The outflow meant assets under management (AUM) of gold funds plunged by 10% to Rs4,922 crore at November-end from Rs5,480 crore at the end of March. It had witnessed an outflow of Rs775 crore in 2016-17, Rs903 crore in 2015-16, Rs1,475 crore in 2014-15 and Rs2,293 crore in 2013-14. Gold ETFs are passive investment instruments that are based on price movements and investments in physical gold. The outflow meant assets under management (AUM) of gold funds plunged by 10% to Rs4,922 crore at November-end from Rs5,480 crore at the end of March. Withdrawal of Rs66 crore was seen in April this year, Rs71 crore in May, Rs81 crore in June, Rs38 crore in July, Rs58 crore in August, Rs74 crore in September, Rs34 crore in October and another Rs89 crore in November.

Source: Mint December 11, 2017 14:26 UTC