Silver ETFs, also known as exchange-traded funds, are gaining popularity with investors as an investment option. The launch of this ETF took place in 2022. The assets under management (AUM) of silver ETFs have quadrupled in the past year, which is the explanation for this.
Has the capacity to address both domestic inflationary pressures and geopolitical uncertainty
ICRA analysts have stated that silver, being a precious metal, has the capacity to address both domestic inflationary pressures and geopolitical uncertainty. The growing allure of silver ETFs is the cause for the increased interest from investors. Inform us about the growth in the assets under management of silver ETFs over the past year and the amount of investment that has been put into them during this time.
The assets under management of the silver ETF reached a total of Rs 12,331 crore. The amount totaled Rs 2,844.76 crore during October of the year 2024. Simultaneously, silver ETFs’ AUM surged by 215 percent by October 2023. 1.42 lakh additional silver ETF folios were recorded over the span of a year. Following that, the overall folio rose to 447,000.
Silver ETF Folios reached Rs 643.10 crore
In October 2024, the investment in Silver ETF Folios reached Rs 643.10 crore. In the past year, there has been a 24 percent increase in investments in silver ETFs. The silver ETF yielded 7.57 percent in a month, 16.02 percent in three months, 20.25 percent in six months, and 32.49 percent in a year. Silver ETFs have performed better than gold ETFs over different periods in the last year.
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