Investors are disillusioned with Gold ETFs. In the first 5 months of the financial year 2018-19, investor has invested Rs 241 crore from Gold Exchange-traded funds (Gold ETFs), while in August, the fund has withdrawn Rs 45 crore. The investment has increased.
5 months Gold Funds AUM Rs 4445 Crore Minus
According to the figures released by the Association of Mutual Fund of India (AMFI), the assets of gold funds under the Financial Institutions (AUM) 7.5 percent in the first 5 months of FY 2018-19. By the end of August, the AUM has decreased by Rs 4,445 crore.
Gold ETFs are getting out of money in the past five years. However, in 2012-13, the fund had an investment of Rs 1,414 crore.
Investing in equities in place of gold in the stock market rally
According to industry experts, Indian investors have been disillusioned with Gold ETFs with better returns in the stock market. That's why money is being released from the Gold Fund for the last 5 years. Morningstar manager research director Kaushutha Belapurkar says that Indian investors prefer to buy gold in physical form instead of ETFs. Typically, investing 5-10% of the investor's portfolio is invested in gold. This is the reason why investors are investing in equity rather than investing in gold and elsewhere.
Look at the statistics
The advantage or loss in gold ETFs depends on the price of gold in the market. According to the data, 14 gold linked ETFs have been withdrawn from 45 crores in August, while in July this fund had generated 50 crores. In August last year, gold ETF was withdrawn from Rs 58 crores.
Increasing investment in tax saving schemes
On the contrary, money is being levied by Gold ETF, while investment in equity and equity linked schemes (ELSS) is increasing rapidly. Last month, the fund had invested Rs 7,700 crore.
5 months Gold Funds AUM Rs 4445 Crore Minus
According to the figures released by the Association of Mutual Fund of India (AMFI), the assets of gold funds under the Financial Institutions (AUM) 7.5 percent in the first 5 months of FY 2018-19. By the end of August, the AUM has decreased by Rs 4,445 crore.
Gold ETFs are getting out of money in the past five years. However, in 2012-13, the fund had an investment of Rs 1,414 crore.
Investing in equities in place of gold in the stock market rally
According to industry experts, Indian investors have been disillusioned with Gold ETFs with better returns in the stock market. That's why money is being released from the Gold Fund for the last 5 years. Morningstar manager research director Kaushutha Belapurkar says that Indian investors prefer to buy gold in physical form instead of ETFs. Typically, investing 5-10% of the investor's portfolio is invested in gold. This is the reason why investors are investing in equity rather than investing in gold and elsewhere.
Look at the statistics
The advantage or loss in gold ETFs depends on the price of gold in the market. According to the data, 14 gold linked ETFs have been withdrawn from 45 crores in August, while in July this fund had generated 50 crores. In August last year, gold ETF was withdrawn from Rs 58 crores.
Increasing investment in tax saving schemes
On the contrary, money is being levied by Gold ETF, while investment in equity and equity linked schemes (ELSS) is increasing rapidly. Last month, the fund had invested Rs 7,700 crore.
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