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AMFI data shows that individual investors account for 48% of the total AUM of gold ETFs.
Of the total AUM of Rs.31,000 crore in gold ETFs in March 2024, Rs.15,000 crore has come from individual investors. Such a contribution was 47% or Rs.11,000 crore in March 2023.
Within individual AUM in gold ETFs, 80% of the assets has come from HNIs who contribute AUM of Rs.11,700 crore.
Retail investors have AUM of Rs.3,200 crore in gold ETFs.
In one year, the AUM of gold ETFs went up by 36% from Rs.23,000 crore to Rs.31,000 crore.
Let's look at the table to know more:
|
Gold ETF |
Total AUM Rs.31,000 crore |
|
Gold ETF |
Total AUM Rs.23,000 crore |
|
|
|
Investor Type |
AUM in crores |
% to Total |
Investor Type |
AUM in crores |
% to Total |
|
|
High Networth |
11,737 |
38% |
High Networth |
8,415 |
36% |
|
|
Retail |
3,189 |
10% |
Retail |
2,534 |
11% |
|
|
Total |
14,925 |
48% |
Total |
10,949 |
47% |
MFD Sandeep Baravkar from SRS Financial Services believes that HNI investors are aware of gold ETFs. “HNIs understand the basic concept of investments like asset allocation. Hence, they regularly invest in gold ETFs with higher amount. On the other hand, retail investors often prefer physical gold over gold ETFs.”
Mumbai MFD Ronak Shah said that many HNIs invest in gold ETFs to benefit from volatility in equity markets. “Gold is considered as hedge against inflation. Whenever market goes down or inflation rises, gold prices go up. Many HNIs know this and invest regularly in gold ETFs,” he said.
Considering the growing popularity of gold ETFs and passive funds, Cafemutual will host Cafemutual Passives conference on May 10 at Taj Santacruz, Mumbai.
Themed ‘Time to take an active look’, the conference has an exciting line-up of over 20 esteemed speakers who will help you identify and understand the latest trends in the passives.
To be a part of the Cafemutual Passives Conference, register now by clicking here.
