Investors continued to pull out money from gold Exchange-Traded Funds (ETFs). They pulled out Rs 54 crore from the instrument in April this year. In comparison, the investment instrument had witnessed a net outflow of Rs 66 crore in April last year.
As per the data compiled by Association of Mutual Funds in India (AMFI), Gold ETFs witnessed an outflow of Rs 835 crore, Rs 775 crore, Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2017-18, 2016-17, 2015-16, 2014-15 and 2013-14, respectively.
Gold ETFs are passive investment instruments that are based on price movements and investments in physical gold.