The total redemption that took place between January- March 2021 was Rs 143 crore.
According to Nirmal Jain, chairman of IIFL, retail investors have follows the FIIs and instiutional investors in general but only when there is a broad based rally.
Given that the fundamentals of Indian market have still not changed and the current market rally is driven by fall in commodity prices, it may not sustain, believes Gautam Trivedi, MD & Head of Equities-India, Religare Capital Markets.
Gold fell more than 1 percent on Tuesday as a stronger dollar put pressure on prices and as the outflow from the world's biggest gold exchange-traded fund (ETF) accelerated and accentuated an investor shift towards equities and other assets.