Latest News
-
IndusInd Bank Q4 Results: PAT Soars 15% To Rs 2,349 Cr, NII Climbs 15%; 165% Dividend Declared -
Telecom Body COAI Advocates for Revenue Sharing with Traffic-Heavy Apps -
Tech Mahindra Q4 Results: Cons PAT Declines 41% YoY To Rs 661 Crore; Exits FY24 In Red -
1:5 Split Soon: Multibagger PSU Bank To Consider Dividend Too, Buy For TP Rs 650: Motilal Oswal -
Gold Price In US: Yellow Metal Rates Hold Steady Amidst Easing Middle East Tensions; GDP Data Awaited -
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram
Gold ETFs glitter; grow a whopping 62% in 2011-12
Gold ETFs saw staggering net inflows of Rs 3,646 crores, growing by a whopping 62% in 2011-12, in comparison to the previous year, according to the monthly report from the Association of Mutual Funds in India.
Risk averse investors have been opting for Gold ETFs, considering that risky assets like equities have invariably failed to provide decent returns in the last few years.
Gold ETFs are funds which investors can hold in electronic form and generally track physical gold rates.
A number of Gold ETFs were launched in 2011-12, the more recent being Canara Robeco Gold Exchange Traded Fund and Motilal Oswal MOSt Shares Gold ETF (open ended Gold ETF), both of which garnered Rs 42 crores in March.
Investment in Gold ETF is expected to increase this month as Akshaya Tritiya falls on April 24. As per Hindu custom/religion buying gold on that day is considered auspicious.
GoodReturns.in
