As a result, net inflows drop to just 38% of gross collections
Outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations
After three straight quarters of outflows, gold exchange-traded funds (ETFs) attracted Rs 298 crore in the April-June period, and experts believe that investors will continue to invest some portion of their assets in the safe haven product. However, the inflows were down by almost 80 per cent compared to the year-ago period. On the other hand, the asset base of gold ETFs and investors' account or folio numbers increased in the quarter under review, the Association of Mutual Funds in India (Amfi) data showed. According to data, gold-linked ETFs have seen an inflow of Rs 298 crore in the April-June quarter of the current fiscal (2023-24). This came following an outflow of Rs 1,243 crore in the March quarter, Rs 320 crore in the December quarter,r and Rs 165 crore in the September quarter. Before that, Gold ETFs witnessed an inflow of Rs 1,438 crore in the quarter ended June 2022. The moderate flows into Gold ETFs in the last few quarters could be because of combinations of removal o
While withdrawals were concentrated in a hectic two-week period in October, the full scale of the exodus - 110.5 billion francs - still surprised analysts
The latest bout of outflows come amid a sharp surge in the equity markets
Amfi data shows that floater funds saw net outflows of Rs 10,323 crore, highest in the current financial year, in Feb
The total outflow from the category has reached to $6.5 billion so far in this calendar year (until June 2020), which is noticeably higher than the $5.9 billion outflow in the full 2019 calendar year
Investors move towards debt, gold ETF, eyeing pockets of safety
Of the $18 billion in outflows since Nov. 9, $11.3 billion came from debt securities