PUNE: Angel One Asset Management Company Limited, a wholly owned subsidiary of Angel One Limited, announced the launch of Angel One Silver ETF and Angel One Silver ETF FOF. The New Fund Offers (NFOs) are open for subscription from 09th February 2026 and close on 19th February 2026 for the ETF, while the FOF will remain open until 23rd February 2026.

Both schemes offer exposure to silver by tracking domestic prices, providing investors with price transparency and ease of investing. The ETF will allow investors to invest through NSE on an ongoing basis, while the FoF will enable participation even without a demat account.

Silver is gaining prominence due to its dual role as a precious metal and industrial commodity, with rising demand from solar energy, electric vehicles, and data centres, alongside supply constraints, supporting strong investor interest. Reflecting this trend, AMFI data shows that Silver ETF AUM in India crossed ₹72000 crores in December 2025. Over the last 10-year period ended 31st January 2026, Silver (INR) delivered a CAGR of 25.8%, reinforcing its potential for portfolio diversification and inflation-hedging benefits.

Speaking on the launch, Hemen Bhatia, Executive Director & CEO, Angel One AMC, said, “Silver is no longer just a precious metal; it is emerging as a strategically important asset in the modern global economy. Its growing role across next-generation industries and critical technologies is creating sustained structural demand, making silver a compelling long-term investment. As investors adapt their portfolios to a rapidly evolving world, exposure to silver is becoming increasingly relevant for diversification and resilience. Through our Silver ETF and Silver FOF, we aim to provide a simple, transparent, and cost-efficient way for investors to participate in the long-term potential of this dynamic asset class.”

Key Features

• During the NFO, the Angel One Silver ETF will allow investment with a minimum application of Rs. 1,000 and in multiples of Re. 1 thereafter. Post listing on NSE, the units will be traded on the NSE, providing liquidity and real-time price discovery. The scheme eliminates the operational challenges of holding physical silver, such as storage, purity verification, and making charges, while also offering the potential for margin usage subject to exchange norms.
• The Angel One Silver ETF FOF is structured as a FOF scheme that will invest in units of the Angel One Silver ETF, enabling investors to access silver without requiring a demat account. The minimum application amount is Rs. 500, with flexible systematic investment plan (SIP) options starting at Rs. 250 for daily contributions and Rs. 500 for weekly, fortnightly, and monthly frequencies, while quarterly SIPs start at Rs. 1,500.
• Together, the schemes provide a convenient, cost-efficient route to gain silver exposure with no exit load, suitable for investors seeking portfolio diversification. For Angel One AMC, the launch marks its entry into the silver investment category, expanding its passive product portfolio alongside the Gold ETF and Gold FOF, and strengthening its position in ETFs across equity, debt, and commodity asset classes.

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MUMBAI: Angel One Asset Management Company Ltd, a wholly owned subsidiary of Angel One Limited, a leading FinTech player announces the launch of its latest offering — the Angel One Nifty 1D Rate Liquid ETF – Growth, an open-ended exchange-traded fund replicating the Nifty 1D Rate Index. The New Fund Offer (NFO) will open for subscription from 20th March 2025 to 24th March 2025.

The ETF is designed as a highly liquid, risk-averse, and efficient solution for investors looking to park their idle funds while earning daily compounded returns. It invests in Tri-Party Repos (TREPS) on Government Securities (G-Secs) or Treasury Bills (T-Bills) with overnight maturity, thereby eliminating Mark-to-Market (MTM) risk and ensuring relatively low credit risk. With government-backed securities as underlying instruments, the scheme offers a high degree of safety while providing current income and liquidity.

The ETF’s Growth Option ensures that daily earnings are reinvested back into the scheme. The accrued earnings are reflected in the Net Asset Value (NAV), making it a seamless investment avenue that avoids the complexities of tracking fractional units.

Speaking on the launch, Hemen Bhatia, Executive Director & CEO, of Angel One Asset Management Company Limited, said, “Angel One Nifty 1D Rate Liquid ETF – Growth is designed to provide investors with a smart and efficient way to optimize returns on their idle funds. This product not only ensures high safety and liquidity but also enhances utility by enabling margin usage for trading. Its cost-effective structure makes it an ideal short-term investment tool for all types of investors.”

