After three straight quarters of outflows, gold exchange-traded funds (ETFs) attracted Rs 298 crore in the April-June period, and experts believe that investors will continue to invest some portion of their assets in the safe haven product.
However, the inflows were down by almost 80 per cent compared to the year-ago period.
On the other hand, the asset base of gold ETFs and investors’ account or folio numbers increased in the quarter under review, the Association of Mutual Funds in India (Amfi) data showed.
According to data, gold-linked ETFs have seen an inflow of Rs 298 crore in the April-June quarter of the current fiscal (2023-24). This came following an outflow of Rs 1,243 crore in the March quarter, Rs 320 crore in the December quarter,r and Rs 165 crore in the September quarter.
Before that, Gold ETFs witnessed an inflow of Rs 1,438 crore in the quarter ended June 2022.
The moderate flows into Gold ETFs in the last few quarters could be because of combinations of removal o
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