How To Invest In ETF In India – Is ETF Going To Be Next Big Thing In India?

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  • Post last modified:April 28, 2022

Exchange Traded Funds (ETF’s) are baskets of securities (Indices) that are traded just like individual stocks, on an exchange but How To Invest In ETF to answer this question we will need to dig deeper and understand the core of  Exchange Traded Funds.

In this post I have tried explaining with examples on how to invest in ETF step by step but, most importantly why I think ETF’s are going to be next big thing after equity particularly in India. 

To answer this let me ask few questions to you first:

Are you a beginner/newbie or matured who wants to invest or trade in stock market, If yes than there are 2 options for you:

Start trading or investing in a stock, Now the problem here is the high risk if you have not done proper technical or fundamental analysis while choosing to trade or invest. Even if you have done that, high volatility any day may push you off. ETF’s are low volatile as compare to single stock.

Are you someone who just want to invest rather than trade, than you need to know the benefits of diversification while investing. ETF’s are the best way to diversify your investing.

Having said that, ETF’s are not only much safer to trade and invest but they also offer better returns. Currently, the penetration in ETF’s in India has not reached it levels if we compare it with U.S. 

In 2020, the assets managed by ETFs globally amounted to approximately 7.74 trillion U.S. dollars. Whereas the Exchange Traded Fund (ETFindustry in the U.S. surpassed $5 trillion in assets under management (AUM) in 2020.

If we compare this with India the assets under ETFs as on September 30, 2020 stood at Rs 2.18 lakh crore (AUM), up Rs 66,000 crore or 43.22 per cent more than the same period in 2019.

Look at the chart below to know more about how ETF has performed globally in last decade or so overall.


How To Invest In ETF In India - 6 Reasons Why ETF Going To Be Next Big Thing In India
Source: Statista


The reason I think ETF’s has a great feature is because it’s a mixture of Stocks and mutual funds, Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock hence ETF’s covers both this method of investment and trade moreover it have lower cost of transactions and annual changes compared to index funds.

Let us now move on to understand the Exchange Traded Funds aka ETF’s in great detail step by step.


What Is ETF’s (Exchange Traded Fund)?

In simple term Exchange Traded Fund (ETF’s) is a combination of mutual funds and stocks, similar to a mutual funds it pools funds from multiple investors, has a fund manager, and Net Asset Value like a mutual fund on the other hand just like a stock it gets traded on a daily basis when market is open and can be bought and sold easily.

So essentially ETF’s are mutual/Index funds scheme which is listed on stock exchange and gets traded like a stock. ETFs are a cash market product and trade in the Capital Market segment of NSE and BSE.


What Is ETF's (Exchange Traded Fund)?


For example: Lets say the closing NAV (net asset value) of a NIFTY 50 ETF on February 11, 2021 was 100. On the next trading day, if NIFTY 50 index moves up by 1% by 10:30 am, NIFTY 50 ETF will trade around in its iNAV (indicative NAV) on exchange which will also be higher by 1%, i.e. 101 at 10:30 am on February 12, 2021.

The investor who wants to buy or sell ETF units from exchange (in multiples of one unit) can go to
their brokerage account and trade in ETF units just like stocks.

Note: iNAV provides an intraday indicative value of an ETF based on the intraday market values of its underlying constituents. It is used as a reference point for ETF trading.


How Does ETF work?

ETF aim is to track the performance of a specific index such as NIFTY 50, NIFTY Next 50, NIFTY Bank, FINNifty etc. Which means ETF are depended upon it’s underlying assets and track the performance of the same,

For example, a NIFTY 50 ETF seeks to generate return which is similar to NIFTY 50 Total return index.

These ETFs can be based on indices tracking various asset classes like equity shares (NIFTY 50 ETF), bonds (10 year G-Sec ETF), Gold (Gold ETF), Tri-party Repo (Liquid ETF) etc.

This we will talk about later, however when I say it mimics the underlying, not only in terms of performance but also in constituents.