NFO Features

The NFO comes with several investor-friendly features. There is no entry or exit load, and the minimum application amount is ₹1,000, with investments allowed in multiples of Re. 1 thereafter. Units of the ETF will be listed on the National Stock Exchange (NSE) within five working days from the date of allotment, providing easy liquidity and the convenience of trading like any other stock. The fund will be managed by fund managers –  Mehul Dama and Kewal Shah.

As the earnings are accrued in the scheme, the ETF also offers tax efficiency, with income tax levied only at the time of sale of units. Furthermore, there are no Securities Transaction Tax (STT) charges applicable on the purchase or sale of ETF units, adding to its cost-effectiveness.

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• The offering provides investors with an opportunity to gain exposure to the metal sector which is diverse and dynamic
• The ETF will invest in a range of companies involved in both ferrous and non-ferrous metals, reflecting the behavior and performance of the companies forming a part of the metal sector
• The NFO period is from August 1, 2024, to August 12, 2024

MUMBAI: ICICI Prudential Mutual Fund has announced the ICICI Prudential Nifty Metal ETF launch. The offering aims to provide returns before expenses that correspond to the returns provided by the Nifty Metal Index, subject to tracking errors. The Nifty Metal Index includes companies from the metal sector, including ferrous and non-ferrous metals.

The Nifty Metal Index is designed to reflect the behavior and performance of the Metals sector (including mining). The Nifty Metal Index comprises a maximum of 15 stocks that are listed on the National Stock Exchange. These companies are selected from the Nifty 500 based on their market value, ensuring a broad representation of the sector. The index composition ensures that no single company has more than 33% weight, and the top three companies cumulatively do not exceed 62% of the index.

Speaking on the launch of the product, Chintan Haria, Principal – Investment Strategy at ICICI Prudential AMC, said, “ICICI Prudential Nifty Metal ETF is designed to provide investors with access to one of the critical sectors that form the backbone of industrial growth. The metal sector, encompassing crucial industries like steel, aluminum, and copper, is integral to infrastructure and economic development. With increasing demand and consumption, especially in a rapidly growing economy like India, this sector presents a compelling long-term investment opportunity. Our Metal ETF aims to allow investors to benefit from the uptick in metals due to expected higher global inflation amidst lower interest rates.“

Why invest in ICICI Prudential Nifty Metal ETF?

The Nifty Metal TRI has outperformed the Nifty 500 TRI five times in the last decade, demonstrating its potential for delivering good returns. Investing in the ICICI Prudential Nifty Metal ETF provides:

1. Exposure to a key sector essential for economic growth.
2. Access to well-established companies experiencing renewed global interest.
3. A relatively low valuation compared to broader market indices, coupled with increasing demand and consumption.
4. A convenient entry with a minimum investment of just one unit.

Performance of the Index: Calendar Year Returns (%)

Nifty Metal TRI has Outperformed the Nifty 500 TRI five times in the last 10 years.

Data as of June 28, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal, MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/ legal/standard-disclaimer.html. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustainable in the future.

Data as of July 23, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal. MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/legal/standard-disclaimer.html. CAGR stands for The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span. Returns rebased to Rs. 100 as of 12th July 2013. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustained in the future.

Index Portfolio Snapshot:

Source: Nifty Metal Factsheet. As of June 28, 2024. https://www.niftyindices.com/Factsheet/ind_nifty_metal.pdf. The sector(s)/stock(s) mentioned in this document do not constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future positions in the sector(s)/stock(s).

The Nifty Metal Index is updated twice a year to reflect the sector’s performance accurately and has outperformed broader market indices since inception, as shown in the above graph, demonstrating its potential for delivering good returns.

The minimum application amount during the NFO is Rs. 1000 (plus in multiple of Re. 1).

This ETF’s benchmark is the Nifty Metal TRI, and Mr. Nishit Patel and Ms. Priya Sridhar are the fund managers of the ETF.

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Over the past week, Bitcoin has surged by 20%, marking a 60% increase in the last month and an impressive 200% growth over the past year. Bitcoin has surpassed its previous all-time highs, crashed 20%, and clawed back current levels of $66,000 at the time of writing this article.

