Investors have pulled out 110 crore rupees from gold exchange-traded funds in January, taking the total outflow to 679 crore rupees in the first 10 months of the current fiscal. The outflow meant assets under management of gold funds plunged over 15 percent in January to 4,906 crore rupees, from 5,670 crore rupees in the year-ago period, latest update with the Association of Mutual Funds in India showed. With the latest outflow, the total pullout has reached to 679 crore rupees in April to January period of the ongoing fiscal.
News On AIR | February 11, 2018 5:03 PM
Investors pull out Rs 110 crore from gold exchange-traded funds in January