Best Copper ETFs in India 2026

Copper is at the centre of the global energy shift. From electric vehicles to renewable power grids, demand is steadily increasing. That is why many investors are now searching for the best copper ETFs for their investment strategy.

Instead of selecting individual copper stocks, you can select an ETF which will offer you better diversification. This is where you will be in a position to manage your portfolio well. But before you start with the copper ETF list, you need to know what it is.

So, let us find everything you need about the copper ETF here in this guide.

What Is a Copper ETFs?

Before you shortlist the best copper ETFs, it helps to understand what you are actually investing in. A copper ETF is an exchange-traded fund that gives you exposure to copper through the stock market. You buy and sell it like a regular share, but its value is linked to copper prices or copper-related companies.

In simple terms, it is a structured way to participate in copper investing without buying physical metal or trading complex commodity contracts.

A Copper ETF generally follows one of these models:

• Commodity based Copper ETF: These track copper prices using futures contracts. Their returns largely depend on how copper prices move in the market.
• Copper mining stock ETF: These invest in a basket of copper mining stocks. Here, performance depends on both copper prices and how efficiently those companies operate in their business.

When you review a copper ETF list, you will notice this distinction clearly. For many investors, a copper ETF offers diversification and ease of access compared to selecting individual copper mining stocks. It makes copper investing more practical and manageable.

Read Also: Best Copper Stocks in India

Features of a Copper ETFs

A Copper ETF is built to offer structured exposure to the copper theme without the complexity of commodity trading. It combines accessibility with market linkage, which makes it suitable for retail as well as seasoned investors.

• Trades on the stock exchange like a regular share.
• Provides exposure to copper prices or copper mining stocks.
• Offers diversification through a basket of assets.
• Has transparent, real-time pricing during market hours.
• Requires a lower entry amount compared to direct commodity trading.
• Can be purchased through a standard brokerage account.

Pros of Investing in a Copper ETFs

Many investors consider the best copper ETFs because they simplify copper investing while maintaining liquidity and flexibility.

• Offers easy access to the copper growth theme.
• Eliminates the need to store or manage physical copper.
• Reduces risk compared to investing in single copper mining stocks.
• Provides liquidity, especially in globally listed ETFs.
• Suitable for tactical as well as long-term allocation.

Cons of Investing in a Copper ETFs

Like any market-linked instrument, a copper ETF comes with certain trade-offs that should be understood clearly.

• Prices can be highly volatile during economic slowdowns.
• Futures-based ETFs may face rollover costs.
• Mining stock ETFs carry company-specific risks.
• Performance depends on global demand and supply cycles.
• International Copper ETF investments may involve currency risk.

Read Also: Best Performing Precious Metals ETFs

Copper ETF List in India to Invest in

If you are searching for the best copper ETFs in India, here is the reality. There is currently no Copper ETF in India that is solely focused on copper.

Indian investors can only get indirect exposure through broader metal or commodity ETFs. That means your copper investing exposure will always be mixed with steel, aluminium, energy, or other commodity stocks.

Here are the two closest options available.

1. Mirae Asset Nifty Metal ETF

This is one of the closest available options if you want indirect copper exposure. It is an open-ended ETF that tracks the Nifty Metal Total Return Index (TRI) and passively invests in metal and mining companies listed on the NSE.

Key Fund Details

NAV (INR)	AUM (INR Cr.)	52-Week High	52-Week Low	Expense Ratio
12.12	411.15	12.85	7.73	0.32%

Portfolio and Copper Exposure

The ETF holds 15 stocks from the Indian metals and mining sector. These include companies engaged in the extraction, processing, and distribution. These are the companies that deal in iron ore, steel, aluminium, zinc, and copper.

Copper exposure mainly comes from:

• Hindustan Copper
• Hindalco Industries
• Vedanta

However, a significant portion of the portfolio is allocated to steel companies such as Tata Steel and JSW Steel. This means the fund is more of a metals cycle play rather than a focused copper investing vehicle.

Investment Strategy

The fund follows a passive approach. It invests in stocks in the same weight as the Nifty Metal TRI. The aim is to minimize tracking error through regular rebalancing. A small portion may be invested in debt or money market instruments to manage liquidity.

