Investors remained bearish on gold exchange traded funds (ETFs) and pulled out more than Rs 130 crore from the instrument in the first two months of the current fiscal, preferring to invest in equities.
Trading in gold ETF segment has been tepid during the last four financial years. It had witnessed outflows of Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2015-16, 2014-15 and 2013-14 respectively.