has recorded a combined average daily turnover of ₹1,887 crore across its gold and silver during the Diwali week (October 17–23).
The industry’s ADT in gold ETFs surged 7.9 times year-on-year to ₹1,454 crore during Diwali this year against ₹185 crore logged in the same period last year, according to NSE data.
Nippon India ETF GoldBeES recorded a similar 8 times rise in ADT to ₹767 crore in th Diwali week against ₹97 crore registered in the same period last year. It commanded a market share of 53 per cent of the total industry ADT.
The fund’s ADT during Diwali this year was 23 times higher than the industry average (excluding NIMF), reinforcing its status as the most liquid Gold ETF on the exchange.
NIMF Gold ETF’s impact cost stood at 2 basis points (bps), significantly below the industry average of 18 bps (ex-Nippon). Similarly, NIMF Silver ETF reported an impressively low impact cost of 2 bps, compared to the industry average of 20 bps.
Nippon India Silver ETF ADT up 13 times to ₹1,120 crore against ₹84 crore recorded last Diwali.
Industry silver ETF ADT was up 14 times to ₹1,823 crore (₹130 crore) during this Diwali.
The fund captured 61 per cent share of the total silver ETF ADT during Diwali.
NIMF has the highest ETF investor base of 1.5 crore as of September.
In ETFs liquidity is crucial as it can lower impact costs and make a material difference to investors, especially while taking large positions, said a senior spokesperson from Nippon India Mutual Fund said.