Mirae Asset Silver ETF

Fund Overview

Fund Size

₹63 Cr

Expense Ratio

0.40%

ISIN

INF769K01KG6

Minimum SIP

Exit Load

Inception Date

09 Jun 2023

About this fund

Mirae Asset Silver ETF is a Sector - Precious Metals mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 1 years, 2 months and 29 days, having been launched on 09-Jun-23.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹82.31, Assets Under Management (AUM) of 63.04 Crores, and an expense ratio of 0.4%.

Mirae Asset Silver ETF has given a CAGR return of 8.94% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 2.91% in cash & cash equivalents.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+13.69%

+17.42% (Cat Avg.)

Since Inception

+8.94%

— (Cat Avg.)

Portfolio Summaryas of 31st July 2024

Others

₹63.04 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Silver	Commodity	₹61.2 Cr	97.09%
Net Receivables / (Payables)	Cash	₹1.75 Cr	2.78%
Treps	Cash - Repurchase Agreement	₹0.09 Cr	0.14%

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Commodity	₹61.2 Cr	97.09%
Cash	₹1.75 Cr	2.78%
Cash - Repurchase Agreement	₹0.09 Cr	0.14%

Risk & Performance Ratios

Fund Managers

Ritesh Patel

Since June 2023

Akshay Udeshi

Since August 2023

Additional Scheme Detailsas of 31st July 2024

ISIN

INF769K01KG6

Expense Ratio

0.40%

Exit Load

Fund Size

₹63 Cr

Age

09 Jun 2023

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Domestic Price of Physical Silver

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
For investments made before 1 April 2023:

If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.

Holding the units: No tax is applicable as long as you hold the units.

Dividend Taxation:

Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Precious Metals Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Aditya Birla Sun Life Gold Fund Regular Growth High Risk	1.1%	1.0%	₹345.69 Cr	18.9%
HDFC Gold Fund Regular Growth High Risk	0.5%	1.0%	₹2067.99 Cr	19.6%
SBI Gold Regular Growth High Risk	0.4%	1.0%	₹2027.77 Cr	20.1%
Motilal Oswal Gold and Silver ETFs Fund of Funds Regular Growth Very High Risk	0.5%	0.0%	₹85.50 Cr	17.6%
Motilal Oswal Gold and Silver ETFs Fund of Funds Direct Growth Very High Risk	0.2%	0.0%	₹85.50 Cr	18.0%
SBI Gold ETF High Risk	0.7%	-	₹4666.86 Cr	19.9%
UTI Gold ETF Fund of Fund Direct Growth High Risk	0.1%	1.0%	₹104.15 Cr	20.1%
UTI Gold ETF Fund of Fund Regular Growth High Risk	0.6%	1.0%	₹104.15 Cr	19.5%
Invesco India Gold ETF High Risk	0.6%	-	₹113.61 Cr	20.6%
Quantum Gold Savings Direct Growth High Risk	0.1%	0.0%	₹114.88 Cr	20.3%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,93,693 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1586.40 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4069.29 Cr	44.9%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹11964.74 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹39706.00 Cr	37.9%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹41352.17 Cr	29.9%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1021.27 Cr	7.8%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹422.50 Cr	7.7%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8422.44 Cr	25.6%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹142.72 Cr	7.9%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹1555.63 Cr	44.4%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9294.49 Cr	29.8%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹855.21 Cr	37.3%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.40 Cr	33.0%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹545.57 Cr	28.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹805.08 Cr	8.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1686.54 Cr	7.8%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2189.31 Cr	33.3%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1835.17 Cr	25.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3345.49 Cr	40.0%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.99 Cr	52.0%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹25617.49 Cr	37.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹77.93 Cr	8.6%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.38 Cr	7.7%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹67.97 Cr	-10.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1188.86 Cr	18.8%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.15 Cr	7.8%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹317.83 Cr	20.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹67.09 Cr	-15.6%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1247.29 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹334.73 Cr	8.1%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹239.66 Cr	9.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹89.04 Cr	7.7%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2560.38 Cr	53.4%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2406.03 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17454.59 Cr	42.6%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1691.93 Cr	22.5%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Silver ETF?

The NAV of Mirae Asset Silver ETF, as of 05-Sep-2024, is ₹82.31.

What is the portfolio composition of Mirae Asset Silver ETF?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 2.91% in cash and cash equivalents.

Who manages the Mirae Asset Silver ETF?

The fund managers responsible for Mirae Asset Silver ETF are:-

Ritesh Patel
Akshay Udeshi

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

;

©2021-2022 Dezerv. All Rights Reserved

Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.

Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.