Silver has always been a trusted investment in India, but buying physical silver comes with problems like storage, safety, and purity concerns. That’s why many investors are now choosing the best silver ETFs in India. They allow you to invest in silver in a simple and hassle-free way through your Demat account, just like buying shares.
Silver ETFs are investment products that track the price of physical silver in the market. Previously, individuals favored purchasing silver coins or bars to enjoy a price increase. Although the technique remains popular, it is associated with limitations such as storage capacity, safety issues, and purity tests.
Silver ETFs solve these problems. They are traded on stock exchanges, which means you can buy and sell them easily through your Demat account. There is no need to worry about lockers or physical handling. This makes Silver ETFs a simple, safe, and convenient way to invest in silver while enjoying price movements without the hassle of owning it physically.
How Do Silver ETFs Work?
Silver ETFs are funds that trade in physical silver. When an investor invests in a silver ETF, the fund house buys high-purity silver using that money and places it in safe vaults. This is the silver that supports the ETF.
When you invest in a silver ETF, you are not buying silver coins or silver bars, but rather units of the fund. Each unit entails a small amount of silver. These units vary in price depending on the price of silver in the market. When silver prices increase, your ETF units are likely to increase in value. The value can also decrease in case the prices fall.
Buying and selling silver ETF units in the stock exchange at trading time can be done using your Demat and trading account. This ensures that investing in silver is easy, transparent, and has no storage or safety concerns.
Who Can Invest in Silver ETFs?
Silver ETFs are good for investors who wish to include silver in their portfolio without purchasing it physically. Silver ETFs can be convenient in case you do not want the hassle of storage, security, or purity checks.
They also suit individuals who wish to diversify their investments. Silver tends to move in the opposite direction of stocks and other investments, which can be used to diversify risk. Silver ETF funds can also be discussed as an option when investors want to secure their funds in case of inflation (silver is regarded as the hedging metal in unstable circumstances).
Silver ETFs could easily be incorporated in your investment plan if you already have a Demat and trading account and also want to buy and sell freely through the stock exchange.
Top Performing Silver ETFs in 2026
Silver has seen strong movement, and that has directly impacted the performance of Silver ETFs in India. As silver prices rise, ETFs that track silver also reflect similar growth. Because of this, many investors are actively looking at the best-performing options before making a decision. In the table below, we have listed the best silver ETFs to buy in 2026, along with important details to help you compare them easily and make a better investment choice.
| Silver ETF Name | Approx. AUM (₹ Cr) | 1-Year Return (%) | Expense Ratio (%) |
| Nippon India Silver ETF | ₹6,099.14 | 272% | 0.56 |
| ICICI Prudential Silver ETF | ₹22,162 | 274% | 0.40 |
| HDFC Silver ETF | ₹10,690 | 269–270% | 0.45 |
| SBI Silver ETF | ₹8,494.83 | 272% | 0.40 |
| Kotak Silver ETF | ₹4,148 | 273% | 0.45 |
| Tata Silver ETF | ₹6,849 | 287% | 0.40 |
| DSP Silver ETF | ₹3,055 | 150% range | 0.40 |
| Axis Silver ETF | ₹2,604.53 | 130–150% | 0.40 |
| Aditya Birla Silver ETF | ₹4,523 | 130–150% | 0.35 |
| UTI Silver ETF | ₹750.24 | 130–150% | 0.53 |
Nippon India Silver ETF
It is the best silver ETF in India, having high Assets Under Management. It has high liquidity, meaning that it is easy to buy and sell units. Therefore, it is most appropriate for investors who like stability, large size, and easy trading in the market.
ICICI Prudential Silver ETF
This silver ETF is known for its competitive expense ratio and consistent performance. It effectively tracks silver prices and is backed by a well-known fund house. Investors looking for a balance between cost efficiency and reliable returns may find this option suitable for long-term silver exposure.
HDFC Silver ETF
Backed by a trusted financial brand, this Silver ETF offers decent liquidity and steady tracking of silver prices. It is often preferred by investors who value brand reputation along with performance. The fund is suitable for those who want stable exposure to silver without unnecessary risk.
