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HomeNewsBusinessMarketsSilver, Gold ETFs power up India’s passive fund AUM, but can the recent spurt sustain?
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Silver, Gold ETFs power up India’s passive fund AUM, but can the recent spurt sustain?

Anishaa Kumar   •

India's passive folios have risen from 4.46 crore in September to 4.82 crore in October, with the largest addition from Gold ETFs, among others, which have added more than 20 lakh investor accounts. Gold ETF folios alone rose by 11% during the month, to cross 95 lakh investors.

This comes at a time when active equity funds have seen a 19% month-on-month decline in inflows. Ghelani notes that it is not that people are not investing in active funds. “The disciplined approach of investors seems to remain intact with the monthly SIP flows at Rs. 29,500 which is at all-time high. This should also be seen together with growing inflows into Multi Asset Allocation Funds which comes under the category of Hybrid Funds but also gives a large exposure to equities. So some part of equity fund flows could also be getting diverted to these funds.”

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