Rs 730 crore money withdrawn from Gold ETF in 2017

For the past few years, retail investors are putting more money in the stock market than Gold ETFs. The strong return in the stock market is a major reason for this

New Delhi: Investors' money is being withdrawn from the Gold Exchange Traded Fund (ETF) and they withdrew Rs 730 crore last year. This is the fifth consecutive year, when capital investment has been made from such investment products.

According to the figures of Association of Mutual Fund in India, due to capital clearance, the asset under management (AUM) decreased by 12 per cent to Rs 4855 crore due to the Gold Fund. For the past few years, retail investors are putting more money in the stock market than Gold ETFs. The strong return in the stock market is a major reason for this.

According to the data, last year, 14 ETFs associated with gold have been withdrawn from Rs 730 crore. In the same year, 942 crores were withdrawn. On the other hand last year, Rs 1.5 lakh crore was invested in savings and equity linked savings schemes. If all the mutual fund schemes are seen then the outflow of Rs 2.4 lakh crore means that the money came out.