Passive Funds AUM Jumps 17% to ₹12.56 Lakh Crore in July with Equity ETFs Leading

Passive funds in India have shown strong growth momentum, with equity-oriented ETFs continuing to dominate the segment. AMFI data indicates a consistent rise in assets under management, reflecting investor interest across different categories, including gold and silver ETFs.

Growth in Passive Funds AUM

According to AMFI data, the AUM of passive funds in India stood at ₹12.56 lakh crore in July 2025, marking a 17% rise from ₹10.75 lakh crore in July 2024. Passive funds now account for 16% of the total mutual fund industry AUM, which was at ₹77 lakh crore in July 2025.

Equity ETFs Continue to Dominate

Within the passive fund segment, domestic equity-oriented exchange-traded funds hold the largest share with ₹7.17 lakh crore in assets, representing 57% of the total passive AUM. This is followed by domestic equity-oriented index funds with ₹1.89 lakh crore and target maturity index funds with ₹1.02 lakh crore in assets.

Precious Metal ETFs Gain Momentum

Gold ETFs have achieved an AUM of ₹66,664 crore, while silver ETFs have reached ₹22,162 crore. Both categories witnessed strong investor interest, with notable net inflows recorded in July.

Net Inflows and Outflows Across Categories

Passive funds saw total net inflows of ₹8,259 crore in July 2025. Domestic equity ETFs led the way with ₹3,004 crore in inflows, followed by domestic equity index funds with ₹2,773 crore and silver ETFs with ₹1,904 crore. Gold ETFs attracted inflows worth ₹1,256 crore.

However, certain categories posted net outflows. Target maturity index funds saw outflows of ₹1,089 crore, debt ETFs recorded outflows of ₹465 crore, and overseas passive fund FoFs experienced outflows of ₹64 crore.

Number of Passive Fund Schemes

There are currently 655 passive fund schemes in the market. Domestic equity index funds lead with 217 schemes, followed by domestic equity ETFs with 196 schemes and target maturity index funds with 97 schemes.

Read More: These Index Funds Delivered Returns Up to 27%: Do You Own Any?! 

Conclusion 

The steady growth in passive funds reflects the expanding range of investment options available to investors. Trends within equity and precious metal ETFs highlight evolving market preferences.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.