Mirae Asset Silver ETF (SILVERAG)

Profile

Mirae Asset Silver ETF is an open-ended exchange-traded fund designed to replicate the performance of physical silver's domestic price in India. Launched in June 2023, it offers investors exposure to silver, a precious metal known for its dual role as an industrial commodity and investment asset. The ETF seeks to provide returns analogous to the silver price indexed in Indian rupees by holding silver in physical form, thus functioning as a passive investment vehicle. Mirae Asset Silver ETF appeals to investors looking for a commodity-based diversification option, combining silver's uses in electronics, photovoltaics, and jewelry with its characteristic attributes as a hedge against inflation and currency depreciation. With a low expense ratio and creation unit size of 30,000 units, it serves as a transparent, liquid, and cost-efficient means to invest in silver's price movements without the need for direct metal ownership. The fund plays a significant role in connecting commodity markets with retail and institutional investors through the Indian equities market.