Nippon India Mutual Fund accounts for over half of Akshaya Tritiya gold, silver ETF volumes

Nippon India Mutual Fund accounts for over half of Akshaya Tritiya gold, silver ETF volumes


Nippon India Mutual Fund recorded a majority share of trading volumes in gold and silver exchange-traded funds (ETFs) during Akshaya Tritiya, according to data compiled from Bloomberg, company filings, and the National Stock Exchange.

The fund house reported combined volumes of ₹1,118 crore across its gold and silver ETFs on the day, accounting for about 51% of the total industry volume in the segment.

The trend mirrors activity seen during other festive periods. During Diwali 2025, the fund house recorded ₹1,887 crore in combined average daily turnover in its gold and silver ETFs, representing a 57.6% share of industry volumes.

Liquidity metrics remained a key differentiator. The impact cost for Nippon India ETF Gold BeES stood at 2 basis points, compared with an industry average of 17 basis points excluding Nippon India. Similarly, Nippon India Silver ETF reported an impact cost of 6 basis points versus an industry average of 15 basis points.

A senior spokesperson at the fund house said that liquidity plays a critical role in ETF investing, particularly for large transactions, as it can influence transaction costs and tracking efficiency.

For the full financial year 2025–26, Nippon India Mutual Fund accounted for around 52% of the industry’s average daily trading volume in gold and silver ETFs, the data showed.

The fund house also reported having 1.8 crore ETF investors as of March 2026, representing roughly 45% of the total ETF investor base in the country.



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