Aditya Birla Sun Life Silver ETF FOF-Direct Growth

Aditya Birla Sun Life Silver ETF FOF-Direct Growth ranks among the stronger performers in the Silver category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 81/100.

Cost: At 0.32%, the expense ratio runs 19% above the Silver category average of 0.27%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.4 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, with 61.9% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Commodities fund.