Investors often turn to gold when equity markets perform poorly, frequently investing in gold ETFs
In August, there was a surge in investments in gold ETFs, reaching a record high
August's Record High Investments
Recent days have seen an increase in the price of gold, prompting investors to consider taking profits
Gold Price on the Rise
The Association of Mutual Funds of India (MAFI) revealed that there was a net investment of Rs. 175 crores in PSD Exchange Traded Funds last month
MAFI's Disclosure
In August, these investments reached a 17-month high of Rs. 1,028 crore, a substantial increase from July's Rs. 456 crore
August's Remarkable Investments
Investors continue to view gold as a safe investment, given concerns about rising interest rates in the US, high inflation, and slow economic growth
Gold as a Safe Haven
Between April and June of the current financial year, an average of Rs. 298 crore per month flowed into PCD ETFs
Consistent Investments in PCD ETFs
Notably, Rs. 1,100 crores flowed into these ETFs in August of the previous year
August 2022's Inflow
As of September this year, the number of portfolios investing in gold ETFs stood at 48.06 lakh
Growing Popularity of Gold ETFs
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