NSE INDIA · 315+ ETFs · 52-WEEK DATA
India's ETF Universe: Silver Triples, Gold Doubles, Liquid Stays Untouched
A comprehensive look at every NSE-listed Exchange Traded Fund — from ultra-safe Liquid ETFs that barely moved to Silver ETFs that surged over 300% in a single year. Here's what the 52-week range data reveals about Indian markets in 2025–26.
Every March, as the Indian financial year approaches its close, investors take stock of how the broader market has behaved. This year, the data from NSE's ETF universe tells a vivid story — one of precious metals on a tear, equity indices grinding steadily higher, and fixed-income instruments doing exactly what they're supposed to: staying calm.
We analysed 315 NSE-listed Exchange Traded Funds spanning 18 categories, comparing each ETF's 52-week high against its 52-week low. The resulting "price range percentage" is a simple but powerful signal: how much could you have made (or lost) had you timed your entry and exit perfectly? Here's the full breakdown.
01 · The Big Picture: 18 Categories, One Wild Year
The 315 ETFs in our dataset span everything from sovereign gold bonds and overnight liquid funds to Nasdaq-100 trackers and niche thematic plays on defence, railways, and EV adoption. Sorting them by average 52-week range reveals a clear hierarchy of volatility.
"Silver ETFs delivered the widest 52-week trading ranges of any category — averaging close to 300% spread between their annual lows and highs. Even the most conservative Silver ETF in the list posted a range above 300%."
02 · The Commodities Story: Silver Stole the Show; Gold Wasn't Far Behind
If you missed the commodity rally of 2025–26, the 52-week data makes for uncomfortable reading. Silver ETFs dominated the volatility rankings with virtually every Silver fund posting a range north of 300%. The top movers — SILVERBEES, SILVERADD, SILVER360, AXISILVER, and SILVERAG — all saw their prices swing by over 350% between their 52-week lows and highs.
The underlying driver was global: industrial demand for silver (particularly from solar panel manufacturing and EV batteries), combined with investor interest in precious metals as a dollar hedge, pushed silver prices sharply higher in calendar year 2025.
Top 10 Widest-Range ETFs (Excluding Newly-Listed Outliers)
| # | Symbol | Underlying | 52W High | 52W Low | Range % |
|---|---|---|---|---|---|
| 1 | SILVERBEES | Domestic Price of Silver | ₹360.00 | ₹77.55 | 364.2% |
| 2 | SILVERADD | DSP Silver ETF | ₹390.00 | ₹84.26 | 362.9% |
| 3 | SILVER360 | Commodity – Silver | ₹358.00 | ₹78.40 | 356.6% |
| 4 | AXISILVER | Axis Silver ETF | ₹390.01 | ₹86.48 | 351.0% |
| 5 | SILVERAG | Mirae Asset Silver ETF | ₹380.00 | ₹84.55 | 349.4% |
| 6 | SILVERBETA | UTI Silver ETF | ₹379.66 | ₹85.08 | 346.2% |
| 7 | ESILVER | Edelweiss Silver ETF | ₹375.00 | ₹86.27 | 334.7% |
| 8 | SBISILVER | SBI Silver ETF | ₹362.00 | ₹86.00 | 320.9% |
| 9 | SILVERIETF | ICICI Pru Silver ETF | ₹373.50 | ₹88.80 | 320.6% |
| 10 | MOSILVER | Motilal Oswal Silver ETF | ₹385.00 | ₹112.32 | 242.6% |
Gold ETFs, while less dramatic, also had an exceptional year. With 25 Gold funds tracked, the average 52-week range was approximately 108% — meaning the typical gold ETF had a price gap between its annual low and high that was more than double. Gold's bull run through late 2024 and into 2025 was well-documented, and Indian gold ETFs faithfully tracked domestic gold prices (which incorporate both international rates and the INR/USD exchange rate).
03 · Equity ETFs: Nifty 50 Trackers — 37 Funds, One Index, Very Different Prices
One of the more striking observations in the dataset is just how many funds track the same index. 37 ETFs track the Nifty 50 — from NIFTYBEES (Nippon India, the oldest and largest) to brand-new entrants from Zerodha, Bajaj Finserv, and Groww.
