Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures.
This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in 2020, data with Association of Mutual Funds in India (Amfi) showed.
However, the asset base of gold ETFs and investors’ account or folio numbers increased in 2022 from the preceding year.
“A rising price (of gold) probably puts some pressure on investors, with a lot of people holding back their investments while they wait for a correction. A rising interest rate structure coupled with inflationary pressures that the economy has been witnessing for most part of this year has also posed challenges,” Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said.
On the domestic front, investors are preferring to invest in equities over other asset classes with the segmen
Posts in category Business Standard
Inflow in gold ETFs drops 90% in 2022; asset base, investors account grow (22-01-2023)
FPIs pull out Rs 15,236 crore from equities in Jan as China reopens (22-01-2023)
The outflow in January came following a net inflow of Rs 11,119 crore in December and Rs 36,239 crore in November
Markets regulator Sebi launches information database on municipal bonds (22-01-2023)
Markets regulator Sebi has launched an information database on municipal bonds.
As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on January 20 and 21, according to a release on Sunday.
Representatives from various stakeholders, including the Ministry of Housing and Urban Affairs, municipal corporations, stock exchanges, credit rating agencies, merchant bankers and debenture trustees, participated in the programme.
At the event, Sebi Chairperson Madhabi Puri Buch emphasised the potential of municipal bonds in infrastructure development and nation building.
The information database was launched at the event.
“The information database contains a wide range of information in the form of statistics and regulations, circulars, guidance note and Frequently Asked Questions issued by Sebi in respect of municipal debt securities,” it said.
According to the release, the repository con
Markets regulator Sebi launches information database on municipal bonds (22-01-2023)
Markets regulator Sebi has launched an information database on municipal bonds.
As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on January 20 and 21, according to a release on Sunday.
Representatives from various stakeholders, including the Ministry of Housing and Urban Affairs, municipal corporations, stock exchanges, credit rating agencies, merchant bankers and debenture trustees, participated in the programme.
At the event, Sebi Chairperson Madhabi Puri Buch emphasised the potential of municipal bonds in infrastructure development and nation building.
The information database was launched at the event.
“The information database contains a wide range of information in the form of statistics and regulations, circulars, guidance note and Frequently Asked Questions issued by Sebi in respect of municipal debt securities,” it said.
According to the release, the repository con
Crypto firms go out of business as cryptocurrency collapse continues (22-01-2023)
Company officials blame the failure on the low liquidity of the crypto market caused by last November’s collapse of FTX, and other abnormal developments in the industry in recent months
Four of top-10 firms add Rs 82,481 cr in mcap; HDFC Bank, Adani Total shine (22-01-2023)
Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers.
While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation of India (LIC) faced erosion from their market valuation.
Last week, the 30-share BSE benchmark Sensex climbed 360.59 points or 0.59 per cent.
The valuation of HDFC Bank rallied Rs 33,432.65 crore to Rs 9,26,187.54 crore, the most among the top-10 firms.
Adani Total Gas, the new entrant to the coveted list, added Rs 22,667.1 crore, taking its market valuation to Rs 4,30,933.09 crore.
HDFC’s valuation jumped Rs 17,144.18 crore to Rs 4,96,067.07 crore and that of Infosys climbed Rs 9,236.74 crore to Rs 6,41,921.69 crore.
However, the market capitalisation (mcap) of Hindustan Unilever tumbled Rs 17,246 crore to Rs 5,98,758.09 crore.
The valua
Signature Bank pulls back from crypto transactions below $100,000: Binance (22-01-2023)
The shift comes after the Federal Deposit Insurance Corporation warned of crypto-asset risks
Gold, silver prices rise in early trade; yellow metal selling at Rs 52,350 (21-01-2023)
In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold is selling at Rs 57,110 and Rs 52,350, respectively
Sensex, Nifty fall for 2nd day on global economic slowdown concerns (20-01-2023)
The broader NSE Nifty fell by 80.20 points or 0.44 per cent to end at 18,027.65 as 36 of its stocks closed with losses
Layoff season continues: Wipro fires 452 freshers on performance grounds (20-01-2023)
Wipro’s attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23