Silver ETFs, also known as exchange-traded funds, are gaining popularity as an investment option among investors. This ETF was launched in 2022. The assets under management (AUM) of silver ETFs have quadrupled over the past year, which explains this.
It has the potential to address both domestic inflationary pressures and geopolitical uncertainty.
ICRA analysts said silver, being a precious metal, has the potential to address both domestic inflationary pressures and geopolitical uncertainty. The growing appeal of silver ETFs is the reason for growing investor interest. Please tell us about the growth of silver ETF assets under management over the last year and the volume of investments in them during this time.
Assets under management of silver ETFs stood at Rs 12,331 crore. The total amount during October 2024 was Rs 2,844.76 crore. With this, the AUM of silver ETFs increased by 215 percent till October 2023. Additional 1.42 lakh silver ETF folios were registered in the period of one year. Subsequently, the total number of pages increased to 447,000.
Silver ETF portfolio reached Rs 643.10 crore
Investment in silver ETF folios reached Rs 643.10 crore in October 2024. In the last one year, investment in silver ETFs has increased by 24 percent. Silver ETF gave returns of 7.57 percent in one month, 16.02 percent in three months, 20.25 percent in six months and 32.49 percent in one year. Silver ETFs have outperformed gold ETFs at different periods in the past year. Description: Times Bull will not be responsible for any financial investment made anywhere at your own risk.
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