So, whatever will be the weight of all securities in a particular index the similar weightage will be given in ETF.  For example, if XYZ company has a weight of 12.50% in NIFTY 50, a NIFTY 50 ETF will also have 12.50% of XYZ company by weight in its portfolio.

Hence, ETF’s buy all securities in the exact proportion as that of its underlying index. Similarly, index mutual funds also builds their portfolio like this but not always replicates the benchmark index, also units of mutual funds are not traded live in stock market whereas shares of ETF’s are traded live in secondary market.

ETFs are also called passive funds because the fund manager does not try to outperform the benchmark index (underlying) but instead tries to mirror its performance.

On the other hand, Index mutual funds manager will try to beat the returns in comparison to the benchmark index.

ETFs are considered as a much safer product for risk averse and first time investors who want market linked returns.

I hope you now have a basic understanding of what exactly is ETF and how does it work ? let us, now move on to understand other aspects starting with a little history of ETF in India and world.

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When ETF Started In World?

ETF first came into existence in the USA in 1993 with the product commonly known by its ticker symbol, SPY, or “Spiders,” which became the highest volume ETF in history.

It took several years for ETF’s to attract public interest. But once they did, the volumes took off  on a large scale and now in 2021 ETFs are estimated at just under $5 trillion with nearly 2,200 ETF products traded on US stock exchanges itself.

About 60% of trading volumes on the American Stock Exchange are from ETFs. The most popular ETFs are QQQs (Cubes) based on the Nasdaq-100 Index, SPDRs (Spiders) based on the S&P 500 Index, iSHARES based on MSCI Indices and TRAHK (Tracks) based on the Hang Seng Index.

Do checkout ETF Calculator – Calculate Index, Gold, Debt, Liquid, Global ETF Returns In 3 Easy Steps


When ETF Started In India?

In India ETF started on 28 December 2001, when the Nifty Benchmark Exchange-Traded Scheme (Nifty BEES) launched by the Benchmark Mutual Fund Reliance Nippon Life Asset Management Limited. It got listed on the NSE and tracked the Nifty 50 Index and rest is history.

After this 10 Jan 2003, I-Sensex was launched and tracked Sensex, similarly in Debt ETF’s Liquidbees were launched in July 2003.

Coming back to present in India there are more than 65+ ETF‘s in different segment such as equity, debt, gold, gets traded everyday on exchange.

NSE has ETFs listed on different assets like broad market equity indices, sectoral indices, global indices, gold, fixed income and bonds.

Having said that, awareness about Exchange Traded Funds (ETFs) is still quite low in India, these funds are gaining traction amongst investors over the last few years.

In the last 5 years, the mutual fund industry assets under management (AUM) in ETFs have grown at a CAGR of more than 100%.

The assets under ETFs as on September 30, 2020 stood at Rs 2.18 lakh crore (AUM), up Rs 66,000 crore or 43.22 per cent more than the same period in 2019 in India.


How Many Types Of ETF’s are there in India?

In India as of now you can categorize ETF’s in 5 broader categories:

1. Equity Index ETF – Index ETF are simply those ETF’s that replicates (performance and weightage) different Indices such as (Nifty50, BankNifty, Niftynext50 etc.) Index Exchange Traded Funds are the oldest and most common of the ETF product offerings.

Index ETF’s helps one to get diversification as well as the returns. One can trade in them just like intraday trading in futures and options or take delivery like stocks.

So suppose you are overall bullish on the market, now instead of cherry picking a particular stock you can simply buy the whole Index. The minimum lot size is 1 for all ETF’s so it does not even require lot of capital you can simply buy the Index as a share. NiftyBees is one of the example of Equity Index ETF’s.

2. Gold ETF – If you want to keep the gold as a part of your portfolio than instead of buying it in physical form you can simply buy the gold ETF just like a normal share of a stock on exchange.

Gold ETF’s are units representing physical gold, this may be in paper or dematerialized form and hence you can even buy a physical gold or jewellery just by selling the gold ETF. Thee are no STT or wealth tax on gold ETF moreover no theft or storage issue.