2. ICICI Prudential Nifty Commodities ETF

The ICICI Prudential Nifty Commodities ETF is a sector thematic ETF designed for long-term wealth creation. It tracks the Nifty Commodities TRI. This gives investors exposure to commodity-linked companies. These are across metals, energy, power, cement, and chemicals. While it includes copper-linked companies, it is a broader commodity play rather than a focused metals strategy.

Key Fund Details

NAV (INR)	AUM (INR Cr.)	52-Week High	52-Week Low	Expense Ratio
101.29	125	103.99	75.61	0.30%

Portfolio and Copper Exposure

The ETF holds companies across commodity-driven sectors such as metals, oil and gas, power, cement, and chemicals. It is broader than a pure metals fund and spreads allocation across multiple industries.

Copper exposure mainly comes from:

• Hindalco Industries
• Vedanta

However, a large share of the portfolio is allocated to energy. Some of the notable names are like Reliance Industries, ONGC, and NTPC. Some other companies are like Tata Steel and UltraTech Cement. This is why this is one of the finest options for well-defined diversification.

Investment Strategy

The fund follows a passive strategy and replicates the Nifty Commodities TRI. It invests in index constituents in similar weight proportions and rebalances periodically to reduce tracking error. The objective is to deliver index-linked returns before expenses.

How Copper ETFs Work

A Copper ETF gives you exposure to the copper theme through a simple exchange-traded structure. You do not buy physical copper. But you actually buy a fund that follow copper. So, here is what you need to know about how it works.

Step 1: The ETF Tracks a Defined Benchmark

Every Copper ETF is linked to a benchmark. This could be a copper futures index, a copper mining stock index, or a broader metals index. The fund’s goal is to replicate that benchmark as closely as possible.

Step 2: The Fund Holds Underlying Assets

Depending on its structure, the ETF holds either copper futures contracts or shares of copper mining companies. In futures-based ETFs, returns depend directly on copper price movements. In equity-based ETFs, returns depend on company earnings along with copper prices.

Step 3: Units Are Created and Traded on Exchange

ETF units are listed on the stock exchange. Large institutions create units in bulk, and investors buy or sell those units during market hours. Prices fluctuate based on demand and supply. But there are other factors that impact the value of underlying holdings.

Step 4: Returns Reflect Market Movements

Now, there are factors that will impact the ETF prices as well. Now, say the copper prices rise. Then the futures-based ETFs tend to benefit. If copper mining companies report strong earnings, equity-based ETFs may move higher. And if there is any slowdown, you will find the same impact on the ETF as well. 

Step 5: Periodic Rebalancing Keeps It Aligned

Since index weights change over time, the ETF periodically rebalances its portfolio. This helps maintain alignment with the benchmark and reduces tracking error.

In simple terms, a Copper ETF works transparently in the exchange making it a perfect option for investors. 

Read Also: List of Best Commodity ETFs in India

Who Should Invest in a Copper ETF?

A Copper ETF works best as a strategic allocation. So, you should invest in this if you are:

• Looking for long-term investment tenure and growth.
• Seeking diversification with stability.
• Comfortable with short-term price swings and cyclical downturns.
• Thematic investors with broad index exposure.

It may not suit conservative investors seeking stable returns or low-risk income-focused strategies.

Conclusion

Copper remains a critical metal for infrastructure, renewable energy, and electric vehicles. This is one of the reasons why people are seeking to invest in the same. But for proper investment, you need guidance and support that can ensure your money grows. This is where you would need the expert support and guidance to start with. 

Register with Pocketful for this. Get access to the tools and guidance you need to invest right and soon enough, you will build a strong portfolio.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	Small-Cap ETFs to Invest in India
2	Best Energy ETFs in India
3	Best Silver ETFs in India
4	List of Best Gold ETFs in India
5	Best Debt ETFs to Invest in India
6	Top Nifty Metal ETFs in India
7	Best Index ETFs in India
8	Best Metal Stocks in India
9	Best Banking ETFs in India
10	Why Are Copper Share Prices Rising in 2026?