Bangalore: Gold exchange-traded funds (ETFs) are a new zone of investment in the Indian market. Gold trading graph have always shown an upward movement in the past years and the trading records were remarkably high last year. But the investors’ interest for the yellow metal has shown a downfall in the current year, reports Sangeetha G from Mydigitalfc.com.
The Association of Mutual Funds of India (AMFI) has published data stating, the Assets Under Management (AUM) by gold ETFs by a nominal 4.72 percentage point between April and August in contrast to the massive growth of 153 percent during the same period in 2011. And also During the current year April-August period, gold ETFs witnessed a net loss of Rs.35 crore which is quite the opposite to the Rs.1,670 crore inflows in the same period last year.
The AUMs had shown a progressive record during the April-August period last year from Rs.2,993 crore to Rs.7,578 crore in five months durations. However in 2012, the AUMs faintly rose from Rs.10,218 crore in April to Rs.10,312 crore in May, but then it dipped to Rs.10,086 crore in June. By August, the AUM managed to rise to Rs.10,701 crore.
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