News From Press Gold ETFs see outflows of Rs 267 crore in Jan-March Quarter

Gold ETFs see outflows of Rs 267 crore in Jan-March Quarter

Source: PTI/The Economic Times Apr 18, 2018

The gold exchange traded funds have seen an outflow of Rs 267 crore in the first three months (January-March) of 2018. However, the quantum of outflows has come down from Rs 110 crore in January to Rs 62 crore in March. Mutual fund advisors believe that the outflows are mainly due to poor returns offered by these schemes and the volatility in gold prices.

According to data from Association of Mutual Funds in India (AMFI), investors pulled out Rs 110 crore in January and Rs 94 crore in F ..

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