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Gold ETFs see total outflow of Rs 679 crore during April-January period

12 Feb 2018 Evaluate

Investors have pulled out Rs 110 crore from Gold Exchange-Traded Funds (ETF) in January on account of poor returns. This takes the total outflow to Rs 679 crore in the first 10 months of the current fiscal.

As per data compiled by Association of Mutual Funds in India (AMFI), the outflow meant assets under management (AUM) of gold funds plunged by over 15% during the period under review to Rs 4,906 crore, from Rs 5,670 crore in the year-ago period.

Trading in Gold ETFs has been lukewarm in the previous four fiscals. It had witnessed an outflow of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.