Nippon India Mutual Fund dominates volumes in gold & silver ETFs during Diwali 2026 with 55% market share

Nippon India Mutual Fund on Thursday said that its flagship commodity ETFs, Nippon India ETF Gold BeES and Nippon India Silver ETF, together accounted for more than half of all Gold and Silver ETF trading on the National Stock Exchange (NSE) during the Diwali 2026 period, according to NSE data.

Between November 6 and 11, Nippon India ETF Gold BeES recorded an average daily turnover (ADT) of Rs 442.7 crore, against an industry-wide Gold ETF ADT of Rs 825 crore. This gave the fund a 54% share of total Gold ETF trading during the period.

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The average daily turnover of other Gold ETFs in the industry, excluding NIMF, stood at Rs 15.3 crore, which means Gold BeES traded nearly 29 times more than the industry average.

Nippon India Silver ETF saw a similar trend during the period, with an average daily turnover of Rs 363.8 crore, out of a total industry Silver ETF ADT of Rs 642.9 crore, a 57% share. Against an industry average (excluding NIMF) of Rs 15.5 crore, the Silver ETF’s turnover was over 23 times higher.

Taken together, the two ETFs recorded a combined average daily turnover of about Rs 806 crore, roughly 55% of the Rs 1,468 crore traded on average each day across all Gold and Silver ETFs during the Diwali period.

Diwali has traditionally been one of the most important occasions for Indian households to buy gold and silver. The trading activity during this year’s festive period reflects how a growing number of investors are choosing the exchange-traded route to participate in precious metals: an option that is held in demat form, removes concerns around purity and storage, and can be bought or sold on the exchange during market hours.

For ETF investors, liquidity is a key consideration, as it supports ease of entry and exit. The concentration of trading in Nippon India ETF Gold BeES and Nippon India Silver ETF reinforces their position as the most actively traded products in their respective categories.

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This further strengthens Nippon India Mutual Fund’s leadership in India’s commodity ETF segment, where investor awareness and adoption continue to deepen, the release further said.


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