PUNE: Angel One Asset Management Company Limited, a wholly owned subsidiary of Angel One Limited, announced the launch of Angel One Silver ETF and Angel One Silver ETF FOF. The New Fund Offers (NFOs) are open for subscription from 09th February 2026 and close on 19th February 2026 for the ETF, while the FOF will remain open until 23rd February 2026.

Both schemes offer exposure to silver by tracking domestic prices, providing investors with price transparency and ease of investing. The ETF will allow investors to invest through NSE on an ongoing basis, while the FoF will enable participation even without a demat account.

Silver is gaining prominence due to its dual role as a precious metal and industrial commodity, with rising demand from solar energy, electric vehicles, and data centres, alongside supply constraints, supporting strong investor interest. Reflecting this trend, AMFI data shows that Silver ETF AUM in India crossed ₹72000 crores in December 2025. Over the last 10-year period ended 31st January 2026, Silver (INR) delivered a CAGR of 25.8%, reinforcing its potential for portfolio diversification and inflation-hedging benefits.

Speaking on the launch, Hemen Bhatia, Executive Director & CEO, Angel One AMC, said, “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. 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.”

Key Features

• During the NFO, the Angel One Silver ETF will allow investment with a minimum application of Rs. 1,000 and in multiples of Re. 1 thereafter. Post listing on NSE, the units will be traded on the NSE, 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 the potential for margin usage subject to exchange norms.
• The Angel One Silver ETF FOF is structured as a FOF scheme that will invest in units of the Angel One Silver ETF, enabling investors to access silver without requiring a demat account. The minimum application amount is Rs. 500, with flexible systematic investment plan (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.

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• The offering provides investors with an opportunity to gain exposure to the metal sector which is diverse and dynamic
• The ETF will invest in a range of companies involved in both ferrous and non-ferrous metals, reflecting the behavior and performance of the companies forming a part of the metal sector
• The NFO period is from August 1, 2024, to August 12, 2024

MUMBAI: ICICI Prudential Mutual Fund has announced the ICICI Prudential Nifty Metal ETF launch. The offering aims to provide returns before expenses that correspond to the returns provided by the Nifty Metal Index, subject to tracking errors. The Nifty Metal Index includes companies from the metal sector, including ferrous and non-ferrous metals.

The Nifty Metal Index is designed to reflect the behavior and performance of the Metals sector (including mining). The Nifty Metal Index comprises a maximum of 15 stocks that are listed on the National Stock Exchange. These companies are selected from the Nifty 500 based on their market value, ensuring a broad representation of the sector. The index composition ensures that no single company has more than 33% weight, and the top three companies cumulatively do not exceed 62% of the index.

Speaking on the launch of the product, Chintan Haria, Principal – Investment Strategy at ICICI Prudential AMC, said, “ICICI Prudential Nifty Metal ETF is designed to provide investors with access to one of the critical sectors that form the backbone of industrial growth. The metal sector, encompassing crucial industries like steel, aluminum, and copper, is integral to infrastructure and economic development. With increasing demand and consumption, especially in a rapidly growing economy like India, this sector presents a compelling long-term investment opportunity. Our Metal ETF aims to allow investors to benefit from the uptick in metals due to expected higher global inflation amidst lower interest rates.“

Why invest in ICICI Prudential Nifty Metal ETF?

The Nifty Metal TRI has outperformed the Nifty 500 TRI five times in the last decade, demonstrating its potential for delivering good returns. Investing in the ICICI Prudential Nifty Metal ETF provides:

1. Exposure to a key sector essential for economic growth.
2. Access to well-established companies experiencing renewed global interest.
3. A relatively low valuation compared to broader market indices, coupled with increasing demand and consumption.
4. A convenient entry with a minimum investment of just one unit.

Performance of the Index: Calendar Year Returns (%)

Nifty Metal TRI has Outperformed the Nifty 500 TRI five times in the last 10 years.

Data as of June 28, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal, MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/ legal/standard-disclaimer.html. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustainable in the future.

Data as of July 23, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal. MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/legal/standard-disclaimer.html. CAGR stands for The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span. Returns rebased to Rs. 100 as of 12th July 2013. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustained in the future.

Index Portfolio Snapshot:

Source: Nifty Metal Factsheet. As of June 28, 2024. https://www.niftyindices.com/Factsheet/ind_nifty_metal.pdf. The sector(s)/stock(s) mentioned in this document do not constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future positions in the sector(s)/stock(s).

