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A Perspective

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  The STORY There is a famous story of an Elephant with 6 blind men in the Indian sub-continent and it goes like this. 6 blind men, and an Elephant were put together in a room. The 6 blind men were ask to describe how the elephant looks like. During their exploration of the elephant, each one of them touched a different part of elephant’s body. This led them to paint a different picture of an elephant. When asked about how the elephant looks like, here is what each of them had to say. The person who touched the leg of the elephant, thought that the elephant is like a “PILLAR”. Second person caught hold of the tusk and felt that its perfect and round and that elephant is like a “SPEAR”. Third person caught hold of the Tail and thought that the elephant is like a “ROPE” Fourth person caught hold of the ear and thought that the elephant is like a “FAN” Fifth person caught hold of the Trunk and though that the elephant is like a “SNAKE” Sixth person fell from the sturdy body of the e...

Specialized Investment Fund (SIF) - Introduction of New Asset Class

 S pecialized Investment Fund is a new asset class designed for investors looking for advanced investment strategies. It aims to provide a higher ticket investment product to meet the needs of the emerging category of investors. The landscape of investment management in India has significantly evolved over the years, marked by the introduction and development of various investment products. SEBI has adopted a segmented risk-based approach to regulation of these products depending on their complexity, sophistication of target investors, minimum investment size etc. The current range of investment products with varying risk-reward profiles, are intended to meet the investment needs of retail, high net-worth and institutional investors. The regulatory framework and prudential norms governing these investment vehicles become progressively more flexible from Mutual Funds (‘MFs’) to Portfolio Management Services (‘PMS’) to Alternative Investment Funds (‘AIFs’), in sync with the investmen...

Best Gold & Silver ETFs - 2025

 Here are the best Gold and Silver ETFs in India based on expense ratio and liquidity metrics for 2025: Best Gold ETFs Expense-Wise Winner: ICICI Prudential Gold ETF Liquidity-Wise Winner: Nippon India Gold BeES Gold ETF Expense Ratio AUM (₹ Cr) 1-Year Return Tracking Error ICICI Prudential Gold ETF 0.50% 7,295 31.14% 0.53% Kotak Gold ETF 0.55% 7,416 30.02% 0.28% HDFC Gold ETF 0.59% 9,563 31.47% 0.53% SBI Gold ETF 0.73% 7,720 30.77% 0.53% Nippon India Gold BeES 0.80% 20,783 30.82% 0.80% Best Silver ETFs Expense-Wise Winner: ICICI Silver ETF Liquidity-Wise Winner: Nippon India Silver ETF Silver ETF Expense Ratio AUM (₹ Cr) 1-Year Return 3-Year Return ICICI Silver ETF 0.40% 8,307 43.22% 119.01% HDFC Silver ETF 0.45% 1,694 45.48% 118.83% Nippon India Silver ETF 0.56% 12,302 43.72% 118.28% Axis Silver ETF 0.65% 462 45.34% 131.58% Mirae Asset Silver ETF 0.70% 269 45.46% 68.53% Tata Silver ETF 0.44% 460 46.71% N/A Top Recommendations by Category For Cost-Conscious Investors (Low...