New Delhi, Feb 10 || Gold exchange-traded funds (ETFs) saw a steep 50 per cent rise in India in the month of January, with their monthly inflows exceeding the entire equity mutual fund segment, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.
Gold ETF inflows surged to about Rs 24,040 crore in January, more than double the Rs 11,647 crore in December, making gold one of the standout segments for the month.
Meanwhile, equity mutual fund inflows stood at Rs 24,029 crore in January, nearly 14 per cent lower than Rs 28,054 crore in December.
The mutual fund industry saw total flows turn positive at Rs 1.56 lakh crore, led by debt schemes, which recorded net inflows of Rs 74,827 crore, according to the AMFI data.
While Hybrid schemes attracted Rs 17,356 crore, “other schemes”, including ETFs, brought in Rs 39,955 crore.
Despite a volatile month for equity markets, mutual fund AUM expanded in January, highlighting the resilience of investor participation, said analysts.