Top Silver ETF FoFs Deliver 60%+ Returns in 3 Years, What’s Behind the Rally?

Silver has emerged as one of the best-performing commodities over the past three years, driven by a mix of industrial demand, global uncertainty, and inflation hedging. This rally has translated into strong returns for investors through Silver ETF Fund of Funds (FoFs), a convenient route for gaining silver exposure without directly buying ETFs on exchanges.
For investors scouting for low-cost, commodity-based alternatives, several Silver ETF FoFs have delivered over 60% returns in the last three years. But with silver prices already elevated, the key question is whether these funds still deserve attention now.
Top Silver ETF FoFs: Returns, Costs and Size Compared
| Fund Name | 3-Year Return (%) | Expense Ratio (%) | AUM (₹ crore) |
| HDFC Silver ETF FoF | 62.75 | 0.18 | ₹3,281 |
| Aditya Birla Sun Life Silver ETF FoF | 62.64 | 0.30 | ₹1,173 |
| ICICI Prudential Silver ETF FoF | 62.52 | 0.12 | ₹5,906 |
| Nippon India Silver ETF FoF | 62.38 | 0.26 | ₹3,705 |
| Axis Silver FoF | 62.28 | 0.14 | ₹907 |
Why Silver ETF FoFs Are Attracting Investors?
- Strong price momentum: Silver prices have benefited from rising industrial usage (electronics, solar panels) alongside safe-haven demand.
- Low-cost exposure: Expense ratios remain relatively modest, especially compared with actively managed commodity funds.
- Ease of investing: FoFs allow investors to gain silver exposure without worrying about ETF liquidity or demat transactions.
Where to Learn More About These ETFs?
To explore more about each of these ETFs, you can visit Angel One's ETF page. This will give you a comprehensive overview of their latest NAVs, historical performance, and portfolio allocation.
Moreover, for a broader look at other mutual fund offerings and categories, you can go to Angel One’s mutual fund page.
Read more: Big Capex, Bigger Order Books: What’s Next for Titagarh Rail, RVNL, and IRCON?
Conclusion
Silver ETF FoFs have delivered impressive 60%+ returns over the past three years, supported by a strong rally in silver prices. However, future performance will depend largely on commodity price movements rather than fund-level outperformance. For investors, the decision to invest now should hinge on risk appetite, portfolio allocation needs, and time horizon, rather than past returns alone.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jan 28, 2026, 1:02 PM IST

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