News From Press Gold ETFs log Rs 248-cr outflow in Feb as investors prefer equity funds

Gold ETFs log Rs 248-cr outflow in Feb as investors prefer equity funds

Source: ET Mar 21, 2022

Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 248 crore in February, making it the second consecutive month of withdrawals as investors preferred equities over other segments on record SIP flows. Net outflows from the gold ETFs were at Rs 452 crore in the month of January. Prior to that, the asset class had seen a net investment of Rs 313 crore, according to the data of Association of Mutual Funds in India (Amfi).

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