With the introduction of norms for silver ETFs, investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday
The move will make it convenient for investors to have an exposure to such commodity in a transparent manner
Currently, MFs offer only gold-based ETFs in the commodity space. Silver ETFs will have similar safeguards as that in the existing regulatory mechanism for Gold ETFs
The markets regulator has amended rules to introduce the exchange traded funds
Globally, there are at least four silver ETFs with AUM of more than $1 billion. iShares Silver Trust, the world's biggest silver ETF, has AUM of over $12 billion.
Sebi's decision to introduce silver exchange-traded funds will bring in another investible commodity for retail investors looking for investment exposure to the metal as an asset class, experts said
Markets regulator Sebi has decided to tweak the criteria for determining 'Fit and Proper Person' and given its approval for the launch of silver exchange-traded funds (ETFs) in the country
At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver
In global markets ETFs are based on equities, commodities and metals but in India these funds are based on equity and gold only
Demand cut in STT and other income tax concessions