February gold ETF inflows dropped 47% in India

Gold ETF inflows fell 47.22% in February to Rs 1,979 crore, down from Rs 3,751 crore in January. This decline occurred despite record-high gold prices, as investors took profits and shifted focus to equity markets. Year-on-year, inflows still increased by 99% from Rs 997 crore in February 2024. The average return for gold ETFs was 3.34%, with UTI Gold ETF leading at 3.70%. Assets under management for gold ETFs rose 7% to Rs 55,677 crore in February, up nearly 95% from Rs 28,529 crore a year earlier. Only one new Gold ETF scheme was launched in February, raising Rs 11 crore.