Gold ETFs attract ₹446-cr in September; inflow may continue in coming months on festive season demand
The Hindu
Gold exchange-traded funds’ latest inflow has helped in pushing the number of folios in the category by over 14% to 24.6 lakh in September from 21.46 lakh in the preceding month
Gold exchange-traded funds (ETFs) attracted ₹446 crore in September and inflow may continue in coming months due to strong demand on the back of festival season in the country.
The demand was sharply higher than the net inflow of ₹24 crore recorded in the previous month. In July, the category saw a net withdrawal of ₹61.5 crore, data with the Association of Mutual Funds in India (Amfi) showed.
With this, gold ETF category has received a net inflow of ₹3,515 crore so far. The segment witnessed just one month of net outflows, which was in July.
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