SBI Silver ETF
This best silver ETF in India benefits from the strong trust associated with SBI. It provides reliable tracking of silver prices and has gained attention due to its growing AUM. Conservative investors who prefer established institutions often consider this ETF for adding silver to their portfolio.
Kotak Silver ETF
Kotak Silver ETF is slowly becoming popular with investors. It provides competitive returns and a decent expense ratio. The fund will be highly linked to the swings of silver prices, and as such, it will be a convenient choice for individuals who want a realistic and simple silver investment exposure.
Tata Silver ETF
This ETF has shown strong recent performance due to rising silver prices. It provides good tracking efficiency and competitive costs. Investors who are slightly aggressive and want to benefit from short- to medium-term silver price movements may consider this ETF.
DSP Silver ETF
DSP Silver ETF offers stable performance with a moderate AUM size. It concentrates on the proper monitoring of silver prices without incurring high costs. Appropriate for investors who require diversifying their portfolio and having silver exposure in a professionally managed fund structure.
Axis Silver ETF
Axis Silver ETF has a reputation for having a simple structure and good prices. It seeks to capture silver price movements effectively. This ETF can make a valuable addition to the portfolio of long-term silver investors who would like to invest in a well-managed and affordable investment.
Aditya Birla Sun Life Silver ETF
This best silver ETF in India offers relatively lower expense ratios compared to some peers. It provides steady tracking of silver prices and benefits from the experience of an established fund house. Ideal for investors seeking affordable silver exposure with consistent performance.
UTI Silver ETF
UTI Silver ETF comes from one of the older and respected fund houses in India. It offers stable management and decent liquidity. Investors looking for long-term exposure to silver through a trusted and experienced asset management company may consider this ETF.
Conclusion
Silver ETFs have emerged as an easy and convenient method of investment in silver without the trouble of holding or the security factor. They allow investors to exploit the price volatility of silver and may buy and sell in the stock exchange. The performance of most silver ETFs has been good in the year 2026, though it is essential to choose the best silver ETF in India in terms of AUM, expense ratio, and liquidity. Always align the ETF to your financial objectives and risk to investment.
Frequently Asked Questions
1. Do Silver ETFs give regular returns?
No, they do not give fixed returns or dividends. Your profit will be based on the rise in the prices of silver at the time of selling the units.
2. What is the best way to invest in a silver ETF?
You will need to open a Demat and trading account. Once you have that, you can purchase and sell Silver ETF units with your stockbroker during market hours.
3. Are silver ETF investments safe?
Silver ETFs eliminate the storage and theft risks, as you do not own actual silver. Nevertheless, they are dependent on silver prices, and market risk cannot be eliminated.
4. What is the process to invest in Silver ETFs in India?
The investment process in Silver ETFs in India is simple. All investors need to do is open a Demat and trading account with a stockbroker registered with the Exchange. Once the account is functional, investors are free to buy and sell the Silver ETFs on the stock exchanges just like any stock.
5. Do Silver ETFs have the advantage over buying physical silver?
When compared to owning physical silver, Silver ETFs are better when it comes to liquidity, cost of storage, and overall cost of investment. However, physical silver is better for those investors who are looking for some kind of a tangible asset.
6. Do Silver ETFs offer dividends?
Most of the Silver ETFs in India do not offer dividends because the main goal for these ETFs is to track silver prices. So the main source of returns come from the price appreciation of the ETF units.
7. Can Silver ETFs be considered for long-term investment?
For long-term investment Silver ETFs can be considered for diversification as protection against inflation and changes in currency value. However, investors should not limit their investment to precious metals but include Silver ETFs in a diversified portfolio.
8. What is the taxation of Silver ETFs in India?
In India, taxation of Silver ETFs is similar to taxation of non-equity mutual funds. There is a capital gains tax which is determined by the duration of holding the asset and the current tax regime. Therefore, investors should stay updated with tax changes before investing.