Between September 2012 and January 2013, when gold was rising, these schemes saw net inflows of Rs.1,805 crore.
According to the Association of Mutual Funds in India (AMFI) data, in 2012-13, the net inflow in these schemes was Rs.1,340 crore, because of outflows in May, June and July.
Gold ETFs are open-ended mutual fund schemes that invest the money collected from investors in gold.
These are passively managed funds and are designed to provide returns that would closely track the returns from physical gold in the spot market. When spot gold turns cheaper, ETFs usually are a better option.