“Gold ETF Inflows Dip 47% in Feb Despite High Prices, UTI Leads Returns; AUM Grows 7%”

Gold Exchange-Traded Funds (ETFs) in India witnessed a significant decline in inflows during February, dropping by 47.22% to Rs 1,979 crore, despite soaring gold prices. This decrease can be attributed to investors capitalizing on profit-taking opportunities in the equity markets. However, it is noteworthy that the inflows still recorded a substantial 99% surge compared to the previous year. Among the various Gold ETF options available, UTI Gold ETF emerged as the leader with impressive returns of 3.70%. Gold continues to be a popular choice for investors looking to diversify their portfolios, especially in times of global economic uncertainty. As a result, the Assets Under Management (AUM) for Gold ETFs in India experienced a growth of 7%, reaching Rs 55,677 crore. This data indicates a continued interest in gold as a reliable investment option among Indian investors, despite the temporary decrease in inflows observed in February.

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