#GoldOutlook

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Investment in Gold ETFs increased 86 percent to Rs 921 crore | ViralHai News [ad_1]

Investment in Gold Exide Traded Fund (ETF) increased 86 percent to Rs 921 crore in July from the previous month. As gold cars are at a higher level, manufacturers are excited about adding rich metals to their portfolios, thereby investing in gold ETFs.

Also read: Who is the best in the physical gold, ETF and Sowran gold basket, learn here

According to data from the Association of Mutual Funds in India (Amfi), the net inflow of investment in gold ETFs has reached Rs 4,452 crore in the first seven months of the current year. As per the data, investors invested a net Rs 921 crore in Gold ETFs in July. In the previous month ie in June, they were worth Rs 494 crore in Gold ETFs.

Profit cut in March and Rs 195 crore withdrawal

Following this investment, the growth (AUM) under the management of Gold ETFs rose 19 per cent to Rs 12,941 crore by the end of July from Rs 10,857 crore at the end of June. On a monthly basis, investors infused Rs 202 crore in gold ETFs in January. In February, he invested Rs 1,483 crore, but in March he deducted profits and withdrew Rs 195 crore. Net investment in Gold ETFs stood at Rs 731 crore in April and Rs 815 crore in May.

Also Read: Corona Vaccine Breaks on Gold-Silver Boom

Morningstar India Associate Director-Manager Himanshu Srivastava said that the demand for gold as a safe investment option has increased due to weakness in the US dollar, US-China tensions and continued growth in the split-19 cases. For this reason, gold has been at a constant height. GRO chief operating officer (COO) Harsh Jain said that the main reason for increasing investment in gold ETFs is that investors are investing money in gold for hedging.

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[quantummf]

Ajit Dayal's Asset Allocation Principles - Safe Today, Save for tomorrow

They say that in the world of investments the difference between success and failure can be summed up in just two words - Asset Allocation. To Watch a full video please click on the following link: https://www.youtube.com/watch?v=jQckyh9N-UE

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Trading Strategy Poll | The Investing Forex

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As we move into the final month of the year, market sentiment appears to be mixed, with mounting covid cases on one hand and the optimism of vaccine breakthroughs on the other. To Watch full video please click the link below: https://vimeo.com/manage/videos/557470978Webinar Panel Discussion on Asset Classes of Equity Debt & Gold