Kotak MF's Nilesh Shah pitches monetising 25,000 tonnes of idle household gold for Viksit Bharat
At a PHD Chamber event in New Delhi, Kotak MF MD Nilesh Shah urged India to mobilise ~25,000 tonnes of idle household gold and ease compliance burdens, citing $510B in gold imports over 25 years. He flagged gold-loan financing as the fastest-growing retail segment at Rs 6 lakh crore — a tailwind for jewellers and lenders.
What happened
Kotak Mutual Fund · Kotak MF's Nilesh Shah urged monetising India's ~25,000 tonnes of idle household gold and easing compliance burdens. He flagged gold loan
Key facts
- $510 billion gold imports (25 years)
- 25,000 tonnes household gold
- Rs 6 lakh crore gold loan financing
Why this matters
Scout bolt-on acquisitions or JVs with regional gold-loan NBFCs and digital gold platforms to front-run a likely policy-led mobilisation of 25,000 tonnes of household gold.