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.
Gold ETFs
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 (Yellow Metal) 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.
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.
It’s Blue Skies in Gold ETFs as Investors Flee Equity Turbulence
The $32.4 billion SPDR Gold Shares fund, ticker GLD, saw inflows of more than $643 million one day this week, the most since July 2016.