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Gold saving funds witness Rs 864-crore inflow in April
Gold saving funds and gold ETFs have seen net inflow to the tune of Rs 184 crore and Rs 680 crore, respectively in the month of April, according to data provided by Morningstar India
PTI | May 23, 2021 | Updated 12:52 IST
Gold ETFs are basically exchange-traded funds that invest in gold. They are traded on the stock market and make direct investments in gold
Gold saving funds and gold exchange traded funds (ETFs) witnessed net inflows of Rs 864 crore in April amid uncertain economic environment in the wake of the second wave of COVID-19.
The positive inflow is expected to continue in the financial year 2021-22 as the precious metal remains an under allocated asset in investor portfolios in these uncertain times, Chirag Mehta, Senior fund manager- Alternative Investments at Quantum Mutual Fund, said.