New Delhi. Silver ETF, which was launched in India in the year 2022, is now emerging as an attractive investment option. If we talk about the last one year, then Silver ETF has overtaken Gold ETF. During this period, while the return of Silver ETF was 32.49 percent, Gold ETF gave a return of 28.07 percent. According to rating agency ICRA, the asset under management of Silver ETF increased four times to Rs 12331 crore in October this year, which was Rs 2844.76 crore in the same month last year. Similarly, folia (accounts) also increased by 215 percent in a year. Now their number has increased to 4.47 lakh. In October 2023, this number was 1.42 lakh. Net investment in silver ETFs also increased by 24 percent year-on-year to Rs 643.10 crore last month from Rs 518 crore in October 2023.

Silver ETFs (Exchange-Traded Funds) provide a convenient and secure way to invest in silver. This fund is listed on the stock market, allowing investors to buy and sell it easily. Investing in silver ETFs costs you less than buying physical silver. For example, a unit can cost less than Rs 100, making it accessible even for small investors. Physical purchase of silver is prone to theft, while silver ETFs are kept safe in a demat account, reducing security concerns. Silver ETFs can be easily bought and sold like shares, allowing investors to convert their investments into cash whenever they want.

These 4 ETFs gave great returns
. There are currently six ETFs in the country. Four of these have given strong returns to investors in the last one year. UTI Silver ETF and HDFC Silver ETF have given 33 percent return in one year. ABSL Silver ETF has given 32.6 percent profit to investors in the last twelve months. Similarly, DSP Silver ETF has given a 32.5 percent return.

Possibility of a further increase in the price of silver
According to experts, the demand for silver may increase further in the coming time. The use of silver is increasing in electronics and green technologies. The reduction in interest rates by the US Federal Reserve may also lead to an increase in the price of silver. Ashwini Kumar, Senior Vice President of ICRA Analytics, says that silver prices are expected to rise, as the Federal Reserve may cut interest rates, which will boost the price of silver. Also, the demand for silver will also increase in the field of electronics and green technology.