Gold ETFs saw an inflow of Rs 921 cr in July, a surge of 86 pc from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices.
New Delhi:
With this, net inflow in gold exchange traded fund or ETF category has reached to Rs 4,452 cr in the first 7 months of the year,data with the Association of Mutual Funds in India (Amfi) showed.
As per the data, a net sum of Rs 921 cr was pumped into gold-linked ETFs last month, higher than the net Rs 494 cr in June. The inflows meant assets under management of gold ETFs climbed by 19 pc to Rs 12,941 crore at the end of July, from Rs 10,857 crore at June-end.
Month-wise, investors put in a net Rs 202 cr in January, Rs 1,483 cr in February, but withdrew Rs 195 cr in March on profit-booking. Inflows resumed in April at Rs 731 cr, followed by Rs 815 cr in May.