Inflow into gold ETFs climbs over 4-fold to Rs 6,900 crore in FY21

Inflow into gold ETFs climbs over 4-fold to Rs 6,900 crore in FY21
PTI
New Delhi |
Updated on
April 11, 2021
Gold-backed ETFs are passive investment instruments that are based on price movements and investments in physical gold
Heightened risk and uncertainty sparked by the Covid-19 pandemic elicited investors to rush to gold as safe haven as they infused over Rs 6,900 crore in gold exchange-traded funds (ETFs) in 2020-21, more than four times from the preceding fiscal.
This also marks the second consecutive year of inflow. Prior to that, gold ETFs have been witnessing outflows since 2013-14, data from the Association of Mutual Funds in India (AMFI) showed.

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