The Surge Explained: Spot Bitcoin ETFs

The catalyst behind this surge is the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs. These instruments allow investors to buy into Bitcoin without the complexities of direct crypto ownership, with each ETF share backed by real Bitcoin. This mechanism directly impacts Bitcoin’s supply and demand, pushing prices upwards as each share purchase translates to actual Bitcoin being bought in the market.

Understanding Market Dynamics: The Investor Types

Bitcoin ETFs have been purchasing an average of 10,000 Bitcoin daily, vastly exceeding the daily mining output of just 900 Bitcoin. This results in a demand that exceeds supply by over ten times. The total assets under management for the top ten Bitcoin ETFs have skyrocketed to around $50 billion, with BlackRock’s Bitcoin ETF at the forefront, accumulating $10 billion in assets, followed by Fidelity’s ETF, which holds $6 billion in assets.

Institutional Interest Fuels the Rally

The slow but steady adoption of spot Bitcoin ETFs by traditional financial institutions suggests a burgeoning stream of capital flowing into Bitcoin. This process, albeit gradual, is expected to maintain a steady demand for Bitcoin. Moreover, the passive investment strategies employed by these institutions, which automatically allocate funds to certain assets, are likely to include Bitcoin ETFs, further amplifying the demand. Analysts expect pension fund managers would inevitably succumb to the lure of the ETFs.

A Supply Crunch

The bitcoin market is on the verge of a halving event, a pre-programmed reduction in the rate at which new Bitcoins are created. Scheduled to occur in April, this halving will decrease the daily production of Bitcoin from 900 to just 450 coins. The anticipation of this supply shock, where the rate of new supply entering the market halves, is further fueling the rally. A crucial element driving Bitcoin’s price surge is its finite supply. With merely a fraction of Bitcoin’s total supply available for trading on exchanges, the market is experiencing a pronounced supply shortage. This limited availability, combined with the rapid acquisition of Bitcoin by spot ETFs, creates a foundation for potential price increases, rooted in fundamental supply and demand principles.

Crypto Whales and Market Influence

Crypto whales have historically wielded considerable influence over market prices through their significant holdings. Their reaction to the influx of institutional money, particularly through spot Bitcoin ETFs, is a development worth watching. The potential for strategic buying and selling by these whales could introduce volatility and unexpected shifts in the market.

Retail Investors’ Role

Retail interest in crypto tends to spike with market rallies. However, a significant portion of retail investors has yet to engage in the current cycle, potentially leaving room for further growth as they enter the market.

Metrics employed to measure retail enthusiasm for cryptocurrencies, such as Google search volumes, have shown subdued activity compared to the levels observed in 2021 and 2022, based on data from Google Trends.

The Altcoin Conundrum

While Bitcoin has been the focal point of recent market enthusiasm, the impact on altcoins remains uncertain. The influx of institutional money into Bitcoin via spot ETFs may not necessarily translate into similar gains for altcoins. However, the actions of crypto whales, who may diversify their investments into altcoins, could dictate the market’s direction for these other cryptocurrencies.

A Unique Market Cycle

The current crypto market cycle is characterized by unique features, including unprecedented institutional involvement and evolving regulatory landscapes. This has resulted in Bitcoin hitting all-time highs before the halving. In all previous market cycles, the all-time highs happened after the halving. These elements differentiate it from previous cycles and are crucial in understanding Bitcoin’s price dynamics and the potential pathways the market could take with Jerome Powell signaling reduced rates later in the year leading to a rally in the markets.

What Lies Ahead

The market is navigating through uncharted territory, with Bitcoin’s price rally being driven by a combination of institutional interest, regulatory developments, global liquidity, and the actions of market whales. The continued influx of institutional capital, the constrained supply of Bitcoin, and the evolving interest from retail and crypto whales paint a complex picture of the market’s future trajectory.

As we look to the future, it’s clear that the crypto market is in a state of flux, with various forces at play that could influence the direction of Bitcoin and altcoins. Staying informed and adaptable will be crucial for those looking to navigate this volatile yet potentially rewarding landscape.

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