New Delhi, Not only gold; silver also shines in investment.
 |
| Silver Bars |
This is shown by the fact that the total value of mutual fund schemes investing in silver has increased fourfold. In October last year, the value of assets managed by mutual fund companies in silver ETF schemes was Rs. 12,331 crore.
This has increased to Rs. 12,331 crore in October this year. This shows that investors have turned their attention not only to gold; but also to silver, according to research firm 'ICRA'.
Many people invest in silver ETFs, considering it a safe investment rather than a metal, hoping for higher returns.
Since silver ETF schemes were launched in 2022, the number of mutual fund accounts invested in them has increased by 215 percent in a year to 4.47 lakh. This was 1.42 lakh in October last year.
As investor interest in silver ETFs has increased, the number of schemes has now increased to 12, up from eight last year.
Market experts say that those who are unable to invest large sums in gold due to the rise in gold prices are investing in silver ETFs, considering it a safe investment rather than a metal, in the hope that silver will also yield higher returns.