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Gold ETFs see total outflow of Rs 835 crore during FY18

12 Apr 2018 Evaluate

Investors have pulled out Rs 835 crore from Gold Exchange-Traded Funds (ETF) in 2017-18, making it the fifth consecutive financial year of outflow. As per data compiled by Association of Mutual Funds in India (AMFI), the outflow has razed the asset under management (AUM) of gold funds by over 12% in the just concluded financial year.

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.

Gold ETFs are passive investment instruments that are based on gold prices that invest in gold bullion.