Gold ETFs Outshine Equity Funds in January as Demand Surges
Mumbai – In a historic shift, Indian investors poured more money into gold Exchange Traded Funds (ETFs) than equity-oriented mutual funds in January, according to AMFI data.
- Record Inflows: Gold ETFs saw a record ₹24,040 crore inflow, more than double December’s figures.
- Equity Decline: Equity-oriented funds experienced a 14% drop in inflows to ₹24,029 crore.
- Rising Gold Prices: Increased demand for gold has risen amid a weakening US dollar, central bank buying, and global instability.
- Silver surge: Silver ETFs witnessed a net inflow of ₹9,463 crore, with an AUM of ₹1.17 lakh crore.
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