‘Your silver ETF is not tracking silver’: Wealth manager warns investors as premiums skyrocket amid record rally
According to market data, Nippon India’s Silver ETF, the largest in India, closed at Rs 156 on Thursday, nearly 5.5% higher than its indicative net asset value (iNAV) of Rs 148.3. Other ETFs from HDFC MF, UTI MF, and Tata MF also traded at double-digit premiums, reflecting a demand-supply imbalance.
According to market data, Nippon India’s Silver ETF, the largest in India, closed at Rs 156 on Thursday, nearly 5.5% higher than its indicative net asset value (iNAV) of Rs 148.3. Other ETFs from HDFC MF, UTI MF, and Tata MF also traded at double-digit premiums, reflecting a demand-supply imbalance.
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