ETFGI: Retail and high net investors in India own nearly half of the assets invested in Gold ETFs
ETFGI: Retail and high net investors in India own nearly half of the assets invested in Gold ETFs
![Goudklomp 1.jpg Goudklomp 1.jpg](/l/en/library/download/urn:uuid:b66eb17f-3638-47ef-99c9-a3bc743ae341/goudklomp.jpg)
In India, as of June 30, 2023, nearly half of the assets invested in gold ETFs are held by high-net-worth and retail investors, source Association of Mutual Funds in India.
Fifty-one thousand high-net-worth investor portfolios reported hold 36.44% of the US$ 2.72 billion invested in Gold ETFs. In 2019 there just 20,070 high-net-worth investor portfolios that reported holding a Gold ETF. A high-net-worth investor is defined by SEBI as an individual that invests more than 2 lakhs or US$3,288.12 when they make a transaction.
There are more than 4.7 million retail investor portfolios that hold 11.62% of the US$ 2.72 billion invested in Gold ETFs. The number of retail investor portfolios reporting holding gold ETFs in 2019 was just 304,500.
There are 8,963 corporations that reported holding US$ 1.41 billion or 51.94% of the assets.
Corporates account for 90.47% of the US$ 65.64 billion invested in ETFs (other than gold). Over 12 million retail and high-net-worth investor portfolios account 8.61% of the assets and 99.54% of the portfolios that invest in ETFs (other than gold). In 2019 there were less than 900,000 retail and high-net-worth investor portfolios that reported holding ETFs (other than gold).
At the end of June 2023, the ETF industry in India had 177 ETFs, with 177 listings, assets of US$69 Bn, from 19 providers listed on 2 exchanges, source ETFGI. During June, the ETFs industry in India gathered net inflows of US$1.33 Bn. Equity ETFs gathered the largest net inflows with US$1.27 Bn, followed by fixed income ETFs with US$50 Mn, and commodity ETFs with US$9 Mn.