New Delhi, Oct. 10 -- Inflows into gold and silver exchange traded funds climbed to an all-time high in September, as investors growing weary of the recent volatility in the stock market opt for safer assets.
Net inflows into gold ETFs increased to Rs.8,363 crore in September from Rs.2,189 crore in August, per data from the Association of Mutual Funds of India (Amfi) published on 10 October. Net inflows into silver ETFs rose to Rs.5,341 crore from Rs.1,799 crore.
Gold and silver ETFs track the price of the respective commodities and are traded on stock markets just as securities are.
Meanwhile, net inflows into equity mutual funds fell 9% from August to Rs.30,421 crore in September-making for a third straight month of declining investm...
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