Fixed Maturity Plans Preferred Against Gold Mutual Funds
As I said in my previous blog that one should avoid too much gold investment, according to Association of Mutual Funds of India (AMFI) craze of gold mutual funds is going down & fixed maturity plans are back in favor. Due to current market uncertainty, investors are not showing interest in equity funds. Liquid funds have started getting back inflows that had paused for some time.
According to the report, investors have withdrew Rs594 crore out of gold ETF in the month of August which is highest amount of money ever withdrawn from gold ETFs. And only Rs 6 crore were […] Read more