Why is India’s interest in gold ETFs falling?

With equity markets rising (the S&P BSE Sensex has returned 15% in the last 2 years and 26% so far this year), it’s no wonder that other assets—especially gold—have taken a back seat. According to the Association of Mutual Funds of India (Amfi), equity funds have seen net inflows (more money came in than went out) of Rs1.78 trillion so far in 2017. Compared to this, gold exchange-traded funds (ETFs) have seen a net outflow (more money went out than came in) of Rs587 crore. The past 4 years have seen a surge of money coming into equity funds and money moving out of gold. Why are investors running away from gold? Are gold ETFs all that bad and should you sell your remaining stock of gold ETFs?

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