Stay updated with breaking news from நிஷாந்த் கோஹ்லி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Economic downturn because of the coronavirus pandemic and weakness in the dollar encouraged investors to infuse a massive Rs 6,657 crore into gold exchange-traded funds in 2020. In comparison, a net inflow of just Rs 16 crore was seen in entire 2019. The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets. Assets under management of gold funds surged over two-fold to Rs 14,174 crore at the end of December 2020 from Rs 5,768 crore a year ago, data from the Association of Mutual Funds in India showed. ....
Synopsis The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets. Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020. In comparison, a net inflow of just Rs 16 crore was seen in the entire 2019. The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets. Assets under management of gold funds surged over two-fold to Rs 14,174 crore at the end of December 2020 from Rs 5,768 crore a year ago, data from the Association of Mutual Funds in India showed. ....
Gold ETF inflow surges over 400 times to Rs 6,657 crore in 2020 SECTIONS Last Updated: Jan 10, 2021, 01:51 PM IST Share Synopsis The inflow came after a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets. Agencies Gold funds assets under management (AUM) jumped more than two times. NEW DELHI: Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020. In comparison, a net inflow of just Rs 16 crore was seen in the entire 2019. The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets. ....
This is how mutual funds came to rescue new investors in pandemic-ravaged 2020 PTI New Delhi: For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world. After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020. Experts believe the new year is expected to be even brighter for the industry. ....
Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020 SECTIONS Last Updated: Dec 28, 2020, 09:39 AM IST Share Synopsis After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020. The AUM of the mutual fund industry grew by 13 per cent to an all-time high of Rs 30 lakh crore in 2020 by November-end itself, from Rs 26.54 lakh crore at the end of December 2019 For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world. ....