 "Flows into gold exchange-traded funds moderate as equities rally")
The surge in the equity market has taken some sheen off gold investing. In May, inflows into gold exchange-traded funds (ETFs) offered by mutual funds (MFs) declined to their lowest level in six months. Gold ETFs saw a net inflow of Rs 288 crore – the lowest since November 2020, when the industry had reported a net outflow of Rs 141 crore.
“The lower quantum of net inflow in May could be attributed to equity markets doing well and investors diverting a relatively large portion of their investments there,” said Himanshu Srivastava, associate director-manager research, Morningstar India.
In
“The lower quantum of net inflow in May could be attributed to equity markets doing well and investors diverting a relatively large portion of their investments there,” said Himanshu Srivastava, associate director-manager research, Morningstar India.
In
