ETFGI: Retail and high net investors in India own nearly half of the assets invested in Gold ETFs

ETFGI: Retail and high net investors in India own nearly half of the assets invested in Gold ETFs

25 oktober 2023

ETF's India Goud
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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.

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).

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.

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