Comments
Exchange-traded funds (ETFs) tracking the benchmark Nifty 50 index have crossed the ₹10,000-crore mark in AUM. There are 13 India-listed ETFs tracking the index.
An ETF is a listed investment product whose value is derived from its underlying securities, such as stocks, commodities or bonds. The Nifty 50 ETFs, for instance, hold the 50 Nifty stocks in exactly the same ratio as the index, hence delivering the same return as the index.
‘Catching up’ “India is catching up with the global trend in the ETF segment, where the ETF industry is worth $3.2 trillion as on June 30… We are pleased to see a surge in investors’ interests in ETF products,” said Chitra Ramkrishna, MD & CEO, NSE.
A total of 35 out of 45 equity ETFs traded in India are benchmarked to the Nifty family of indices which shows the widespread acceptability of Nifty indices, the exchange said in a press release.
Today, Nifty 50 has the highest number of India-focused ETFs outside India. “India-specific products tracking Nifty indices are very popular among global investors. In the past one year, we have seen very strong demand for Nifty 50-based products in Asian countries, including Korea, Taiwan, Japan and Hong Kong,” said Mukesh Agarwal, CEO of IISL, an NSE group company.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.