new Delhi. During the first half of this year (January-June, 2020), more than Rs 3,500 crore has been invested in Gold Exchange Traded Fund (Gold ETF). The Association of Mutual Funds India (AMFI) has given this information in its latest figures. According to the association, investors withdrew Rs 160 crore from the Gold ETF in the same period last year. The trend of investors in gold ETFs has increased since August last year. Since then, investors have invested Rs 3,723 crore in it.
According to Amphi, in the first half of this year, investors invested a net Rs 3,530 crore in gold ETFs. The highest investment of Rs 1,483 crore was made in February this year and Rs 815 crore in May. Investors invested Rs 731 crore in Gold ETFs, Rs 494 crore in June and Rs 202 crore in January. However, after a large investment in February, investors booked profits in March and pulled out 195 crore.
Overall, in five months of the half-year, investors made the Gold ETF a safe investment destination. Due to this increased investment, the Asset Under Management (AUM) of Gold Funds increased to Rs 10,857 crore at the end of June this year. It stood at just Rs 4,930 crore at the end of June last year.
Regarding the growing interest in this investment instrument, Himanshu Srivastava, Senior Research Analyst (Manager Research), Morningstar Investment Advisor India, said that as the corona case grew, volatility in the stock markets increased. In this case, investors started looking for a safe place to invest and they increased capital investment in Gold ETFs.
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