Prices of gold ETFs move hand on hand with that of physical gold. When the price of gold moves up, the value of ETFs appreciates and vice versa. GoldBees is one of the gold ETF example.

3. Debt ETF – Debt Exchange Traded Funds (ETFs) are simple investment products that allow the investors to take an exposure to the fixed income securities. These debt ETFs combine the benefits of debt investments with the flexibility of stock investment and the simplicity of mutual funds.

Debt ETFs trade on the cash market of the like any other company stock, and can be bought and sold continuously at live market prices.

Debt ETFs are passive investment instruments that are based on indices and invest in securities in same proportion as the underlying index. InfraBees is one of the example of debt ETF’s.

4. Liquid ETF – Liquid ETFs are those funds whose unit price is derived from money market securities which consist of government bonds,  treasury bonds, call money market etc.

As the name suggest it offers high liquidity with low risk and reasonable market returns. Another important factor is Liquid ETF’s can be used as a margin for NSE Cash and derivative segment with 10% haircut.

5. Global Indices/International ETF –  Global Equity Exchange Traded Funds (ETFs) are simple investment products that allow the domestic investors to take an exposure to international indices.

For example if you want to invest in stocks listed n U.S NASDAQ 100 you can simply trade or invest in Motilal Oswal MOSt Shares NASDAQ 100 ETF -GO. It mimics the underlying Nasdaq100 and provides the same returns with exact constituents.

I hope you now have a basic understanding of different types of Exchange Traded Funds currently operates in India. Below are the list of all the ETF’S that are currently listed on NSE/BSE Exchange.

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List Of ETF In India:

Below are the list of Exchange traded funds (ETF’s) currently listed on NSE/BSE stock exchanges in India:

This list includes all the ETF’s from all category Equity, Gold, Liquid etc.

Security Name
R*Shares Gold BeES
UTI Mutual Fund – UTI Gold Exchange Traded Fund
Kotak Mutual Fund – Gold Exchange Traded Fund
Quantum Gold Fund -Exchange Traded Fund (ETF)
Invesco India Gold Exchange Traded Fund
HDFC Mutual Fund-HDFC Gold Exchange Traded Fund
ICICI Prudential Gold ETF
Axis Mutual Fund – Axis Gold ETF
Birla Sun Life Mutual Fund – Birla Sun Life Gold ETF – Growth
IDBI Mutual Fund – IDBI Gold Exchange Traded Fund
Canara Robeco Mutual Fund – Canara Robeco – Gold ETF
Government Securities
R*Shares Liquid BeES
GSEC10 NSE Index
Hang Seng Index
R*Shares Hang Seng BeES
Motilal Oswal Mutual Fund-Motilal Oswal MOSt Shares NASDAQ 100 ETF -GO
Nifty 10 yr Benchmark G-Sec Index
Nifty 100
Reliance Mutual Fund – R* Shares CNX 100 Fund
Nifty 100
ICICI Prud Nifty 100 ETF
Nifty 100
Nifty 100 Low Volatility 30 Index
ICICI Pr Nif Lw Vl 30 ETF
Nifty 50
R*Shares Nifty BeES
Nifty 50
Quantum Nifty ETF
Nifty 50
Kotak Mahindra Mutual Fund-Kotak Nifty ETF
Nifty 50
Motilal Oswal Mutual Fund – Motilal Oswal MOSt Shares M50 ETF
Nifty 50
Birla Sun Life Mutual Fund – Birla Sun Life Nifty ETF – Growth
Nifty 50
Invesco India Nifty Exchange Traded Fund
Nifty 50
ICICI Prud Nifty ETF
Nifty 50
Edelweiss ETF – Nifty 50
Nifty 50
SBI-ETF Nifty 50
Nifty 50
UTI Mutual Fund – UTI-Nifty Exchange Traded Fund
Nifty 50
Nifty 50
Mirae Asset Nifty 50 ETF
Nifty Bank
R*Shares Bank BeES
Nifty Bank
Kotak Mahindra MF – Kotak Banking ETF – Dividend Payout Option
Nifty Bank
SBI-ETF Nifty Bank
Nifty Bank
Edelweiss ETF – Nifty Bank
Nifty Consumption
Reliance MF – RShares Consumption Fund – R SHARES CONSUMPTION FUND
Nifty CPSE
Nifty Div Opps 50
Reliance MF – R*Shares Dividend Opportunities Fund – RSDOETF
Nifty GS 8 13Yr
Nifty Infra
R*Shares Infra BeES
Nifty Midcap 100
Motilal Oswal Mutual Fund – Motilal Oswal MOSt Shares M100 ETF GO
Nifty Next 50
R*Shares Junior BeES
Nifty Next 50
SBI-ETF Nifty Next 50
Nifty Next 50
Nifty Next 50
Nifty PSU Bank
Kotak Mahindra Mutual Fund
Nifty PSU Bank
R*Shares PSU Bank BeES
Nifty 200 Quality 30 Index
SBI-ETF Quality 30
Nifty Quality 30
Edel ETF Nifty 100 Qual30
Nifty1D rate index
Nifty50 Value 20
Reliance Mutual Fund – R*Shares NV20 ETF
Nifty50 Value 20
Nifty50 Value 20
ICICI Prudential NV20 ETF
S&P BSE 500 index
S&P BSE BHARAT 22 index
S&P BSE Midcap Select Index
ICICI Prud Midcap Sel ETF
ICICI Prud Sensex ETF
UTI Mutual Fund – UTI-Sensex Exchange Traded Fund
R*Shares Shariah BeES

