About us
Groww Silver ETF
ETF
Very High Risk
NFO Opening date
02 May 2025
End date
16 May 2025
Scheme re-opens on or before
30 May 2025
What is Groww Silver ETF?
The Groww Silver ETF tracks the domestic price of physical silver based on the daily spot fixing price from the London Bullion Market Association (LBMA). It invests in physical silver through dematerialized units, eliminating the need for storage, insurance, or direct ownership.
Why Groww Silver ETF?
Low correlation with equity
Silver has historically shown little to no fluctuation in price when stock markets experience ups and downs. This makes silver a potential diversification option, as its price movements are not closely tied to stock market trends.¹*
More demand
In 2024, silver’s demand outpaced supply by about 215.3 million ounces, driven by industrial use and physical investment. As demand from sectors like electronics, electric vehicles, 5G, and renewable energy grows, the need for silver may continue to increase.²
Valuation
The current gold-to-silver ratio stands at 91.64. This means that it takes 91.64 grams of silver to buy 1 gram of gold. A higher ratio suggests that silver may be more affordable relative to gold, offering potential entry points for investors.³*
Potential for liquidity
Groww Silver ETF aims to provide ease of access for investors to buy or sell units during market hours on the stock exchange.
Who may consider Groww Silver ETF?
Investors seeking long term capital appreciation
Investors aiming to invest in silver in order to seek returns similar to the performance of silver
Minimum investment amounts
Minimum SIP investment
Not available
Minimum Lumpsum investment
₹500
Expense ratio, exit load and tax
Unit Price
Offer for Sale of Units at approx 1g silver price per unit
Total Expense ratio:
upto 1.00%
Exit load
Nil
Stamp duty on investment: 0.005%
from July 1st 2020
Tax implication:
Returns are taxed at normal rate of tax applicable to the assessee, if you redeem before 1 year. After 1 year, you are required to pay LTCG Tax of 12.5% on returns of more than ₹1Lakh in a financial year
Fund management
Wilfred GonsalvesOct 2024 - PresentView details
Wilfred Gonsalves
Oct 2024
- Present
View details
About
Wilfred has over 7 years of experience in Investment Management, with a strong background in credit analysis, macroeconomics, fixed income, and gold. At Whiteoak Capital, where he worked for 1.5 years, Wilfred specialized as a dealer in Fixed Income securities and supported Gold ETF units trading. Prior to this, he served as a Fixed Income Dealer at Edelweiss Tokio Life Insurance for 3 years, where his responsibilities included Fixed Income trading and portfolio management. Additionally, at L&T Finance, Wilfred was part of the Deal Origination team for 2 years, conducting in-depth credit analysis to support investment decisions.
Investment objective
The investment objective of the scheme is to generate returns corresponding to the Domestic Price of Physical Silver before expenses, subject to tracking errors, fees and expenses by investing in Physical Silver. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Fund benchmark
Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) silver daily spot fixing price)
Type of Scheme
An open-ended exchange traded fund replicating/ tracking domestic price of Physical Silver.
Riskometer
This product is suitable for investors who are seeking*
• Long-term capital appreciation
• Investment in silver in order to generate returns similar to the performance of the silver, subject to tracking errors
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Scheme Riskometer
Investors understand that thier principal will be at Very High Risk
Benchmark Riskometer - Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) silver daily spot fixing price)
The Benchmark is at Very High Risk
*The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Downloads
SID - Groww Silver ETF
KIM - Groww Silver ETF
Disclaimer
Please refer to the scheme information document before investing and consult your financial advisor.
* Past performance may or may not be sustained in future and is not a guarantee of any future returns.
Source 1: NSE, Bloomberg, April 10, 2025
Source 3: Bloomberg, data as on April 25, 2025
Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Views expressed herein, involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied herein. Stocks/Sectors/Views should not be construed as an investment advice or a research report or a recommendation by Groww Mutual Fund ("the Fund") / Groww Asset Management Limited (AMC) to buy or sell the stock or any other security. The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s). There is no assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes. The investment approach other data mentioned herein are dated and proposed to be followed by the scheme and the same may change in future depending on market conditions and other factors. The AMC/trustee/sponsor/group companies shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Min. Lumpsum amount
₹500
