NFO Monitor: Angel One Mutual Fund launches silver-based ETF and FoF

Angel One Asset Mutual Fund has announced the launch of Angel One Silver ETF and Angel One Silver ETF FoF.

The new fund offers (NFOs) are currently open for subscription. The ETF NFO will close on February 19, while the FoF NFO will close on February 23.

Both schemes provide exposure to silver by tracking domestic prices, offering investors price transparency and ease of investing. The ETF allows investment through the NSE on an ongoing basis, while the FoF enables participation even without a demat account, according to a press release by the fund house.


Silver is gaining prominence due to its dual role as a precious metal and industrial commodity. Rising demand from solar energy, electric vehicles, and data centres, coupled with supply constraints, is driving strong investor interest. Reflecting this trend, AMFI data shows that Silver ETF AUM in India crossed Rs 72,000 crore in December 2025. Over the 10-year period ending January 31, 2026, Silver (INR) delivered a CAGR of 25.8%, highlighting its potential for portfolio diversification and inflation-hedging benefits.

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“Silver is no longer just a precious metal; it is emerging as a strategically important asset in the modern global economy. Its growing role across next-generation industries and critical technologies is creating sustained structural demand, making silver a compelling long-term investment,” said Hemen Bhatia, Executive Director & CEO, Angel One AMC.

“As investors adapt their portfolios to a rapidly evolving world, exposure to silver is becoming increasingly relevant for diversification and resilience. Through our Silver ETF and Silver FoF, we aim to provide a simple, transparent, and cost-efficient way for investors to participate in the long-term potential of this dynamic asset class,” Bhatia added.

During the NFO, the Angel One Silver ETF will accept a minimum application of Rs 1,000 and in multiples of Re 1 thereafter. Post-listing on the NSE, units will be traded on the exchange, providing liquidity and real-time price discovery. The scheme eliminates the operational challenges of holding physical silver, such as storage, purity verification, and making charges, while also offering potential margin usage subject to exchange norms.

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The Angel One Silver ETF FoF is structured as a FoF scheme that invests in units of the Angel One Silver ETF, allowing investors to access silver without a demat account. The minimum application amount is Rs 500, with flexible SIP options starting at Rs 250 for daily contributions and Rs 500 for weekly, fortnightly, and monthly frequencies, while quarterly SIPs start at Rs 1,500.

Together, the schemes provide a convenient, cost-efficient route to gain silver exposure with no exit load, suitable for investors seeking portfolio diversification. For Angel One AMC, the launch marks its entry into the silver investment category, expanding its passive product portfolio alongside the Gold ETF and Gold FoF, and strengthening its position in ETFs across equity, debt, and commodity asset classes.