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Gold & Silver ETFs & Savings Funds

1. Investor and trader sentiment have turned bullish on Gold and Silver for 2024. However, a broad consensus can sometimes lead to underperformance in the near term. There may be a risk of a near term volatility in both Silver and Gold, albeit a good buying opportunity for the medium to long-term.

2. The trigger for volatility may come from an over-sold dollar or an upside surprise on inflation or an extended bout of risk-on phase in equity markets. But any correction from here on may bring in Central Bank Buying and physical buying from China in the short-to medium term.

3. For long term investors there is a case for gold even at 2,100 $/oz levels. Historically gold has performed well at times of acute volatility in equity markets as per historic data. Whilst there is neither a forecast nor even a suggestion for same to happen but investors overweight on equities may want to consider gold as a hedge or diversification through ETFs.

4. Silver fundamentals are appealing, and it is also a proxy for the green tech, being used in solar, EV, 5G and high-end electronics.

5. Some of the prudent ways to approach gold and silver investments under current circumstances appears to be through SIPs via our range of funds.

The sectors mentioned are not a recommendation to buy/sell in the said sectors.

Strictly for internal circulation only

Product Labels –

Nippon India ETF Gold BeES –

NSE Symbol - GOLDBEES

(An open ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical gold)

Nippon India Gold Savings Fund –

(An open ended Fund of Fund Scheme)

Nippon India Silver ETF –

NSE Symbol - SILVERBEES

(An open-ended scheme, listed on the Exchange in the form of an Exchange Traded Fund (ETF) investing in physical silver and / or Exchange Traded Commodity Derivatives (ETCD) in Silver)

Nippon India Silver ETF Fund of Fund (FOF) –

(An Open Ended Fund of Fund scheme investing in units of Nippon India Silver ETF)f Fu