The Securities and Exchange Board of India (SEBI) has issued a public caution against investing in so-called "Digital Gold" or "E-Gold" products being offered on various online and digital platforms.
As gold prices surged to a record Rs 93,217 per 10 grams, Indian investors are pulling back from heavy jewellery buys and pouring money into gold exchange-traded funds (ETFs).
The inflows in January were the highest-ever recorded for gold ETFs in a single month, as Rs 640 crore was invested in December 2024.
Top 10 stocks in Q2 2021 for Indian investors were -- Apple, Tesla, GameStop, Amazon, Microsoft, AMC Entertainment, Facebook, Netflix, Palantir Technologies and NIO.
Flows into India-focussed offshore funds are generally considered to be long-term in nature whereas flows into ETFs indicate predominantly short-term money.
The assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 31.02 lakh crore in December-end from Rs 30 lakh crore in November-end on inflow from debt funds.
The total investment demand increased significantly by 98 per cent to 582.9 tonne during the quarter, compared to 295 tonne in the same quarter of 2019.
