In India, Gold exchange traded funds (ETFs) continue to rise in popularity.
According to AMFI (Association of Mutual Funds in India), the industry body of the Rs. 6.42 lakh crore mutual fund (MF) industry, gold ETFs recorded their highest monthly inflow ever. A total of Rs.1,234 crore came into gold ETFs in September, 2011 alone. This is more than half of what they collected throughout the last 2010.
A total of RS. 246 crore also went out of gold ETFs in September; their second highest monthly withdrawal ever. The highest outflows from gold ETFs took place in August 2011 to the tune of Rs.363 crore). Overall, gold ETFs saw its highest ever net inflows.
According to AMFI (Association of Mutual Funds in India), the industry body of the Rs. 6.42 lakh crore mutual fund (MF) industry, gold ETFs recorded their highest monthly inflow ever. A total of Rs.1,234 crore came into gold ETFs in September, 2011 alone. This is more than half of what they collected throughout the last 2010.
A total of RS. 246 crore also went out of gold ETFs in September; their second highest monthly withdrawal ever. The highest outflows from gold ETFs took place in August 2011 to the tune of Rs.363 crore). Overall, gold ETFs saw its highest ever net inflows.
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