Investors showed enthusiasm towards Gold Exchange Traded Funds (ETFs), which are considered a safe haven during uncertain times, and pulled out money last month in April and subsequently invested Rs 125 crore. These figures tell us the Association of Mutual Funds in India (AMFI) shows.
Gold ETFs
Gold Futures Scaled Lifetime Highs of ₹ 56,191 per 10 gram – GSR
MCX Gold futures, October scaled lifetime highs of ₹ 56,191 per 10 gram on Friday, before succumbing to marginal profit-booking to end the session lower by nearly ₹ 1,000 at ₹ 54,876 per 10 gram.
Gold ETFs Invest Rs 815 Crore in May
कोरोना वायरस संकट के चलते शेयर बाजार में उतार-चढ़ाव के बीच मई में गोल्ड एक्सचेंज ट्रेडेड फंड (ईटीएफ) में 815 करोड़ रुपये का निवेश आया। इसकी वजह यह है कि निवेशक अब निवेश के सुरक्षित विकल्पों की ओर रुख कर रहे हैं। पिछले साल इस श्रेणी का प्रदर्शन अन्य संपत्तियों की तुलना में बेहतर रहा है। अगस्त 2019 से गोल्ड ईटीएफ (Gold ETF) में कुल 3,299 करोड़ रुपये का निवेश आया है।
Inflows into Gold ETFs for a Sixth Straight Month in April
Inflows into Gold ETFs for a Sixth Straight Month in April – Assets under management (AUM) also reached a new record high of US$184 billion as gold in US dollars moved higher by 5.8%.
Gold ETFs see inflow of ₹200 cr in Jan; highest since December 2012
The safe-haven asset saw an infusion of ₹7.68 crore in November. However, it had seen a pull out ₹31.45 crore in October. Such funds saw an infusion of ₹44 crore in September and ₹145 crore in August.
Yellow Metal, We Tell You about some of the Options Available For Investing
Gold ETFs and Funds
Mutual funds offer exchange-traded funds (ETFs) that invest primarily in physical gold with each ETF unit typically representing 1gm of gold. The equivalent physical gold is held with the custodian bank and valued periodically, as per the Securties and Exchange Board of India’s (Sebi) guidelines. The performance of a gold ETF is benchmarked against the domestic price. Ideally, the returns from the scheme should match that of the benchmark.
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Selling Inherited Gold? Income Tax Rules You Should Know – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices have hit new highs in India. If you are looking to cash in on higher prices, you should know the income tax implications. Apart from physical forms like jewellery, coins and bars, gold can also be held in electronic forms like gold ETFs or exchange traded funds (ETFs), gold mutual funds and sovereign gold bonds. Income tax rules levied on sale of gold also depends on the form of gold holding and time period of holding.
Gold ETFs Can Now Also Invest in Derivatives – Gold Silver Reports
Gold Silver Reports (GSR) – The Securities and Exchange Board of India (Sebi), through a circular issued on 21 May, laid down the rules of investing for mutual funds with regard to exchange-traded commodity derivatives (ETCD). The rules apply to gold exchange-traded funds (ETFs) as well.
Gold ETFs Register ₹570 Crore Out-flow in 2018
Gold Silver Reports (GSR) – The outflow meant asset under management (AUM) of gold funds plunged by 6% from 2017 to ₹4,571 crore in 2018, data with Association of Mutual Funds in India (Amfi) showed.
Gold Backed ETFs Gained Globally in 2018, Even with North America Outflows
Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 69 tonnes to 2,440 tonnes in the year.