Two years after the launch of the first mutual fund (MF) offering, silver exchange-traded funds (ETFs) are gaining greater traction. The assets under management (AUM) of the eight ETFs offered by various fund houses crossed the ₹5,000 crore mark in April amid a rally in silver prices.
Last month, the AUM of gold ETFs offered by domestic MFs topped 31,000 crore for the first time. Inflows into silver ETFs have been elevated since the start of the calendar year 2024. During JanuaryMarch 2024, the garnered net inflows of over 1,500 crore compared to around 1,300 crore inflow in the previous nine months of 2023-24 shows data from the Association of Mutual Funds in India.
Back-of-the-envelope calculations based on April 25 AUM disclosures show an inflow of around ₹650 crore in April. Likewise, inflows into gold ETFs a more established offering have averaged 550 crore over the past nine months.
Denne historien er fra April 30, 2024-utgaven av Business Standard.
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Denne historien er fra April 30, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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