Aditya Birla Sun Life Silver ETF is an exchange-traded fund that seeks to generate returns aligned with the performance of physical silver based on domestic prices, subject to tracking error. Launched in 2022, this ETF provides investors with convenient exposure to silver prices without the need to purchase, store, or insure physical bullion, as the fund holds physical silver in secure vaults managed by custodians. It tracks the domestic price of silver as its benchmark, offering a liquid and accessible way to participate in the precious metals market through stock exchange trading, similar to shares, requiring a demat and trading account. The ETF primarily invests in physical silver to mirror spot price movements, making its net asset value directly responsive to silver market fluctuations. Classified in the precious metals sector, Aditya Birla Sun Life Silver ETF serves as a hedge against inflation and a diversification tool within portfolios, catering to investors interested in commodities. Managed by Aditya Birla Sun Life Mutual Fund, it emphasizes low tracking error to closely replicate silver's price performance in the Indian market.