Gold ETFs offered up to 31% returns since last Akshaya Tritiya. Did they add shine to your portfolio?
Gold ETFs since the last Akshaya Tritiya have offered up to 31% return and have delivered an average return of 29.92%, an analysis by ETMutualFunds showed. There were around 16 ETFs based on the gold commodity that marked their presence in the said period.Around four ETFs gave over 30% return since the last Akshaya Tritiya, which was celebrated on May 10, 2024. UTI Gold ETF gave the highest return of around 30.95% since the last Akshaya Tritiya.Also Read | Akshaya Tritiya: How gold ETFs performed in last 10 calendar years LIC MF Gold ETF offered a return of 30.34% since May 10, 2024, followed by Axis Gold ETF and HDFC Gold ETF. Axis Gold ETF and HDFC Gold ETF gave 30.25% and 30.05% returns, respectively, since the last Akshaya Tritiya.Invesco India Gold ETF and ICICI Pru Gold ETF gave 29.99% and 29.93% returns, respectively, in the same time period.Aditya Birla SL Gold ETF, which gave 29.86% since the last Akshaya Tritiya, was followed by Zerodha Gold ETF, which gave 29.83% return in the same period.Kotak Gold ETF and Mirae Asset Gold ETF gave 29.81% return each in the same period. SBI Gold ETF and Baroda BNP Paribas Gold ETF gave 29.70% return each in the mentioned period.DSP Gold ETF, Tata Gold ETF, and Edelweiss Gold ETF gave 29.68%, 29.65%, and 29.60% returns, respectively, since the last Akshaya Tritiya.Also Read | Gold & mutual funds: Which one is right for your portfolio now? Nippon India ETF Gold BeES, the last gold ETF based on assets managed, gave a 29.56% return since the last Akshaya Tritiya.We considered all gold ETFs that have marked their presence in the same period. We calculated the performance of these gold ETFs since May 10, 2024.Note, the above exercise is not a recommendation. The exercise was done to evaluate the performance of gold ETFs since the last Akshaya Tritiya in 2024.One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making an investment decision.
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Business Standard
3 hours ago
- Business Standard
Chanda Kochhar found guilty in ₹64 cr bribe case linked to Videocon loan
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Time of India
a day ago
- Time of India
ETH on fire! Analysts say Ethereum will soon hit $4000 as short positions pile up
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Explore courses from Top Institutes in Select a Course Category Operations Management others healthcare Product Management Others Technology Public Policy Data Science Design Thinking CXO Data Science Artificial Intelligence Cybersecurity MBA Healthcare PGDM Project Management Degree Data Analytics Leadership Management MCA Finance Digital Marketing Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details According to fresh analysis by The Kobeissi Letter , Ethereum is in the midst of 'one of the largest short squeezes in crypto history.' Short positions on Ether recently reached all-time highs, but instead of collapsing, ETH reversed sharply to the upside, forcing short sellers to cover in panic—adding fuel to the fire. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Colombia (Prices May Surprise You) Container House | Search ads Search Now Undo Kobeissi notes that Ethereum has added over $150 billion in market cap since July 1st , just days after shorts peaked. If ETH rises another 10% from here, analysts estimate that $1 billion more in short positions will be liquidated, likely catapulting the price to $4,000 and beyond. What's driving the Ethereum rally besides the short squeeze? Ethereum's bullish momentum isn't solely the result of a short squeeze. Several fundamental catalysts are at play: Live Events 1. Institutional ETF Demand Is Soaring ETF demand is now a dominant force in the market. U.S. spot Ethereum ETFs recorded a record single-day intake of $727 million in mid-July, and monthly inflows are now tracking over $890 million —one of the highest since ETH ETFs launched. Asset managers and corporate treasuries are increasingly allocating capital toward ETH, as spot ETFs make the asset more accessible to traditional investors. These inflows have driven price higher while tightening supply across exchanges. 2. Massive Whale Accumulation Signaling Confidence On-chain data reveals a $50 million ETH purchase by whale address 0x5A8E , who acquired 13,462 ETH at an average price of $3,715. Large strategic entries like these often suggest institutional confidence and long-term positioning—especially when they align with ETF demand. 3. Layer 2 Ecosystem Activity Surges Ethereum's rise is mirrored by increased engagement across its Layer 2 stack, including platforms like Arbitrum , Optimism , and zkSync . 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Market strategists believe Ethereum has a good chance to decisively break through the $4,000–$4,200 resistance zone in the coming days. Confirmation of a clean breakout above this range could trigger what analysts describe as an 'explosive' leg higher, potentially targeting $4,500 and beyond. Some cycle models point out that Ethereum is still lagging behind Bitcoin in terms of percentage gain from its macro bottom. If historical rotation patterns repeat, capital may flow from consolidating BTC into ETH—suggesting Ethereum has room for catch-up growth. Bitcoin dominance drops—What does it mean for ETH? Ethereum's outperformance is also reflected in Bitcoin's market dominance , which has dropped to 61.4% , its lowest level since March. This signals a shift in trader sentiment toward altcoins—particularly ETH and XRP—which are seeing faster gains and increased institutional focus. As long as the market remains risk-on and ETH continues attracting ETF flows and whale buyers, it's likely to lead the next leg of the altcoin season. Institutional adoption could reshape Ethereum's future According to Coinbase Institutional, ETH's increasing adoption by corporate treasuries and asset managers is being driven by two core themes: Staking yield opportunities , offering passive returns for holding ETH. Tokenization of real-world assets , which Ethereum is uniquely positioned to power. BlackRock's recent $1.1 billion Ethereum purchase in just 48 hours—bringing its total holdings to $8.9 billion—underscores this trend. The asset giant now controls roughly 1.5% of Ethereum's total circulating supply, tightening available float and increasing upside volatility when demand spikes. Could regulation slow things down? As institutional demand grows, Ethereum is also coming under increased regulatory scrutiny . 