New Delhi The stock market is witnessing fluctuations due to the Corona virus crisis. Meanwhile, investors invested Rs 815 crore in Gold Exchange Traded Fund (Gold ETF) in May. The main reason for this is that investors are avoiding any kind of risk in this period of crisis and are showing more interest in safe investment options. The performance of this category was better than other assets in the year 2019. A total investment of Rs 3,299 crore has come in Gold ETFs since August 2019. The Association of Mutual Funds in India (Amfi) has given this information. Â
According to Amphi’s recent data, net investment in Gold ETFs stood at Rs 815 crore in May this year. Investors invested Rs 731 crore in the fund in April. However, the situation was slightly different in March and investors withdrew Rs 195 crore from this fund. Â
Earlier, in February 2020, the fund had an investment of Rs 1,483 crore and in January Rs 202 crore. At the same time, investors invested Rs 27 crore in it in December 2019 and Rs 7.68 crore in November. However, in October, investors withdrew Rs 31.45 crore from the fund. Â
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Harsha Jain, co-founder and chief operating officer of GRO, said, “Gold ETFs are seeing more investment than in the months before the Corona epidemic.” Many investors are giving more emphasis on investing in gold, given the fluctuations in the stock market. ” Â
In this context, Himanshu Srivastava, Senior Research Analyst, Morning Star Investment Advisor India, said, “Markets worldwide have been affected by the Corona virus epidemic and large economies are witnessing a slowdown. However, gold has emerged as an asset class giving better returns among them all. In today’s time, it has become a better investment option for investors.
