The Aditya Birla SL Silver ETF Fund of Fund , launched on 3 February 2022, invests primarily in units of the Aditya Birla SL Silver ETF which holds physical silver of 99.9% purity. Its AUM is approximately ₹532 crore and expense ratio ~0.65%. The scheme posted ~43% return in the past 1 year and ~34% over the past 3 years, compared with the commodity/metal thematic category average of ~30%‑35%. The allocation is ~95% to the underlying silver ETF and ~5% cash/debt. Suitable for investors seeking pure silver metal exposure through a mutual fund structure and tolerant of high volatility.