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BitMine Immersion Technologies now holds over 300,000 ETH (valued at more than $1 billion), boosted by a recent investment from billionaire Peter Thiel's Founders Fund. SharpLink Gaming also holds over $1 billion in ETH, after accumulating more than 144,000 ETH in under two weeks—an aggressive move into the Ethereum space. 3. What asset managers are leading Ethereum ETF investment? Several traditional financial giants are behind the surge in Ethereum ETF inflows. BlackRock's iShares Ethereum ETF is one of the largest, with over $9.1 billion in assets under management. Grayscale , Fidelity , and Franklin Templeton are also key players, offering low-cost access to Ethereum ETFs with management fees between 0.19% and 0.25%. 4. How much capital is currently flowing into Ethereum ETFs? ETF inflows are at record highs in 2025. In mid-July alone, Ethereum ETFs saw a single-day intake of $727 million —a new record. Total inflows for July have surpassed $3.2 billion , driven by growing institutional interest and investor confidence in Ethereum's long-term potential. 5. Are venture capital firms also backing Ethereum? Yes, some of the largest crypto-focused VCs have strong Ethereum exposure. Paradigm manages over $10 billion in crypto assets, with Ethereum as a core holding. Polychain Capital , managing about $5 billion, also invests heavily in ETH and Ethereum-based startups. Firms like Securitize , backed by BlackRock, are building tokenization platforms directly on Ethereum, reflecting long-term conviction. 6. Are individual billionaires investing in Ethereum too? High-net-worth individuals are beginning to make bold Ethereum plays. Peter Thiel , through his Founders Fund, has taken a significant stake in BitMine, a company holding hundreds of thousands of ETH—showing elite investor interest in Ethereum's future. 7. Does the U.S. government own Ethereum? Yes, through asset seizures, the U.S. government has acquired ETH holdings. Following high-profile crypto crackdowns and seizures (such as the Bitfinex hack), U.S. authorities now reportedly hold around 60,000 ETH , making them one of the notable institutional holders. 8. Why Ethereum Is Attracting Massive Institutional Interest Ethereum is entering a new era of adoption, not just by individual investors—but by some of the world's most powerful financial institutions and corporations. From BlackRock's $9B ETF inflows to public companies holding over $1B in ETH , the data shows clear momentum. With strong ETF demand, growing staking participation, and strategic whale accumulation, Ethereum is transitioning from a speculative asset to a mainstream institutional investment . This transformation is tightening supply, driving prices higher, and setting the stage for a potential breakout above $4,000 and beyond.
Economic Times
a day ago
- Economic Times
HDFC merger continues to remain a drag on bank credit growth
Synopsis As the banking landscape evolves post-merger, the focus remains on balancing growth while ensuring stability within the financial system. The coming months will be crucial in determining how HDFC Bank navigates these challenges and capitalises on emerging opportunities in the market. ANI The home loan portfolio, traditionally HDFC's core strength, has been particularly affected. The recent merger between HDFC and HDFC Bank has significantly impacted credit growth in the Indian banking sector. In the financial year 2024 (FY24), this merger led to a marked slowdown in bank credit growth, which continued into FY25 and pulled overall industry credit growth down to single digits in the first quarter of FY26. As per data from the Reserve Bank of India (RBI), bank credit growth was recorded at 9.5% at the close of Q1, while deposits showed a healthier growth of 10.1%. In contrast, HDFC Bank's outstanding loans rose by only 6.7%, and its deposits increased by 16.2%.As the banking landscape evolves post-merger, the focus remains on balancing growth while ensuring stability within the financial system. The coming months will be crucial in determining how HDFC Bank navigates these challenges and capitalises on emerging opportunities in the decline in loan growth, which fell from a robust 15-17% before the merger to just 5.4% in FY25, has become a concern for the broader banking merger aimed at restoring balance sheet stability resulted in a spike in the credit-deposit (CD) ratio, which reached 110% post-merger. To counter this, HDFC Bank adopted a strategy to bring the CD ratio down to approximately 95%. HDFC Bank Managing Director and CEO Sashidhar Jagdishan noted that the bank intentionally slowed down its average advances growth to around 7% last year to meet these strategic objectives. However, growth in Assets Under Management (AUM) has reportedly improved to 8% in the June 2025 affected has been the home loan portfolio, traditionally HDFC's core strength. This segment has seen a year-on-year growth of just 7%, lagging behind the industry average of 9%. Jagdishan acknowledged that the mortgage market is facing intense competition, especially from public sector banks offering lower interest rates between 7.1% and 7.3%.Rather than engage in a pricing war, HDFC Bank has opted to price its loans 50-80 basis points higher, focusing on superior service and fostering wider customer ahead, HDFC Bank anticipates a recovery in consumption in both urban and rural markets, aided by the approaching festival season. Factors such as improved sentiment, lower interest rates, and fiscal incentives are expected to drive the bank has noted a positive momentum in the Micro, Small, and Medium Enterprises (MSME) sector, buoyed by early exports aiming to benefit from potential tariff the staffing front, HDFC Bank has hired around 4,000 employees in the latest quarter to bolster its branch operations. Jagdishan highlighted the bank's objective of increasing customer-facing and revenue-generating roles as part of its long-term strategy.
