In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December
As per Amfi data, investors put in a net sum of Rs 1,613 crore in 14 gold-linked ETFs in the just concluded financial year, while they had pulled out Rs 412 crore in 2018-19.
A total of 72 ETFs with $1.4 billion in assets shut down and returned their money to investors in the first quarter as the coronavirus outbreak roiled markets
Whenever there is a high level of fear or panic, either in the economy or the markets, money tends to move into gold.
Movng to stronger, more diversified ones will be prudent
Listed emerging market flows were negative for all countries, except Brazil and Russia.
This was the fourth straight week of outflows and also the biggest weekly outflow in more than a year
ETFs are similar to index funds, except that these may be bought and sold on the exchanges. They're preferred by institutional investors
Grey market premiums have dropped to 10% after last week's market fall.
ETFs, which invest in Hong Kong-listed Chinese stocks, saw outflows of nearly $1.4 billion - most among Ems
Hopes of further gains in the price of the previous metal could sustain inflows into gold ETFs
Among the key proposals of Finance Minister Nirmala Sitharaman's maiden Budget was extending the Section 80C tax advantage to PSU ETFs. However, the proposal is yet to be notified
"The government is likely to bring down their stake in certain public sector undertakings (PSUs) to below 51 per cent"
Experts say companies added into index could attract large investor flows
The funds raised would be utilised for capex of PSUs. The base size of the issue was Rs 7,000 crore
Depending on the risk appetite, investment goal, financial objective and time horizon, mutual funds should be selected across asset and sub-asset classes by assigning weights to them sensibly
Sources said the offer saw strong response from retail investors, HNIs and NRIs
The exchange-traded fund will invest only in AAA-rated bonds of public sector companies and will have target maturity structures
Fund to be launched in two series with greenshoe option on Thursday
Fund to be launched in two series with greenshoe option on Thursday