AMCs such as ICICI Prudential, Aditya Birla, and Nippon have rolled out their silver ETFs and fund of funds (FoFs) variants to cater to investors both with and without a Demat account. Some fund houses like DSP, HDFC, and Mirae Asset have filed their offer documents for silver ETFs with SEBI.
SEBI laid out the operating procedures for silver ETFs in November 2021. These schemes have to invest at least 95 per cent of their net assets in physical silver and silver related instruments (including derivatives subject to a maximum of 10 per cent). Before the advent of silver ETFs, one could only buy silver in the physical form or trade-in its futures on the commodity exchanges.
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'Since Sahi Hai drive launch, industry has grown over twofold'
The AMC’s marketing and corporate communication head also lauds MFCentral and MF Utility
'Earlier, not many knew of mutual funds; now SIP is a verb'
The CMO also explains how 4G, fintechs have elevated mutual funds’ reach
'MFCentral is the most impressive of online platforms'
Shah says though passive funds are growing, there’s a long road ahead
'Fintechs are driving mass financial inclusion'
Shah also lauds the pace at which distributors have embraced technology
'A Maldives tour guide knew of the Mutual Fund Sahi Hai drive'
Interaction with Edelweiss’s senior VP and head of products and marketing
'More distributors will come to MFCentral, MF Utility'
Goyal feels they can grow their business five times, 10 times with tech
'The size of passive funds has grown 36 per cent in a year'
Parija explains how mutual funds have gained traction
Tomorrow, and tomorrow, and tomorrow...
There are a total of about 1.1 lakh crores of rupees invested in India’s mutual funds and the number of investors is now about 12 crore
