After 6 yrs, gold ETFs witness inflows of over Rs 1,600 cr in 2019-20

As per Amfi data, investors put in a net sum of Rs 1,613 crore in 14 gold-linked ETFs in the just concluded financial year, while they had pulled out Rs 412 crore in 2018-19.

Investors infused over Rs 1,600 crore in gold exchange-traded funds (ETFs) in 2019-20, after pulling out money for the last six financial years, as the coronavirus outbreak spurred safe-haven buying.

Given the threat posed by the coronavirus pandemic to the global economy and markets, this segment may continue to gain traction going ahead, said Himanshu Srivastava, Senior Analyst Manager Research, Morningstar India.

The inflows meant assets under management (AUM) of gold funds surged by 79 per cent to Rs 7,949 crore at the end of March 2020, from Rs 4,447 crore in March-end 2019, data from the Association of Mutual