Gold ETF inflows in India fell sharply in March to Rs 2,266 crore from February’s Rs 5,255 crore, according to AMFI, as geopolitical tensions and price corrections dampened demand, though assets under management stayed strong at Rs 1.71 lakh crore
It seems like many investors were finally compelled to acknowledge the drawbacks of physical gold and give up their inefficient preference for holding it, said Himanshu Srivastava, associate director, Morningstar India.
According to the Amfi data, investors put in a net sum of Rs 6,919 crore in 14 gold-linked ETFs in the just-concluded financial year, much higher than the Rs 1,614 crore invested in 2019-20
The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets
