Within one-and-a-half year since its introduction by the markets regulator the Securities and Exchange Board of India (SEBI), silver exchange-traded funds (ETFs) have gained popularity among investors.
Silver ETFs have gainedan asset base of nearly ₹1,800 crore till March 2023 within one and half years of the introduction of the product by Sebi.
The industry has seven silver ETFs with assets under management (AUM) of Rs 1,792 crore as of March 2023, as per the data of the Association of Mutual Funds in India (AMFI).
Some of the contributing factors include the rise in prices of silver prices, which have jumped to about 7% so far in 2023.
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