Retail and high net investors in India own nearly half of the assets invested in Gold ETFs
London - (ETFGI) October 25, 2023 – In India, as of June 30, 2023, nearly half of the assets invested in gold ETFs are held by high-net-worth and retail investors, source Association of Mutual Funds in India.
Fifty-one thousand high-net-worth investor portfolios reported hold 36.44% of the US$ 2.72 billion invested in Gold ETFs. In 2019 there just 20,070 high-net-worth investor portfolios that reported holding a Gold ETF. A high-net-worth investor is defined by SEBI as an individual that invests more than 2 lakhs or US$3,288.12 when they make a transaction.
There are more than 4.7 million retail investor portfolios that hold 11.62% of the US$ 2.72 billion invested in Gold ETFs. The number of retail investor portfolios reporting holding gold ETFs in 2019 was just 304,500.
There are 8,963 corporations that reported holding US$ 1.41 billion or 51.94% of the assets.
Association of Mutual Funds in India
Corporates account for 90.47% of the US$ 65.64 billion invested in ETFs (other than gold). Over 12 million retail and high-net-worth investor portfolios account 8.61% of the assets and 99.54% of the portfolios that invest in ETFs (other than gold). In 2019 there were less than 900,000 retail and high-net-worth investor portfolios that reported holding ETFs (other than gold).
Association of Mutual Funds in India
At the end of June 2023, the ETF industry in India had 177 ETFs, with 177 listings, assets of US$69 Bn, from 19 providers listed on 2 exchanges, source ETFGI. During June, the ETFs industry in India gathered net inflows of US$1.33 Bn. Equity ETFs gathered the largest net inflows with US$1.27 Bn, followed by fixed income ETFs with US$50 Mn, and commodity ETFs with US$9 Mn.
ETFs industry in India asset growth at end of June 2023
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