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Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow.
Gold exchange traded funds witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow. This was in comparison to a net outflow of Rs 273 crore registered in the segment in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data with Association of Mutual Funds in India showed.
As investors make conscious investing decisions, their overall preference towards investing in dips is evident from the magnitude of flows into small and mid-cap stocks
But according to experts, these changes would make investing in ELSS to reduce taxes less appealing for people with taxable income up to ₹7 lacs, let’s know how.
Nirmala Sitharaman, the Union Finance Minister, forecasted a fiscal deficit of 5.9 per cent of GDP in FY24 in her budget address.