The strong rally in the prices of gold to their two-year high has failed to attract fresh inflows into gold exchange traded funds (ETF) in India though the uncertainty in the global markets in the wake of British vote to exit the European Union has slowed down the pace of outflows from such schemes.
According to the latest data on net redemptions and purchases released by Association of Mutual Funds in India (AMFI), the gold ETFs witnessed an outflow of Rs 80 crore in the month of June taking the total outflow from such schemes to Rs 228 crore in 2016. Funds focussed on equities have seen a net inflow of Rs 320 crore in June taking the total inflows into equity schemes to Rs 9,479 crore in 2016.
