The total trading price of Nifty 50 ETF as on 24 February 2022 was approx. 540 crore on the National Stock Exchange of India (NSE). Out of this, Nippon India ETF Nifty BeES gained the highest share at approx. 351 crore on NSE. According to AMC, this is a new record in ETF volume.
SBI Nifty 50 ETF (SBI Nifty 50 ETF) ranks second and third in terms of traded value. 139 crore) and ICICI Pru Nifty 50 ETF ( 30.5 crore).
To give a perspective, the average daily traded value of Nippon’s Nifty BES for the last three years has only been 22.18 crores. Besides, it’s almost done 69.9 crores as on March 23, 2020, when the markets witnessed a major crash due to the Covid-19 pandemic.
As per the press release of Nippon India MF, recently on 20th December 2021, Nippon India ETF Nifty BES on NSE had crossed the value of traded. 205 Crores and now it has achieved the highest ever commercial value.
Talking about liquidity, the AMC said that the traded value of Nippon India ETF Nifty BeES was higher than the aggregate traded value of all other Nippon 50 ETFs listed on NSE.
Hemen Bhatia, Head of ETFs, Nippon Life India AMC, said, “Today’s decline for smart investors was tantamount to a ‘discount sale’ of branded goods, and instead of speculating on which individual stock to buy, investors simply looked at the broader market.” Indices bought ETFs like Nifty 50 ETF, Nifty Next 50 ETF, Bank Nifty ETF etc.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,