Investors trading in ETFs double in 2020, average daily turnover up 15%

Fund houses launched 14 ETFs and 5 index funds garnering assets in excess of Rs 11,600 crore last year

The number of investors trading in exchange traded funds (ETFs) rose to 3.22 million investors in calendar year 2020, a surge of 98 per cent from the figure of 1.62 million investors in the previous year.

Average daily turnover stood at Rs 241 crore for the year, a 15 per cent increase over the year-ago period, data collated from NSE shows. Over the last five years, the turnover has risen over 3.5 times.

Assets under management of ETFs (excluding gold ETFs) stood at Rs 2.56 trillion at end of December last year. The figure stood at Rs 70,353 crore, implying