Gold ETFs witness outflow of over Rs. 200 crore in Q1
Jul 12 2017
News Category: Industry Update
According to the data from Association of Mutual Funds of India, Gold Exchange Traded Funds (ETF) witnessed outflow of Rs. 218 crore during the first quarter of 2017-18. Gold ETF had seen outflow of Rs. 228 crore for the same period last year, and an outflow of Rs. 81 crore in Jun 2017. Gold ETF, an instrument based on price movements, saw the outflow as investors preferred equities over it.