In the past five years ETFs have seen their assets under management (AUM) jump more than 30-fold to Rs 1.47 lakh crore
In the previous quarter, the net outflow from offshore funds and ETFs was $941 million.
At its core, an index is nothing but a portfolio of stocks (or other securities), created to serve as a gauge to a particular part of the market.
Gold ETFs witnessed a net infusion of Rs 44.11 crore in September and Rs 145.29 crore in August, the first inflow since November last year, when Rs 10 crore was infused in such instruments.
Sovereign Gold Bonds offer a better alternative to physical gold with tax-free interest and carry no purity risk
The existing leadership and the investment management teams staying back is a positive signal for continuity
In April, gold ETFs AUM stood at Rs 4,594.06 crore and rose to Rs 4,606.69 crore in May.
Market is eagerly looking forward to some sort of stimulus by the government to kick-start growth, without which it would be difficult for corporates to report sustainable growth.
Last Friday, 357 stocks touched new 52-week lows
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
NDIA tracks India's Nifty 50 Index, which holds the country's fifty-biggest companies listed on the National Stock Exchange (NSE), it said.
The ETF will invest directly in a diversified portfolio of high-quality Indian companies.
Deliberately capping a sector in the index will create trust issues. That said, the free-float market capitalisation criterion is also not perfect and a rethink is due.
The official further said the ETF route would bring back investor confidence in the banking stocks.
The scheme can offer a low-cost avenue to take exposure to some of the good names in public sector space at beaten-down valuations.
The purpose of an index fund is lost if it does not follow the index.
The debt CPSE ETF could be either open-ended or closed-end ETF. Exact details will be known soon
The chosen AMC will have to launch and manage the debt fund, in collaboration with the government and an external advisor
The outflow razed the assets under management of gold funds to Rs 4,385 crore at the end of November
Smart beta ETFs aim to bridge the gap between active and passive funds. But only smart investors are drawn to it, for now.
The index is currently trading at 4,780 and chances of heading towards 5,200 are bright
"The subscription CPSE ETF FFO-3 will commence from Wednesday, November 28, till Friday November 30, on BiMF (BSE iBBS Platform for Mutual Fund) module on iBBS platform of BSE," the exchange said in a circular.
In comparison, 14 gold-linked ETFs had witnessed a withdrawal of Rs 388 crore in the first half of 2017-18, latest data with industry body Amfi showed.
As per the current outlook of the bearish market, passive funds are snatching the limelight.
The plan will help the government meet its FY19’s divestment target of Rs 80,000 crore