Investors invested Rs 3,500 crore in Gold ETF in the first half of this year. In the midst of the covid-19 crisis, investors have invested money in gold exchange traded funds, considered safe havens, instead of lossy investment options. According to the data available with the Association of Mutual Funds in India (Amfi), between January and June last year, the investor withdrew Rs 160 crore from this fund. This category is included in the tremendous performance from the middle of last year till now. Since August, 2019, investors have invested Rs 3,723 crore in Gold ETFs.
According to the data, from January 1 to June 30 this year, investors invested a total of Rs 3,530 crore in gold ETFs. In January, Investor invested Rs 202 crore in Gold ETF. At the same time, in February, Investor invested Rs 1,483 crore in this fund. Investor pulled out 195 crore rupees in March for profit.
In April, the investor invested Rs 731 crore in this fund. Explain that in May and June this fund invested Rs 815 crore and Rs 494 crore respectively. Also, Himanshu Srivastava, Senior Research Analyst (Manager Research), Morningstar Investment Advisor India, said, The increase in the case of Kovid-19 has clouded the prospects of quick recovery. Due to this, the investor has reduced his losses by investing a portion of his assets in gold because gold is considered safe in terms of investment in times of uncertainty.
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