Mirae Asset Mutual Fund has introduced a new investment product called the Mirae Asset Silver ETF FoF, providing investors with an indirect route to invest in silver. The scheme follows a fund-of-funds structure, investing primarily in units of the Mirae Asset Silver ETF.
The offering aims to give investors exposure to silver through the mutual fund framework without the need to purchase or store the physical metal.
The new fund offer (NFO) for the scheme opened for subscription recently and will remain available to investors until 18 March. After the NFO period, the scheme is scheduled to reopen for continuous purchase and redemption on 25 March.
Investors can participate with a minimum investment of ₹5,000, with additional investments permitted in multiples of ₹1 thereafter.
The scheme will be managed by Ritesh Patel and Akshay Udeshi.
As a fund-of-funds structure, the scheme does not invest directly in physical silver. Instead, it allocates capital to the Mirae Asset Silver ETF, which holds the underlying commodity. This structure allows investors to gain exposure through a mutual fund route.
Silver functions both as a precious metal and an industrial input. While it is traditionally considered a store of value, its demand is increasingly tied to industrial sectors.
Key areas of consumption include:
Because of this dual role, silver prices often reflect broader economic activity alongside investment demand.
The silver market in 2026 is influenced by a combination of global and domestic factors. These include:
In India, additional demand drivers include jewellery consumption, investor interest and expanding usage in renewable energy and electronics production.
According to Siddharth Srivastava, the new scheme offers investors a structured way to participate in silver through the mutual fund framework.
The fund-of-funds model allows investors to avoid handling physical silver while benefiting from the transparency and regulatory oversight associated with mutual fund investments.
However, he also noted that commodity prices may experience volatility due to changing global economic conditions and market developments.
Read More: Upcoming NFOs in March 2026: Equity, Debt and Arbitrage Funds Open for Subscription.
The launch of the Mirae Asset Silver ETF FoF adds another option for investors seeking exposure to silver through mutual funds. By investing in the underlying silver ETF, the scheme provides indirect participation in commodity price movements while maintaining the structure of a regulated investment product. As with other commodity-linked investments, performance may be influenced by a range of global economic and market factors.
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 or 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.
Mutual fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 6, 2026, 11:37 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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