Gold ETFs invested 54 million, rising investing in Equity MF
Investors are exiting from gold exchange traded funds (ETFs)
and investing their money in equity mutual funds. According to the figures
released in April, investors have cleared 54 crores purely from Gold
ETF. In March, investors had collected 62 crores from Gold ETF. In
April, new investment of Rs 12400 crores has come in equity mutual funds.
What is the investment
outcome?
 |
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Association of Mutual Fund in India (Amfi) releases data of
every category of mutual funds every month. According to this data, Asset
Under Management (Gold) of Gold Exchange Traded Fund (AUM) was Rs 4802 crores
in April, while in March it was 4806 crores.
Decrease investment
by 5 years
For the last 5 years, continuous investment is coming out
from the Gold Exchange Traded Fund. However, in 2012-13, the net
investment of Rs 1414 crore came in these funds.
year
|
Turned out
|
2017-18
|
835 crores
|
2016-17
|
775 crores
|
2015-16
|
903 crores
|
2014-15
|
1,475 crores
|
2013-14
|
2,293 crores
|
Now the range has
been bound Gold Rate
Gold prices rose sharply between 2005 and 2011-12, but since
then, they are running between $ 1,100-1,400 per ounce. While the price of
gold is range bound, equity has performed well during this period. Because
of this, gold ETF investors are going towards equity. This is the reason
that money has been getting from the Gold ETF for the last 5 years.
Indians like to
keep gold at home
According to Kasturbu Belapurkar, Director of Morning Star
Research, according to tradition in India people like buying gold and buying it
at home, not buying it online. However, keeping gold online is
better. According to him, most investors hold 5-10 gold in their
portfolio.
Increased investment
in equity
On the other hand, investment in equity mutual funds has
increased. A new investment of Rs 12,400 crore was received in equity
schemes in April. In addition, about Rs 1.16 lakh crore investment was
invested in the debt mutual funds scheme. Due to this investment, the
total asset under management (AUM) of all 42 mutual fund companies has
increased to Rs 23.25 lakh crore. This was at 21.36 lakh crores at the end
of March.
This
Data has taken from Money bhasker by This Link Gold ETFs invested 54 million, rising investing in Equity MF
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