You may see in forthcoming month’s and years a lot new ETF’s getting added.

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How To Invest In ETF In India?

If you want to trade or invest in ETF’s in India there are two things which are required:

  1. Trading Account
  2. Demat Account

A trading account is required to place the order online or through a call to your stock broker and demat account is required to hold the ETF’s units in demat while investing.

Many stock brokers such as Zerodha, Upstox, Fyers, 5Paisa, ICICIdirect, Espresso, allows open a trading and demat account online within minutes. Once the account is opened you can simply select the ETF’s that you want to trade or invest in using online trading platform and start placing orders.

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Just like shares of a stock the settlement process for ETF’s also follows T+2 days. Let us now understand some of the advantages of ETF’s.


Benefit Of Investing In ETFs?

There are many benefits of trading or investing in a Exchange Traded Fund (ETF’s) most of them are listed below:

  • ETF’s provide real time trading and pricing throughout market hours just like stocks which is not available in case of mutual funds.
  • ETF’s are beneficial for those who either does not have time or knowledge to segregate stocks, as it is a well diversified product one can simply buy a single unit in case of being bullish or sell in case of being bearish overall.
  •  Lower capital requirement is also one of the major advantage to trade and invest in ETF’s.
  • Due to the unique structure of ETFs, all types of investors, whether retail or institutional, long-term or short-term, can use it to their advantage.
  • Since an ETF is listed on an Exchange, costs of distribution are much lower and the reach is wider. These savings in cost are passed on to the investors in the form of lower costs.
  • The biggest advantage of ETFs over actively managed funds is cost. The expense ratio of ETFs can be upto 1.5 to 2.25% lower than actively managed funds. Which means that an actively managed funds need to beat their benchmark by that margin to match returns of comparable ETFs.
  • Investing in ETF is much simpler than investing in actively managed funds. You do not have to analyze past performance, understand the fund manager’s investment style e.g. Growth, Value or study fund’s performance in up and down markets etc. Simply you may select an index and invest in a low cost ETF, which tracks that index.
  •  Dividends from ETF schemes are tax exempt for investors. If an investor sells ETFs units before 12 months, he is liable to pay short term capital gain tax at the rate of 10 percent. At the time of redemption the investor need not pay tax. They are also exempt from wealth tax. However, the time of redemption investors would need to pay securities transaction tax (STT) at 0.25 percent on the value of redemption.
  • Investors who have a negative view on a market segment or specific sector may want to establish a short position to capitalize on that view. ETFs may be sold short against long stock holdings as a hedge against a decline in the market or specific sector.

Let us now look at some of the drawbacks of ETF’s, although there aren’t many.


Why Not To Invest In ETFs?

An ETF is a passive investment option which means it will just give you the same returns of the underlying asset, hence one cannot beat the returns as in case of mutual funds which are made by a fund manager specifically to beat the benchmark index returns.

This is particularly applied to the emerging economies such as India, otherwise in a developed country like U.S.A it is next to impossible to beat the benchmark Index in terms of returns.

This is because companies in USA which trade in stock exchange have already become global giants. Growth prospects of such companies are low. Moreover, the economy of these countries are also not as cheerful as that of developing countries.

Having said that, In the previous 3 year, NIFTY 50 ETFs have outperformed large cap MFs by an average of 2.7% Whereas NIFTY 50 ETFs have outperformed large cap mutual funds significantly in last 1 and 3 year period and NIFTY Next 50 ETFs have outperformed large cap mutual funds significantly in last 5 and 7 year period.

Did You Know? Since 2005, NIFTY 50 has given an average rolling return of 16.3% for an investment period of 5 years and average rolling return of 17.2%, for an investment period of 3 years.

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List Of Best ETF (Equity) Returns In 2022 In India:

Scheme Name
Crisil Rank
AuM (Cr)
UTI SENSEX Exchange Traded FundIndex Funds/ETFs
Kotak Sensex ETF FundIndex Funds/ETFs
SBI – ETF Nifty 50Index Funds/ETFs
UTI NIFTY Exchange Traded FundIndex Funds/ETFs
Nippon India ETF Nifty BeESIndex Funds/ETFs
HDFC Sensex ETFIndex Funds/ETFs
LIC MF ETF – SensexIndex Funds/ETFs
Principal Nifty 100 Equal Weight Fund – GrowthIndex Funds/ETFs
SBI Nifty Index Fund – Direct Plan – GrowthIndex Funds/ETFs
LIC MF ETF – Nifty 50Index Funds/ETFs
Aditya Birla Sun Life Nifty ETFIndex Funds/ETFs

As on Feb,11, 2021

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What is the difference between mutual funds and ETFs?

One of the basic difference between ETF’s and mutual funds is, ETF’s can be traded just like stocks on the exchange whereas mutual funds cannot be. Other than that As ETFs merely replicate the performance of an index, they do not need active management.

As a result, the fees and expenses associated with ETF investments are low. While in the case of Mutual Funds, the fund manager actively takes investment decisions on behalf of the investors. As a result, the fund management expenses are higher.

In comparison, in a traditional mutual fund, investors can purchase units only at the fund’s NAV, which is published at the end of each trading day. In fact, investors cannot purchase ETFs at the closing NAV.

Mutual Fund shares can only be purchased directly from the funds at the NAV price that is fixed during the trading day.

This difference gives rise to an important advantage of ETFs over traditional funds: ETFs are immediately tradable and consequently, the risk of price differential between the time of investment and time of trade is substantially less in the case of ETFs.

If you are not aware there are two types of mutual funds, open ended and close ended. An open-ended fund allows investors to enter and exit the fund anytime after the NFO, whereas a close-ended fund restricts the entry and exit of investors to the NFO period.

NFO stands for New Fund Offer. When a mutual fund scheme offers its units for the first time for investments, it is known as a New Fund Offer (NFO). In its essence, a New Fund Offer is similar to an Initial Public Offering (IPO).

Another thing is, unlike close ended funds, open ended funds do not have a limitation on the number of units they can issue. More units of an open ended fund get created when an investor invests money in the fund.

Likewise, when an investor redeems units of an open ended fund, the mutual fund units are taken out of circulation.

While open ended funds allow investors to make use of systematic plans – systematic investment plans (SIPs), close ended funds do not support this facility.


What is the difference between mutual funds and ETFs?


