The assets under management (AUM) of gold ETFs have more than doubled to ₹1.28 lakh crore against ₹44,596 crore in December previous year.
The lure of the yellow metal saw mutual fund investors pumping in a whopping ₹11,647 crore into gold ETFs last month, a threefold jump from ₹3,742 crore logged in November.
In 2025, gold ETFs have attracted investments of ₹42,961 crore against ₹11,226 crore in 2024, an increase of nearly four times, according to the Association of Mutual Funds in India data released on Friday.
The assets under management (AUM) of gold ETFs have more than doubled to ₹1.28 lakh crore against ₹44,596 crore in December previous year.
Similarly, investments in silver ETFs was up 84 per cent at ₹3,962 crore (₹2,154 crore). The silver AUM increased more than five times to ₹72,652 crore (₹12,317 crore).
Inflows into mutual fund equity schemes were down 6 per cent to ₹28,054 crore last month against ₹29,911 crore logged in November as investors preferred to book profit with slight improvement in market sentiments.
Flexi-cap registered the highest inflow for the five consequitive month at ₹10,020 crore (₹7,029 crore) followed by mid-cap at ₹4,176 crore (₹5,085 crore) while for large and mid-cap funds it was ₹4,094 crore (₹4,503 crore).
Venkat Chalasani, CEO, AMFI, said investors preferred to book profit last month as the market looked up in the first half of the month, though it turned bearish in the second half.
“We expect a decent growth in overall MF assets next year, given the global headwinds,” he added.
SIPs shoot up
The SIP inflows increased to the highest-ever of ₹31,002 crore against ₹29,445 crore in the previous month with the contributing SIP accounts increasing to 9.79 crore (9.43 crore).
The SIP asset increased to ₹16.63 lakh crore (₹16.52 lakh crore), accounting for 20 per cent of overall AUM.
A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC, said the record SIP inflows in December is a testament to SIPs increasingly becoming a way of life for Indian investors.
Continued SIP investments, even amid global volatility and market fluctuations, point to rising financial awareness, reflecting disciplined investing, he added.
Overall MF industry AUM was down marginally at ₹80.23 lakh crore against ₹80.80 lakh crore due to an outflow of ₹1.32 lakh crore from debt funds. In the last one year, MF asset was up 20 per cent to ₹80.23 lakh crore (₹66.93 lakh crore).
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Published on January 9, 2026
