For the quarter ended June 2021, investors invested Rs 1,328 crore in Gold Exchange Traded Funds (ETFs). Experts say the inflow of investment will continue for the remaining months of the current financial year. This information is derived from data from the Association of Mutual Funds of India (Amphi). The total number of investments in gold ETFs in the same quarter last year was Rs 2,040 crore.
Chirag Mehta, Senior Fund Manager (Alternative Investment) of Quantum Mutual Fund, said, “Considering the Kovid-19 pandemic, investment in gold ETFs in the June quarter last year was significant. In the June quarter of this year, investment inflows were slightly lower than expected for the economy’s recovery. Arshad Fahoum, chief product officer of MarketPulse, said investment in gold ETFs increased last year due to the fluctuations in property prices due to the epidemic and inflation.
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“The inflow of gold ETFs is very strong in the first half of 2020-21,” said Divam Sharma, co-founder of Green Portfolio. Investors were attracted to gold ETFs due to uncertainty amid the first wave of Kovid-19. “With the start of trading activity and the performance of the stock markets, investors are now switching to gold. Investment in gold is also influenced by bitcoin.
According to Amfi data, gold ETFs in the first three months of 2021 were worth Rs 1,779 crore. 1,328 crore in the next three months. Despite the lower inflows of investment, gold ETFs’ management (AUM) assets rose to Rs 16,225 crore at the end of June 2021. 10,857 crore by the end of June 2020.
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