ETFs do not have a minimum holding period, and the investors are free to sell the investment as and when they like. Mutual funds like ELSS (Equity Linked Savings Scheme) come with a lock-in period of 3 years.

During this timeframe, it is not possible to liquidate the investment. This can range from 9 days to 3 years, depending on the mutual fund scheme chosen.

ETFs are cheaper than traditional mutual funds and index funds in terms of fees. However, while investing in an ETF, an investor pays a commission to the broker.

The tracking error of ETFs is generally lower than traditional index funds due to the “in-kind” creation / redemption facility and the low expense ratio.

This “in-kind” creation / redemption facility ensures that long-term investors do not suffer at the cost of short-term investor activity.


Frequently Asked Question (FAQ):

How do I start investing in ETFs?

To start investing in ETF’s i.e. Exchange traded funds, you just need to open a trading/demat account with a recognised SEBI authorized stock broker. Once done log in to the online trading platform, add the ETF’s to watchlist and start trading or investing just like a stock. You can do intraday as well as delivery based trades in ETF’s.

Is ETF good investment option?

Of course, ETF’s are one of the best investment options available if you want to beat the inflation in long run. As ETF’s mimics the underlying asset performance one can expect similar returns,

for example Since 2005, NIFTY 50 has given an average rolling return of 16.3% for an investment period of 5 years and average rolling return of 17.2%, for an investment period of 3 years.

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How much should I invest in ETF?

One can even buy a 1 unit of ETF’s just like one share of a stock, depending upon your investment goals you can make as much investment as you want. Moreover the ETF’s are very well diversified hence the chances of losing the entire capital is very low in comparison of buying a single stock.


Are ETFs safer than stocks?

First thing to remember, instead of investing all your money in one company or stock, you can choose to diversify and invest in 3-4 different companies (ideally from different sectors). When you do so, unsystematic risk is drastically reduced. This is also known as portfolio building.

Talking about the safety of ETF in comparison to stocks the answer is YES, without any doubt. As an example Yes Bank, Gitanjali Gems, Vakrangee etc.

if you have invested only in a single stock chances of ruining your capital is very high, hence it is always better to invest in a mutual funds either through SIP’s or Lumpsum or make a investment in ETF to be on the safer side.


Why ETF is better than stocks?

ETF’s are better than stocks because of diversification as well as the consistent returns in long term. Moreover even if you do intraday trading, ETF’s are less volatile than stock hence the erosion of capital while betting is less as compare to a single stock.


Which is better, Index MF or Index ETF in India?

If you want to beat the benchmark Index returns than mutual funds are better whereas if you are ok with the Index return only ETF’s are better.

According to the Efficient Market Hypothesis, no fund manager can outperform the market forever and outperforming strategies are quickly imitated and arbitraged away.

Hence in the long run, simply investing in the whole market passively tends to outperform active stock picking. If you believe in this financial theory, ETFs are a better product than actively manages funds.

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I hope you have now better understanding of how ETF’s work in India and overall and how to invest in ETF. Though Indian ETFs are still at an emerging stage, they are expected to replicate some of the asset classes that are offered globally, with gold ETFs the likely leader.

That is Why I think Exchange Traded Funds (ETF’s) going to be the next big thing in India in trading and investing.

With recent launches, such as MOSt Shares NASDAQ 100, Goldman Sachs Hang Seng BeES, Goldman Sachs S&P Shariah BeES, give investors diverse as well as attractive choices across asset classes, investment styles and geographies.

While actively managed funds will continue to rule in search of higher alpha (returns), passively managed funds in the form of ETFs can be of able help to investors for quick diversification across underlying asset class/index.

You can also check my reviews on best brokers in India here:

Zerodha Review

Upstox Review

5Paisa Review

Fyers Review

Sharekhan Review

ICICI Direct Review

Espresso Review

Groww Review

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Note: Please do not take this as any recommendation, to trade or invest. This is just for reference, to make you understand more about How to invest in ETF and its importance, under no circumstances intended to be used or considered as financial or investment advice, a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset.

Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only. All investments are subject to risks, which should be considered prior to making any investments.

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