Exchange-traded funds (ETFs) witnessed a sharp rise in subscriptions in October, with net investments totaling ₹13,441 crore, compared to ₹381 crore in the previous month, according to data from the Association of Mutual Funds in India (Amfi).
While most of the inflows into ETFs have traditionally come from institutional investors such as the Employees' Provident Fund Organisation (EPFO), they are also gaining traction among retail investors.
"While some flows can be attributed to a few large provident, pension and institutional funds, we are witnessing wider participation from all types of investors. ETFs account for roughly 17 per cent of the total assets under management (AUM) of the mutual fund industry with over 2.35 crore investor folios," says Arun Sundaresan, head ETF, Nippon India Mutual Fund.
Exposure to array of indices ETFs, which are listed on the exchanges, nowadays offer exposure to an array of indices.
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Denne historien er fra November 23, 2024-utgaven av Business Standard.
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