty India Consumption Index Fund | n/a | n/a | -0.1% | 4.2% | n/a | n/a | n/a | n/a | n/a | n/a | -13.3% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.21% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹4,893 Cr |
| Age | 3.9 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How HDFC Silver ETF Fund of Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| UTI Gold ETF Fund of Fund | 88 | 82 | 36.0% |
| Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | 37.9% |
| LIC MF Gold ETF Fund of Fund | 74 | 78 | 35.5% |
| Edelweiss Gold and Silver ETF FOF | 88 | 77 | 40.5% |
| Nippon India Multi - Asset Omni FoF | 63 | 76 | 15.7% |
| Axis Silver Fund of Fund | 94 | 73 | 45.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
HDFC Silver ETF Fund of Fund review: the bottom line
Related
Frequently asked questions
Is HDFC Silver ETF Fund of Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, HDFC Silver ETF Fund of Fund scores 70/100 on our King Score and RS 94/99 within its category, has compounded 45.06% a year over three years, and its worst drawdown was -39.08%. Compare those against your needs and the peer table above.
What is the NAV of HDFC Silver ETF Fund of Fund today?
The latest NAV is ₹37.74 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of HDFC Silver ETF Fund of Fund?
The Direct-plan expense ratio is 0.21% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of HDFC Silver ETF Fund of Fund?
HDFC Silver ETF Fund of Fund is managed by Arun Agarwal; Nandita Menezes.
Is HDFC Silver ETF Fund of Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -39.08% - ₹1 lakh briefly becoming about ₹60,920. As a gold & silver fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is HDFC Silver ETF Fund of Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 3 years grew ₹3.7 lakh into about ₹7.8 lakh (XIRR 54.27%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of HDFC Silver ETF Fund of Fund?
A ₹10,000/month SIP over 3 years would have grown to about ₹776,004 (an XIRR of 54.27%) on ₹370,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does HDFC Silver ETF Fund of Fund rank among similar funds?
On 3-year returns it sits around the 97th percentile of its category, and its consistency ranks 82th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is HDFC Silver ETF Fund of Fund tax-efficient / what about capital gains?
As a gold & silver fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See HDFC Silver ETF Fund of Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.