Key Points
Silver exchange-traded funds (ETFs) are gradually gaining popularity as an asset class among investors..
According to data from the NSE, as of March 31, the total assets under management (AUM) for silver ETFs stood at Rs 1,792 crore...
Silver ETFs have been in the market for just over a year, with the first one launched by ICICI Prudential Mutual Fund, the ICICI Prudential Silver ETF, in January 2022...
Usually, ones ideal asset allocation consists of 5-10% in gold or silver, and silver ETFs have given 18-20% returns, which beats fixed income by quite a margin, said Manish Mehta, head of sales and marketing, Kotak Mutual Fund.. Securities and Exchange Board of India gave fund houses the green light to launch silver ETFs in September 2021, keeping in mind the rising demand for silver..
The two largest silver ETFs are ICICI Prudential Silver ETF and Nippon India Silver ETF, with net assets of Rs 699 crore and Rs 698 crore, respectively, as of May 11...
