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India ETFs' gold collection up at 4.135 tonnes end April

Tue May 6, 2008 5:35pm IST
 
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 MUMBAI, May 6 (Reuters) - India's total gold collections by
five exchange-traded funds (ETF) at the end of April grew by 5
percent to 4.135 tonnes, the ETFs said on Tuesday.
 "Retail investors are in it as gold has shown good returns
on year and also because they have taken a beating in stocks,"
said a fund manager, who did not want to be identified.
 The ETFs' gold collections were highest in December at 4.265
tonnes.
 India's gold ETFs -- instruments that trade like shares and
are backed by physical gold holdings -- are one year old, and
several other investment firms are planning an entry into
market.
 The following table shows ETFs' gold holdings in metric
tonnes and their value in billion rupees:
                               End April           End March
 Fund                         Gold    Value      Gold  
Value
=============================================================
 Benchmark (GBES.NS: Quote, Profile, Research)          1.351    1.55       1.268 
1.55
 UTI (UTGF.NS: Quote, Profile, Research)                1.294    1.52       1.275 
1.56
 Kotak (KTGF.NS: Quote, Profile, Research)              0.303    0.35       0.274 
0.34
 Reliance Capital (RELE.NS: Quote, Profile, Research)   1.151    1.34       1.090 
1.34
 Quantum (QTGF.NS: Quote, Profile, Research)            0.036    0.04       0.030 
0.04
=============================================================
 Total                        4.135    4.8        3.937 
4.83
 NOTE - Value figures are average of the month and are taken
from www.amfiindia.com.
  (Reporting by Ruchira Singh; Editing by Prem Udayabhanu)

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