Because they all track the same underlying, their percentage range figures should be similar — and broadly, they are, ranging from around 18% to 32%. The wide disparity in absolute price (from ₹10.97 for NIFTYCASE to ₹3,150 for QNIFTY) reflects simply how each AMC has set its unit size, not any difference in performance.
| Symbol | AMC | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| NIFTYBEES | Nippon India | ₹302.25 | ₹231.30 | 30.7% |
| HDFCNIFTY | HDFC AMC | ₹301.88 | ₹240.55 | 25.5% |
| SETFNIF50 | SBI MF | ₹287.33 | ₹227.33 | 26.4% |
| NIFTYETF | Mirae Asset | ₹289.05 | ₹226.00 | 27.9% |
| AXISNIFTY | Axis MF | ₹296.38 | ₹236.80 | 25.2% |
| NIFTYBETF | Bajaj Finserv | ₹279.99 | ₹220.50 | 27.0% |
| NIFTYCASE | Zerodha | ₹10.97 | ₹9.07 | 20.9% |
| ENIFTY | Edelweiss | ₹27.22 | ₹23.07 | 18.0% |
The Midcap category was notably the most volatile equity segment, with an average range of 92% across 18 ETFs. This reflects the higher beta nature of mid-cap stocks — they fall harder in downturns and recover more sharply in bull phases. If the Nifty 50 moved ~25–30% from trough to peak, mid-caps moved roughly three times as much.
04 · Banking & Financials: PSU Banks — The Volatile Cousins
India's banking sector saw its ETFs post an average range of 81.9% — healthy, but with an important split inside the numbers. Private bank ETFs were steadier (typically 25–35% range), while PSU bank ETFs were far wilder, averaging 75.6% across 7 funds.
PSU banks are heavily influenced by budget announcements, government capital infusion decisions, and NPA (non-performing asset) resolution cycles. The 2025 Union Budget's focus on infrastructure lending, combined with improving asset quality at state-owned lenders, created a sharp re-rating upward — reflected in PSUBANK (Kotak) touching ₹1,010 against a 52-week low of ₹572.
| Symbol | Bank Type | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| PSUBANK | PSU Bank (Kotak) | ₹1,010 | ₹572.19 | 76.5% |
| BANKPSU | PSU Bank (Mirae) | ₹99.52 | ₹57.28 | 73.7% |
| HDFCPSUBK | PSU Bank (HDFC) | ₹101.25 | ₹57.01 | 77.6% |
| BANKBEES | Pvt + PSU Mix (Nippon) | ₹638.99 | ₹491.50 | 30.0% |
| AXISBNKETF | Nifty Bank (Axis) | ₹647.82 | ₹485.00 | 33.6% |
| HDFCNIFBAN | Nifty Bank (HDFC) | ₹65.54 | ₹48.51 | 35.1% |
05 · IT & Technology: Steady Outperformers, Not Wild Riders
India's IT sector ETFs had a more measured year compared to commodities or PSU banks. With an average 52-week range of 48.7% across 11 funds, they delivered solid absolute movement without the drama of cyclical or commodity plays.
The sector benefited from resilient US tech spending (India's IT majors are heavily US-dependent), a weak rupee boosting dollar earnings when converted, and the global AI adoption wave that lifted the valuations of IT services companies involved in cloud migration and data projects.
| Symbol | AMC | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| SBIETFIT | SBI MF | ₹439.27 | ₹311.30 | 41.1% |
| AXISTECETF | Axis MF | ₹439.67 | ₹310.10 | 41.8% |
| ITBEES | Nippon India | ₹44.27 | ₹31.25 | 41.6% |
| ITETF | Mirae Asset | ₹42.02 | ₹29.78 | 41.1% |
| ITIETF | ICICI Pru | ₹44.30 | ₹31.24 | 41.8% |
06 · International ETFs: Nasdaq & FANG+ — Riding the Global AI Wave
India's four international equity ETFs — tracking the Nasdaq-100, FANG+, S&P 500 Top 50, and Hang Seng Tech — averaged a 72.6% range, making them the fourth most volatile category overall. Notably, MAFANG (Mirae Asset's NYSE FANG+ ETF) saw its price move between ₹100 and ₹178.78, a range of 78.8%, driven by the extraordinary performance of US mega-cap technology names.
| Symbol | Index Tracked | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| MAFANG | NYSE FANG+ TR Index | ₹178.78 | ₹100.00 | 78.8% |
| MON100 | Nasdaq-100 | ₹258.80 | ₹159.30 | 62.5% |
| MASPTOP50 | S&P 500 Top 50 | ₹73.13 | ₹40.86 | 79.0% |
| MAHKTECH | Hang Seng Tech TR | ₹35.59 | ₹17.56 | 102.7% |
MAHKTECH's Hang Seng Tech performance — a 102.7% range — reflects Hong Kong's market volatility rather than Indian conditions. For retail investors, these international ETFs offer rupee-denominated exposure to global growth stories without the complexity of a Liberalised Remittance Scheme (LRS) transfer.
