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Mirae Asset Investment Managers (India) Pvt. Ltd. announced the launch of Mirae Asset Silver ETF FOF, an open-ended fund of fund scheme investing in units of Mirae Asset Silver ETF.

The New Fund Offer (NFO) for the Scheme will open on March 05, 2026, and will close on March 18, 2026. The scheme will re-open on March 25, 2026.

Minimum investment during the NFO period will be Rs 5,000 and in multiples of Rs 1 thereof.  The scheme will be managed by Mr. Ritesh Patel and Mr. Akshay Udeshi.

Silver plays a dual role as both a precious and an industrial metal. While it is traditionally viewed as a store of value, its growing usage across sectors such as electronics, solar energy, electric vehicles and industrial applications links it demand to global economic activity and technological advancements.

The silver market enters 2026 amid evolving global dynamics. Prices are influenced by factors such as global industrial demand, investment flows, currency movements, interest rate cycles, mine supply trends and geopolitical developments. Domestically, demand is driven by investment interest, jewellery consumption and increasing adoption in renewable energy and electronics manufacturing.

“The launch of Mirae Asset Silver ETF FOF provides investors with an efficient way to participate in silver through a structured mutual fund route,” said Siddharth Srivastava, Head – ETF Product & Fund Manager, Mirae Asset Investment Managers (India) Private Limited. Silver’s unique positioning as both an industrial input and a precious metal means its performance may be influenced by global growth trends, technological adoption and macroeconomic factors. Investors should be mindful that commodity prices may be volatile and influenced by global developments.”

The fund of fund structure enables investors to access silver exposure without the need to hold physical silver directly, while benefitting from the transparency and regulatory framework of mutual funds.

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