Mumbai, March 15 (IANS). In the last three years, investors have increased interest in silver exchange-traded funds (ETFs). According to a latest report on Saturday, the assets (AUMs) under ETF management crossed Rs 13,500 crore by January 2025.
The latest data released by the Zerodha Fund House suggests that there are currently 12 silver ETFs in the Indian market, with more than six lakh investor folios.
Since the Securities and Exchange Board of India (SEBI) has allowed asset management companies to launch ETFs in November 2021, there has been a great increase in the ETF of precious metal ETFs in India.
Vaibhav Jalan, CBO of Jirodha Fund House, said, “The amount of Silver ETFs shows the increasing interest of investors.”
He said that these ETFs provide the option of physical silver Honorship. At the same time, storage, security and insurance related concerns clarify the situation regarding the price of silver.
This bounce in interest reflects the increasing demand for silver as an investment option.
Investors are rapidly looking for ways to diversify their portfolio, and Silver ETFs provide a convenient and trouble -free way to expose this precious metal.
Since 2021, silver demand has surpassed its supply. Silver also plays an important role in different industries.
It is used in solar energy, automotive manufacturing, digital photography and jewelery.
Silver thermal properties and the ability to do not rust make it a favorite material for industrial manufacturing and fabrication.
According to ‘The Silver Institute’ estimates, the global industrial demand for silver has increased by more than 55 percent.
This growth has been observed due to its increasing application in areas such as automotive, technology, pharmaceuticals and solar energy.
The report said that the industry is dependent on silver, so the attraction towards it has increased.
Vishal Jain, CEO of Jirodha Fund House, said, “Silver has the ability to play an important role in both the investment portfolio and modern industries.”
He said that silver ETF is a valuable tool to diversify someone’s portfolio and take advantage of unique features of metal.
-IANS
SKT/KR
