In November, Gold ETFs see net outflow of Rs 195 crore

India Infoline News Service |
14 Dec, 2022 |
9:49 AM

Gold exchange-traded funds (ETFs) saw a net outflow of Rs 195 crore in November after receiving investments in October, mainly due to investors taking profits amid a market surge. The segment recorded a net inflow of Rs 147 crore in October and Rs 330 crore in September, respectively. Data from the Association of Mutual Funds in India (Amfi) previously showed that there had been a net withdrawal of Rs 38 crore from gold ETFs in August.

As investors may have opted to purchase real gold during the holiday season, the fund inflow in October was primarily driven by demand. According to the report, the net inflow into the gold ETF category this year has totaled Rs 1,121 crore. Assets under management (AUM) of the instrument increased to Rs 20,833 crore at the end of November from Rs 19,882 crore at the end of October, despite the outflow.

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In November, Gold ETFs see net outflow of Rs 195 crore

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