Silver has emerged as one of the most sought-after investment options for Indian investors in 2025. Rising industrial demand and global market volatility have made silver a popular hedge against inflation. For investors who want exposure to silver without the hassle of buying and storing physical metal, Silver Exchange-Traded Funds (ETFs) are an efficient and transparent choice.
In this article, we analyse the best Silver ETFs in India for 2025, comparing their returns, expense ratios and key features to help you select the right fund for your portfolio.
If you're looking to invest in the best Silver ETF in India to diversify your portfolio with the strength of precious metals, this section is for you. Below is a table highlighting some silver funds that are performing well in India.
| Best Silver ETFs in India | Market Cap (INR Cr) | 1-Year Return |
|---|---|---|
| ICICI Silver ETF | 8306.85 | 119.01 |
| HDFC Silver ETF | 1693.92 | 118.83 |
| Nippon India Silver ETF | 12302 | 118.28 |
| Axis Silver ETF | 462.07 | 131.58 |
| Mirae Asset Silver ETF | 269.49 | 68.53 |
| Tata Silver ETF | 460.46 | NA |
This table provides a quick snapshot of the best silver ETFs in India based on their market cap and historical performance, helping you choose the best option suited to your financial goals.
A Silver ETF (Exchange-Traded Fund) is a market-listed fund that gives investors exposure to silver without the hassle of uying or storing the metal. Instead of holding silver coins or bars, you buy units of a fund that tracks the domestic and global price of silver. This makes it a simple, liquid and cost-effective way to diversify your portfolio.
In India, all Silver ETFs are regulated by SEBI and must hold silver with 99.9% purity, which aligns with international commodity standards. Depending on their structure, Silver ETFs can be of different types:
Investing in Best Silver ETFs is a simple way to add silver to your portfolio, offering liquidity and convenience while avoiding the challenges of storage and security associated with physical silver.
Adding silver to your portfolio through an Exchange-Traded Fund can provide diversification, liquidity and ease of investing. Below are some of the best Silver ETFs in India 2025 ranked by cost, returns and reliability.
ICICI Silver ETF is among India’s most popular silver funds and is managed by ICICI Prudential Mutual Fund. As per SEBI norms, it invests directly in 99.9% purity physical silver. This ETF is a go-to choice for cost-sensitive investors who want direct exposure to silver prices.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 43.22 | 119.01 |
HDFC Silver ETF offers an easy route for investors seeking silver exposure as an asset class. Managed by HDFC Mutual Fund, this ETF is structured to offer stability, making it one of the best options for long-term investors. The fund maintains high standards of purity, and HDFC’s strong market reputation adds an extra layer of security.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 45.48 | 118.83 |
Managed by Nippon India Mutual Fund, this ETF offers competitive returns at an affordable cost. It invests in physical silver and adheres to SEBI’s purity guidelines. For investors interested in precious metals, Nippon India also has diverse options in gold and silver funds.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 43.72 | 118.28 |
Axis Silver ETF stands out with a competitive expense ratio and strong backing from Axis Mutual Fund. It makes silver investing accessible and liquid for both new and experienced investors.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 45.34 | 131.58 |
Mirae Asset Silver ETF is one of the best Silver ETFs in India 2025, known for its low expense ratio and reliable silver exposure. Managed by Mirae Asset Mutual Fund, it suits investors who prefer a hands-off approach but still want to diversify beyond gold and add silver to their portfolios.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 45.46 | 68.53 |
Part of Tata Mutual Fund, this ETF focuses on steady growth with reasonable costs. Known for its disciplined approach, it is a reliable choice for investors looking to invest in silver exchange-traded funds in India for the long term.
| 1Y Return (%) | 3Y Return (%) |
|---|---|
| 46.71 | NA |
Investing in the best Silver ETFs in India offers a range of benefits that make them an attractive choice for both new and seasoned investors. Here’s a look at some key advantages:
Silver ETFs are funds that invest primarily in physical silver or silver futures, designed to track the price movements of silver in the market. When you invest in a Silver ETF in India, your money is pooled with other investors’ funds to purchase silver assets directly or through futures contracts.
