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AUM under gold ETFs cross Rs 110bn: Amfi

In June, investor wealth in gold ETFs surpassed the psychological mark of Rs 10,000 crore; it was just above Rs 5,000 crore level in May 2011.

October 10, 2012 4:17 IST | India Infoline News Service

The size of assets held through gold exchange traded funds (ETFs) have reached an all-time high of Rs 11,198 crore, as investors continue to seek refuge in the yellow metal amid persistent concerns about slowdown in the economy.

According to data compiled by the Association of Mutual Funds in India (AMFI), the assets under management (AUM) of gold ETFs crossed the Rs 11,000 crore mark in September from Rs 10,701 crore in August.

In June, investor wealth in gold ETFs surpassed the psychological mark of Rs 10,000 crore; it was just above Rs 5,000 crore level in May 2011.

There are as many as 25 different gold ETF schemes across 14 different fund houses.

In FY12, over Rs 3,600 crore was pumped into gold ETFs while inflows worth Rs 2,250 crore made their way into gold ETFs in FY11.

Gold prices have more than tripled from Rs 10,000 levels to Rs 31,000 in the last five years.

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