07 · The Safe Harbours: Debt, Gilt & Liquid — Doing Their Job
Not every ETF is meant to excite. Liquid ETFs and Overnight ETFs serve a completely different purpose: parking surplus cash with minimal risk, earning slightly better than a savings account while staying highly liquid. And in 2025–26, they delivered exactly that.
The 17 Liquid ETFs in our dataset averaged a range of just 8.9% — with the tightest being LIQUIDETF (DSP) at a mere 2.2%. These ETFs track the Nifty 1D Rate Index (essentially overnight repo rate returns), and their price moves are dominated by the daily accretion of interest, not market price swings.
| Symbol | AMC | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| LIQUIDETF | DSP MF | ₹1,002 | ₹980.55 | 2.2% |
| LIQUID | Mirae Asset | ₹1,024.98 | ₹995.00 | 3.0% |
| ELIQUID | Edelweiss | ₹1,043 | ₹996.00 | 4.7% |
| LIQUIDBEES | Nippon India | ₹1,029.99 | ₹970.00 | 6.2% |
| LIQUIDIETF | ICICI Pru | ₹1,029.99 | ₹969.99 | 6.2% |
| HDFCLIQUID | HDFC AMC | ₹1,052.96 | ₹990.00 | 6.4% |
08 · Thematic ETFs: Defence, EV, Digital India — Niche but Notable
Among the thematic and sectoral ETFs, the Defence category stands out — three ETFs (GROWWDEFNC, MODEFENCE, DEFENCE by Mirae) averaged a range of 51.7%, fuelled by record government defence spending, "Make in India" policies, and rising exports from HAL, BEL, and Bharat Forge.
EV and Digital ETFs also showed interesting movement, tracking indices built around India's electric vehicle transition and digital economy themes. While still relatively small in AUM, these funds offer a way to play structural growth themes without picking individual stocks.
| Symbol | Theme | 52W High | 52W Low | Range % |
|---|---|---|---|---|
| GROWWDEFNC | India Defence | ₹93.89 | ₹54.60 | 71.9% |
| MODEFENCE | Nifty India Defence | ₹102.00 | ₹60.17 | 69.5% |
| DEFENCE | BSE India Defence | ₹72.00 | ₹63.31 | 13.7% |
| GROWWEV | Nifty EV & New Age Auto | ₹32.38 | ₹23.00 | 40.8% |
| TNIDETF | Nifty India Digital | ₹103.26 | ₹75.04 | 37.6% |
| SELECTIPO | BSE Select IPO | ₹57.75 | ₹35.40 | 63.1% |
09 · Key Takeaways: What This Data Tells Investors
The 52-week range data, read carefully, offers several useful signals beyond just "which ETF moved the most":
1. Silver is the new gold — literally
Silver ETFs outperformed gold ETFs by a wide margin in terms of price movement. For investors comfortable with higher volatility, silver ETFs offered far wider trading ranges. The catch: silver's industrial demand link makes it more cyclically sensitive than gold.
2. AMC choice matters less than category choice for index ETFs
For Nifty 50, Nifty Bank, or Sensex trackers, nearly all ETFs tracking the same index produced similar range percentages. The differences are marginal. Focus on expense ratio and daily liquidity (bid-ask spread) rather than which AMC's name is on the label.
3. Liquid ETFs are not "boring" — they're essential
A 2–6% range might sound unimpressive next to 300%+ silver swings. But liquid ETFs are critical portfolio tools: they keep idle cash earning, allow same-day liquidity, and act as a cushion during equity drawdowns. Every portfolio needs some allocation here.
4. Mid-caps are the sweet spot for growth-oriented investors
With a 92% average range, midcap ETFs delivered nearly double the movement of large-cap Nifty 50 funds, while still offering the diversification of an index fund. The downside: they also fall harder. These are appropriate for 5+ year horizons with a higher risk tolerance.
5. Watch the newly launched ETFs
Several ETFs in the dataset showed extreme range figures because they were listed mid-year at a new unit price. When a fund launches at ₹10 and grows to ₹130 over 12 months, the percentage range looks astronomical but doesn't represent a single investor's return. Always cross-check listing date before interpreting range data for newer schemes.
"An ETF's 52-week range is a measure of opportunity — not a promise. The investor who bought SILVERBEES at ₹77.55 and sold at ₹360 earned 364%. The investor who bought at ₹360 and held is in a very different position."
