Domestic investors are rekindling their interest in gold exchange-traded funds (ETFs), amid a sharp rally in prices of the yellow metal. In January, gold ETFs offered by mutual funds (MFs) saw net inflows of Rs 202 crore, the most since December 2012. In the previous 12 months, the average flows into these investment vehicle was a paltry Rs 16 crore, shows data provided by Value Research.
Further, the assets under management (AUM) of gold ETFs has soared to Rs 6,207 crore, the most since September 2016. In the past one year, assets have soared by over 30 per cent. This surge has ...
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First Published: Wed, February 19 2020. 01:04 IST
