PR Somasundaram, Managing Director, India, World Gold Council, said ETFs have seen relatively good growth in India after a lackluster performance for several years.
Synopsis
According to data from the Mutual Fund Association of India, the number of folios in gold ETFs increased by 111,19% last month compared to September 2019.
Millennials seeking a calibrated entry into the yellow metal safe-haven space are leaning toward gold exchange-traded funds (ETFs) and sovereign gold bonds, according to industry executives and fund houses. AMC, told ET, “Millennials are a segment that is most comfortable being digitally connected and is inclined to transact / invest electronically on the go.
