For the first time ever, the inflows into precious metals — gold and silver — exchange traded funds have overtaken that of all equity schemes which were beaten down by mark-to-market loss.
The inflows into gold and silver ETFs hit a high of ₹24,040 crore (₹11,647 crore) and ₹9,463 crore (₹3,962 crore) as investors used the fall in precious metal prices to pump in more money. Passive asset under management were up 6 per cent to ₹R15.41 lakh crore (₹14.57 lakh crore), according to the Association of Mutual Funds in India data released on Tuesday.
On the other hand, inflows into equity schemes were down at ₹24,029 crore last month against ₹28,054 crore logged in December. Overall, equity AUM was down two per cent to ₹34.86 lakh crore (₹35.72 lakh crore) largely due to mark-to-market loss amid extreme volatility.
Venkat Chalasani, CEO, AMFI said the demand for investing in gold will remain strong as long as the high US debt persist and central banks continue to buy the yellow metal.
Silver prices were driven by industrial demand and prices are firming up due to short supply in the market, he said.
Equity markets were volatile due to uncertainty over the US trade deal and bellwether equity indices were beaten down due to sharp pull out by foreign portfolio investors, he added.
Published on February 10, 2026
