New Delhi, April 14 -- Retail investors grabbed a golden opportunity to book profits on gold in March as heightened market volatility and stock price corrections soured their return expectations from equities. Equity fund inflows fell to an 11-month low last month, while investors cashed out on the precious metal, capitalising on its outperformance during these uncertain times.

According to the latest data from the Association of Mutual Fund Industry (Amfi), released on Friday, gold exchange traded funds (ETFs) saw net outflows of around Rs.77 crore in March - the first time in over a year - as investors rushed to take gains amid soaring gold prices.

"Gold has been consistently hitting all-time highs since the start of the year. Hence, ...