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Nippon India Mutual Fund ruled Diwali 2025 ETF trading, capturing over half of the gold and silver market share with record-high volumes.
Nippon India MF strengthened its ETF lead with GoldBeES and SilverBeES. (Photo Credits: Official Site)
Nippon India Mutual Fund (NIMF) has once again proved its strong hold in the exchange-traded fund (ETF) market this festive season. The fund house led both the Gold and Silver ETF segments during the Diwali 2025 trading week, capturing more than half the market share.
According to the National Stock Exchange (NSE), between October 17 and 23, NIMF accounted for 57.6 per cent of the total industry average daily turnover (ADT) in these two categories. The overall industry turnover in Gold ETFs rose sharply, nearly eight times higher than Diwali 2024, while Silver ETFs saw even greater activity.
Gold ETFs Shine Bright
Nippon India’s flagship GoldBeES ETF stood out once again, clocking an average daily turnover of Rs 767 crore during Diwali this year. That is a huge jump from Rs 97 crore during the same time last year, roughly 7.9 times higher. This gave the fund a 53 per cent share of the entire industry’s Gold ETF volumes.
The data also showed that NIMF’s Gold ETF turnover was 23 times higher than the rest of the market average, highlighting its liquidity strength. Even though transaction efficiency was better, the impact cost for GoldBeES stood at just 2 basis points (bps), compared to the industry’s 18 bps average.
“In an asset class like ETFs, liquidity is crucial. Lower impact costs make a big difference to investors, especially for large trades,” a senior Nippon India Mutual Fund spokesperson said as quoted by Business Today. “Our continued leadership ensures investors enjoy one of the most efficient ETF platforms in India.”
Silver ETFs See Massive Growth
The Silver ETF market grew even faster this year. The total industry turnover during Diwali week shot up 14 times, from Rs 130 crore last year to Rs 1,823 crore this year.
Nippon India’s SilverBeES ETF played a major role in this rise, reporting a daily turnover of Rs 1,120 crore, compared to just Rs 84 crore a year ago. This gave the fund house an impressive 61 per cent share of the total Silver ETF market. Like GoldBeES, SilverBeES also maintained strong liquidity with an impact cost of only 2 bps, while the rest of the industry averaged 20 bps.
Investor Interest Remains Strong
Experts reportedly say the growth in Gold and Silver ETFs during Diwali reflects how investors now prefer ETFs over physical metals for convenience and liquidity. The 2025 trading week saw higher participation from both retail and institutional investors, along with improved market depth and sentiment toward safe-haven assets.
NIMF’s leadership extends beyond just Diwali. For the financial year 2024-25, it captured 58 per cent of total ETF turnover in both gold and silver combined. The fund house also has the largest ETF investor base in India, with 1.53 crore investors; nearly half of all ETF investors nationwide.
Meanwhile, industry analysts reportedly credit Nippon India’s steady growth to its strong execution, efficient product design, and consistent performance, which together continue to inspire investor confidence across market cycles.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
Delhi, India, India
October 26, 2025, 08:00 IST
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