Gold ETFs see Rs 280 Crore Pulled out
However, the segment had witnessed an infusion of Rs 1,414 crore in 2012-13.
New Delhi: Gold exchange-traded funds (ETFs) continue to lose steam, with investors pulling out Rs 280 crore during the April-November period of the current fiscal, preferring to invest in equities despite volatile markets.
In comparison, 14 gold-linked ETFs had witnessed a withdrawal of Rs 511 crore in the first eight months of 2017-18, the latest data from Amfi showed.
The outflow razed the assets under management (AUMs) of gold funds by 11 per cent to Rs 4,385 crore at the end of November, from Rs 4,922 crore a year ago.
Gold ETF trading has been tepid during the past five financial years. It saw an outflow of Rs 835 crore in 2017-18, Rs775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore in 2014-15 and Rs 2,293 crore in 2013-14.
However, the segment had witnessed an infusion of Rs 1,414 crore in 2012-13.