Investors shy away from gold funds: AMFI

India Infoline News Service | Mumbai |

Just about Rs. 60 million flowed into gold exchange-traded funds which is the lowest amount since March 2009

Investors interest in gold mutual funds seems to be declining as gold ETFs (exchange traded funds) have registered redemption worth Rs. 5.94 billion in August, according to data released by the Association of Mutual Funds in India (AMFI) last week.

At the same time, just about Rs. 60 million flowed into these funds which is the lowest amount since March 2009.

On the other hand, there was a surge in fixed maturity plans (FMPs). Almost Rs. 200 billion were invested in these instruments in August, up from about Rs. 90 billion in July and about Rs. 30 billion in June, the AMFI data further indicated.
 

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