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Gold ETFs attract Rs 815 cr inflows in May on investors' safe haven appeal

The category has been one of the better performing asset classes since last year

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The inflows meant assets under management (AUM) of gold funds climbed to Rs 10,102 crore at the end of May, from Rs 9,198 crore at the end of April

Press Trust of India New Delhi

3 min read Last Updated : Jun 14 2020 | 11:30 AM IST

Gold exchange traded funds saw net inflows of Rs 815 crore in May as investors preferred safe haven options amid stock market volatility and the coronavirus crisis.

The category has been one of the better performing asset classes since last year. Since August 2019, gold ETF segment has received net inflows of Rs 3,299 crore.

According to latest data available with the Association of Mutual Funds in India (Amfi), a net sum of Rs 815 crore was pumped into gold-linked ETFs in May, much higher than the net Rs 731 crore infused in April.

However, the category had seen a net outflow of

Topics : Coronavirus stock markets Gold ETFs Investors Gold safe haven mutual fund assets

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