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Gold fund SIPs halted as jeweller stocks surge

Original: गोल्ड एक्सचेंज ट्रेडिंग फंड

India's mutual fund industry body has stopped SIP and lump-sum investments in gold funds, triggering a rally in jewellery stocks, with one share jumping 18%. The move has drawn attention from investors trying to understand how it affects gold ETF and gold fund investments, and why the industry restricted fresh inflows into gold schemes.

Why now: The suspension of new investments in gold funds directly affects Indian retail investors and has moved jeweller stocks.

Mutual fund industry (AMFI)Gold fundsJewellery stocksIndia

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Evidence

• MF ने गोल्ड फंड्स में SIP और एक मुश्त निवेश पर लगाई रोक, फैसले की वजह से ज्वेलरी स्टॉक चमके; एक का शेयर 18% उछला · Hindustan

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