Exchange-traded funds (ETFs) that invest in gold witnessed the highest inflows in the last five months amid softening in the price of the yellow metal. Industry players say that high valuations in Indian equities and increase in volatility might have led to some investors moving to gold funds.
The data from Association of Mutual Funds in India (Amfi) shows that gold ETFs saw net inflows of Rs 446 crore in September. In the current financial year, investors have pumped in Rs 1,735 crore into gold ETFs with highest inflows seen in April at Rs 680 crore. “In the thick of a volatile ...
