New Delhi. After the second wave of the corona virus epidemic, investors have again expressed confidence in gold, which is considered the safest investment option. Gold is considered the best investment option in difficult times across the world. In view of this, there was a total inflow of up to Rs 3,070 crore in Gold Exchange Traded Funds (Gold ETFs) in the first 8 months of 2021. Although there was a net withdrawal in gold ETFs in July 2021, public sentiment improved in August 2021. During August, people invested Rs 24 crore in Gold ETF.
Net investment was better during May and June 2021
According to the Association of Mutual Funds in India (AMFI), the number of investor folios in gold ETFs reached 21.46 lakh in August, with sentiment improving. In July this figure was 19.13 lakh. Let us inform that in Gold ETF there was a net withdrawal of Rs 141 crore in November 2020, 195 crore in February 2021 and Rs 61.5 crore in July 2021. After July, investment in gold was positive in August 2021, but net purchases stood at Rs 23.92 crore. In comparison, there was a net investment of Rs 360 crore in Gold ETF in June 2021 and Rs 288 crore in May.
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Benefit from positive trend globally
Kavita Krishnan, Senior Analyst Manager (Research) at Morningstar India, said that despite the pandemic, a positive trend at the global level has improved the sentiment on gold. LXME founder Preeti Rathi Gupta said that during August, gold ETFs have seen a shift towards increasing inflows rather than outflows. When the price of gold comes back to normalcy, investors are again attracted towards investing in gold. Let us tell you that the best way to invest in paper gold is gold ETF. This is an open ended mutual fund, which is based on the falling and rising prices of gold. Purchasing charges on gold ETFs are less as compared to physical gold. Also 100% purity is guaranteed. It also provides the facility of investment through SIP.
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