Gold prices crossed a remarkable milestone by hitting a lifetime high on March 4. Analysts will be keenly watching gold, which is already riding high on the back of geopolitical tensions, in the months ahead as the US looks to cut interest rates.
This was in comparison to a net outflow of Rs 273 crore registered in the segment in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data with Association of Mutual Funds in India (Amfi) showed.
Traditionally, investors looked at gold as an effective hedge against volatility in the stock market. Over the last few years, increasing digitisation also ensured that more investors get to invest in a convenient manner.
Physical gold is no longer the sole investment option for people looking to add sheen to their finances this festive season. Sakshi Batra does a 3 point analysis on which form of gold can yield better returns this Diwali.
In comparison, 14 gold-linked ETFs had witnessed a withdrawal of Rs 388 crore in the first half of 2017-18, latest data with industry body Amfi showed.
Trading in gold ETF segment has been tepid during the last four financial years. It has witnessed outflows of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore 2014-15 and Rs 2,293 crore in 2013-14.
The outflow meant assets under management (AUMs) of gold funds plunged by over 22 per cent during the quarter to Rs 5,174 crore, from Rs 6,645 crore in the year-ago period.
Investment advisors say the bonds offer a good portfolio diversification option. They also offer the twin benefit of capital appreciation and regular returns, besides not having the risk of handling like physical gold.
The outflow meant asset under management (AUM) of gold funds plunged by around 11 per cent so far in the current financial year.
Trading in Gold ETF segment has been tepid in the last three financial years. They had witnessed an outflow of Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2015-16, 2014-15 and 2013-14, respectively.
Besides, the exchange will conduct 'muhurat' trading session on account of Diwali Laxmi Pujan on October 30 from 1830 hrs to 1930 hrs.
Besides, the exchange will conduct 'muhurat' trading session on account of Diwali Laxmi Pujan on October 30 from 1830 hrs to 1930 hrs.
This also marks the highest monthly outflow since June 2014, when gold-backed ETFs saw a pullout of Rs 227 crore.
Occasions like, Dhanteras, Diwali and Akshaya Tritiya are considered auspicious to buy valuables like gold in India.
The Reserve Bank today directed banks not to give loans for purchase of gold in any form, including primary gold, bullion and jewellery, to dissuade people from indulging in speculative activity.
Get an insight on the importance of Gold in your portfolio especially since it acts as a protector of wealth against inflation. Also check out various mutual fund options to accelerate your wealth via Gold
Gold ETF is the unique product that offers retail investors to invest in gold in dematerialized form through their normal demat accounts. With the simplified features and many other benefits, this asset class proves to be the best product for the retail investors.
According to the AMFI, assets under Gold ETFs fell by 2.2% over the month to Rs 101 billion in June. The reason for outflow is mainly attributed to profit booking after the price of the metal rose sharply in the past one year due to global risk aversion and domestic buying.
Crisil is out with its latest report on the performance of Mutual Fund industry amid volatile market
CRISIL Research has come out with its report on the mutual fund month end AUM numbers released by AMFI for the month of April 2012.
Spending on gold at this year's Hindu and Jain holy festival of Akshaya Tritiya in India has been subdued compared with the usual splurge.
Ahead of Akshay Tritiya, all that glitters is gold. Considered an auspicious occasion to buy the yellow metal, investors are now banking on gold exchange traded funds (ETFs) which have been performing well.
The National Stock Exchange [NSE] has decided to have an extended trading session for gold exchange traded funds, after trading concludes in the cash and derivative segments at 3:30 pm, on April 24.
On this auspicious day on Dhanteras, Chirag Mehta, fund manager commodities at Quantum AMC says that it’s time for Indians to consciously make gold a part of their investment strategy.
Gold has always been a favorite asset class among Indian investors. Read this space to know different avenues to invest in Gold this Diwali.