Mutual Fund News

Gold and silver ETFs fell sharply in early trade on Friday. Silver funds dropped over 5%, as a stronger US dollar and hawkish Federal Reserve signals pushed bullion prices toward a third straight weekly decline.

NSE Indices launched 11 new sectoral benchmarks, taking the total to 34. They are launched to expand coverage across industries and support growing demand for ETFs and index funds, among others.

HDFC, ICICI Prudential and Nippon India Mutual Funds have capped large gold ETF investments, aligning with government efforts to reduce gold imports as the rupee faces continued pressure.

BSE has launched the BSE India 5-Year Sovereign Bond Index, a new benchmark aimed at supporting ETFs and passive debt funds.

India's gold ETFs saw their first net monthly outflow in a year in May, losing $61 million after a government duty hike sent domestic gold prices sharply higher and prompted investors to cash out. Global gold ETFs also dipped in May. Read ahead to know more.

JioBlackRock is planning to give Indian investors access to global BlackRock ETFs through its newly approved GIFT City platform, with products expected to be offered via ETFs, fund-of-funds, or other investment structures. Read ahead to know more.