Gold ETFs see Rs 250 crore outflow in April-July FY18
The Gaza Post|The News of Palestine-New Delhi
Gold exchange traded funds (ETFs) continued losing popularity as an investment class with investors pulling out over Rs 250 crore from the instrument in April-July of this fiscal, preferring equities over them.
Trading in gold ETF segment has been tepid during the last four financial years. It has witnessed outflows of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore 2014-15 and Rs 2,293 crore in 2013-14.
On the other hand, equity and equity-linked savin.