Gold ETFs: An investment of Rs 446 crore has come in Gold Exchange Traded Fund (ETF) in the month of September. This inflow of investment is expected to continue for now due to strong demand in view of the festive season in the country. Last month, a net investment of Rs 24 crore came in Gold ETF. According to the data of Association of Mutual Funds in India (Amfi), investors had pulled out a net Rs 61.5 crore from gold ETFs in July.
3,515 crore total investment
So far, a net investment of Rs 3,515 crore has been received in the Gold ETF category. Apart from this, only July was the month when there has been withdrawal from it. With fresh inflows, the number of folios in this category increased by 14 per cent to 24.6 lakh in September from 21.46 lakh in August. So far this year, the number of folios has increased by 56 percent.
Know what is the opinion of experts
Market experts believe that the ‘correction’ in the prices of the yellow metal ahead of the festive season has led to an increase in investment in gold ETFs. Preeti Rathi Gupta, Founder, LXME said, “Gold ETFs have had a very good flow in the last month. Investing in it is a safe option for investors in the volatile market, due to which the investment in it has increased. Apart from this, due to the rising prices of gold, investors are also getting attracted towards it.
What is Gold ETF
Let us tell you that Gold ETF also trades in the stock market like equity shares. Any investor can buy or sell it through demat account. Apart from this, nowadays you can also buy or sell it through many online platforms.
There are many gold ETFs available in the market.
At present, there are many types of Gold ETFs available in the market like Nippon India ETF Gold, SBI-ETF Gold, HDFC Gold ETF, Kotak Gold ETF, ICICI Pru Gold ETF, Axis Gold ETF, UTI Gold ETF, Quantum Gold Fund ETF etc. You can invest money in it according to the returns and your investment tenure.
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