The Nifty Metal Index is updated twice a year to reflect the sector’s performance accurately and has outperformed broader market indices since inception, as shown in the above graph, demonstrating its potential for delivering good returns.

The minimum application amount during the NFO is Rs. 1000 (plus in multiple of Re. 1).

This ETF’s benchmark is the Nifty Metal TRI, and Mr. Nishit Patel and Ms. Priya Sridhar are the fund managers of the ETF.

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We are progressing towards a period where energy consumption needs to have a renewal approach. Thus, moving towards clean energy to reduce the carbon footprint is one of the significant measures to reduce the dependency by contributing effectively to the cause of the climate action plan. One of the phenomenal methods of achieving our renewable energy goals is being powered by the expansion and increased output of solar energy. The transition to a green economy and the emergence of solar power are both integral to our climate action initiatives. Solar power is seen to be an important aspect of our grid-connected power generation network. While it contributes to meeting India’s energy security, it also assures sustainable growth while securing a green future.

Making the journey to becoming net-zero a reality is the creation of clean energy systems, where metals have a predominant role to play. A metal full of promise, aluminum has traditionally been used in the power sector for transmission and distribution. It is an enabler of clean energy and is used in a variety of components of solar photovoltaics that drives the solar power sector.  

A metal of promise

A study by the World Bank in 2020 shows that the single most widely used material in solar photovoltaic applications is aluminum. The photovoltaic system, also known as a PV system or solar power system, is a means of supplying usable solar power by using photovoltaics. The World Bank report attributes 85% of most solar PV components, including frames and panels, are made of aluminum alloys. The metal is poised to fast-track the development of India’s solar industry for the better.

The Government of India has already outlined a mission to establish India as a global leader in solar energy. For this, the creation of a policy framework that targets installing 100 GW of grid-connected solar power plants has been set into motion. By 2030, India plans to ensure that about 40 percent of the cumulative electric power installed capacity comes from non-fossil fuel-based energy resources. With the title metal of the future, aluminum is a material that is considered beneficial for use in solar panels due to its high strength-to-weight ratio, high surface reflectivity, and excellent electrical and thermal conductivity.

Most of the components that drive the solar power sector already have aluminum as an important ingredient that bears its weight and holds it together. Aluminum alloy frames and mounting structures ensure that the PV panels are sturdy and remain in place.  Given its simple nature of manufacturing, transportation, and on-site assembly, components made of extruded aluminum are preferred. Besides less expertise and time needed in the process, these parts require less maintenance and are resistant to corrosion and any easy damage. Wind speeds of 150 Kmph/hr can also be easily handled by these heat-treated alloys.  

Partnering change

As governments across the world are gearing up to address the challenges of climate change through renewable energy, solar power has managed to establish itself as an important source of green power and as a partner in making this happen, the aluminum sector is all set to develop, expand and increase the solar sector’s output. Having set an ambitious target of 450 GW of renewable energy, India holds the ranking of being 5th in solar and 4th in wind energy is making forward strides in its renewable energy mission. The potential that aluminum offers, makes an ambitious solar target look achievable.

According to the World Bank, aluminum is the singular metal that is both high on impact and cross-cutting across all potential clean power technologies in the green energy revolution that is underway. With a production capacity of 4.1 MTPA, the Indian aluminum sector is more than equipped to meet the local demand for this green energy revolution. Downstream manufacturers have invested in R&D and innovation which is the key to developing various new-age high-performance aluminum alloys to meet the requirements of various industries without having to depend on imports.  

For downstream producers opportunities in the Indian solar industry are immense. Given the technical abilities that they possess, players in the Indian solar space are more than keen to partner. The domestic solar energy industry expects materials that are at par with global quality standards, access to R&D facilities, and ensures that products and applications, both new and technology re-engineered specifically for the solar industry are made available at a cost that is easy on the pocket.  

For India, the abundant availability of sun rays makes it the most secure of all energy sources that propel the solar industry. Both in India and the rest of the world, aluminum, holds massive economic promise for the solar industry. It is an excellent opportunity for Indian downstream aluminum manufacturers to grow in stature and take the industry to newer economic heights. As aluminum fast tracks the Indian solar industry, the downstream sector’s domestic production story will not only meet our solar energy targets but also fuel the sector’s vision of becoming a global manufacturing hub in aluminum used for solar energy components.

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