The value of your ETF units reflects the current market price of silver, adjusting as the price of silver goes up or down. Since these ETFs are listed on stock exchanges, you can easily buy or sell units like regular stocks, making them highly liquid. This structure allows investors to gain exposure to silver prices without the hassle of storing or securing physical silver, offering a straightforward and cost-effective way to diversify with precious metals.
Silver and Gold ETFs offer exposure to precious metals but serve slightly different purposes in a portfolio. Silver exchange-traded funds are often more volatile and offer higher growth potential, while gold ETFs tend to provide stability and act as a safer hedge. If you're torn between silver and gold, consider diversifying across both, depending on your risk tolerance and investment goals. For more detailed information on gold ETFs, check out our article on the Best Gold ETFs in India.
| Feature | Silver ETFs | Gold ETFs |
|---|---|---|
| Volatility | Generally higher; silver prices are more volatile | Lower volatility; gold is traditionally stable |
| Growth Potential | Higher growth potential due to industrial demand | Steady growth, less impacted by industrial demand |
| Investment Role | Suitable for high-risk, high-reward strategies | Taxed as capital assets, based on the holding period |
| Tax Implications | Taxed as capital assets, based on holding period | Similar tax treatment as silver funds |
Both metals serve unique roles, so combining the best Silver ETFs in India and the Best Gold ETFs in India can help create a balanced, diversified portfolio.
Investing in Silver funds in India is easy and convenient. Just follow these simple steps:
Silver ETFs and Physical Silver offer ways to invest in this precious metal, but they have different purposes and unique pros and cons. Silver funds are more liquid, accessible, and convenient to trade, while physical silver gives you ownership of the actual metal, which some investors prefer. Here’s a quick comparison:
| Feature | Silver ETFs | Physical Silver |
|---|---|---|
| Liquidity | High; can be bought/sold on the stock exchange | Low; requires physical selling to liquidate |
| Storage & Security | No storage is needed; held electronically | Needs secure storage and incurs extra costs |
| Investment Cost | Lower cost; only expense ratio applies | Higher costs due to making, storage, and purity charges |
| Ownership | You own units that represent silver, not physical metal | Direct ownership of actual silver |
| Tax Efficiency | Taxed as capital assets, based on the holding period | Similar to tax but includes wealth tax in some cases |
Silver ETFs in India are a better choice if you're looking for ease and flexibility. But if you value direct ownership, physical silver might be more appealing.
In 2025, the best Silver ETFs in India includes ICICI, Nippon India, HDFC, Axis and Mirae Asset, they give investors a simple and cost-effective way to add precious metals to their portfolios without worrying about storage or purity. These exchange-traded funds combine transparency, liquidity and lower costs compared to physical silver, making them a practical choice for both first-time and experienced investors.
The top Silver ETFs in India for 2025 are ICICI Silver ETF, HDFC Silver ETF, Nippon India Silver ETF, Axis Silver ETF, Mirae Asset Silver ETF and Tata Silver ETF. These funds stand out for their consistent performance, low expense ratios and efficient fund management, making this list of Silver ETFs in India 2025 an attractive option for investors looking to gain diversified exposure to silver.
The long-term best Silver ETFs in India are ICICI Silver ETF and HDFC Silver ETF, which are strong options due to their proven track records and fund management expertise.
Silver ETFs offer exposure to silver prices without owning and storing silver physically. They are more liquid, easy to trade, and cost-effective, while physical silver requires secure storage and incurs additional fees.
Yes, you can trade Silver ETFs for short-term gains, as they are listed on stock exchanges. However, silver prices can be volatile, so it's advisable to have a strategy, especially if you're aiming for short-term returns.
The minimum investment is equivalent to the price of one unit of the ETF, which is generally affordable, making silver ETFs accessible to a wide range of investors.
They are taxed as capital assets. Short-term capital gains tax applies for holding periods under 3 years, which aligns with your income slab. Long-term capital gains tax with indexation benefits applies for holdings of 3 years or more.
Both Silver ETFs and Gold ETFs offer portfolio diversification benefits. Gold ETFs are often more stable, making them ideal for conservative investors, while silver offers higher growth potential with more volatility. For a balanced portfolio, consider a mix of both.
Disclaimer: This article is intended for educational purposes only. Please note that the data related to the mentioned companies may change over time. The securities referenced are provided as examples and should not be considered as recommendations
