ETF Industry

Retirement fund body EPFO has invested Rs 34,207.93 crore in exchange traded funds (ETFs) during the April-October period this fiscal year, Parliament was informed on Monday. According to a written reply to Lok Sabha by Minister of State for Labour & Employment Shobha Karandlaje, the Employees' Provident Fund Organisation (EPFO) had invested Rs 57,184.24 crore in the ETFs. The total corpus of various funds managed by EPFO was Rs 24.75 lakh crore as on March 31, 2024, including debt investments of Rs 22,40,922.30 crore and Rs 2,34,921.49 crore in ETFs. The minister told the House that the EPFO does not invest directly in any of the individual stocks in the equity market. The EPFO regularly invests in equity markets through ETFs replicating BSE-Sensex and NSE NIFTY-50 indices, she stated. In addition, EPFO has also invested from time to time in ETFs constructed specifically for disinvestment of shareholding of the Government of India in body corporates, namely ETFs tracking Bharat .

As per the current pattern of investment notified by the labour ministry in April 2015, retirement fund body can invest anywhere between 5 - 15 per cent of all its fresh accretions in equity markets

Investors should approach ETFs as long-term investments and avoid frequent trading

Institutional interest in cryptocurrencies is up, as is evident from the increased volumes in Bitcoin and Ethereum exchange-traded funds (ETFs)

Now a dominant ingredient, with holdings topping 10% of the free-float mcap

Recent Customs duty cut has sparked a gold rush, driving ETF inflows to their highest level since February 2020

International, gold and silver funds and ETFs will be taxed more favourably from next year

According to MF officials, these offerings had unintentionally got classified as debt funds last year, and this budget makes a course correction

With the changes, these schemes will now enjoy tax exemptions similar to that of category III AIFs set up in the IFSC

Among the worst hit were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which has shed roughly $61.35 billion in market value over two days

WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs

India dedicated flows finally slowdown to 12-week low of $153mn this week after average weekly inflows of $1bn post-election results.

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks

Based on changes to the float during the three-month period ended March 2024, Freitas has calculated the possible weighting changes in these stocks and their likely impact on passive flows

Last month, Gold ETF AUM had topped Rs 30,000 cr; This year's rally burnishes image of silver, gold as 'safe haven' bets

Bitcoin and second-ranked Ether jumped on Monday, boosted by indications that asset managers will soon launch Hong Kong-listed ETFs for both tokens

The company plans to launch the MF vertical by June, said Vasanth Kamath, Founder and CEO of Smallcase

Sebi and some of the MFs have made representations to the Reserve Bank of India (RBI) seeking new limits but the central bank is yet to take a call

It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs

Plans to give index funds, ETFs exemption from 25% investment cap in group firms