Gold and Silver ETFs Command 72% of Passive Fund Inflows: AMFI

Gold and silver exchange-traded funds (ETFs) made up 71.9% of total passive fund inflows in September, according to data from the Association of Mutual Funds in India (AMFI). The passive category saw total inflows of ₹19,057 crore during the month, indicating higher investor preference for precious metals amid market volatility.

Precious Metals Lead Inflows

Gold ETFs received ₹8,363 crore, forming 43.9% of total passive inflows in September. Silver ETFs followed with ₹5,342 crore, accounting for 28%. The rise in investments in these segments was supported by firm gold prices, a weaker rupee, and steady demand for safe-haven assets.

Passive Fund Market Update

Assets under management (AUM) for passive funds rose 3.9% month-on-month to ₹12.99 lakh crore. The category recorded its 59th consecutive month of net inflows. The increase was mainly driven by inflows into gold and silver ETFs and continued investor interest in index-based instruments.

Hybrid and Equity Fund Trends

Hybrid funds saw net inflows of ₹9,397 crore in September, with AUM up 2.5% to ₹10.33 lakh crore. Multi-asset allocation funds grew 6.3% to ₹1.40 lakh crore, while equity savings and balanced hybrid funds rose 4.5% and 2%, respectively. Equity mutual funds recorded net inflows of ₹30,422 crore for the 55th straight month.

Debt Funds and SIP Flows

Open-ended debt funds saw AUM decline 4.9% to ₹17.80 lakh crore due to outflows linked to advance tax payments. Systematic investment plans (SIPs) reached a record ₹29,361 crore in September, up 3.9% month-on-month and 19.8% year-on-year. SIP assets stood at ₹15.52 lakh crore, accounting for 20.5% of total industry AUM.

Industry Overview

The mutual fund industry’s total AUM rose to ₹75.61 lakh crore in September from ₹75.19 lakh crore in August. Total folios increased by 30.14 lakh to 25.19 crore. Equity and passive fund categories together accounted for over 90% of the new folios added during the month.

Read More: SIP Inflows Hit Record ₹29,361 Crore in September 2025! 

Conclusion

Gold and silver ETFs were the main contributors to passive fund inflows in September, while SIPs and equity inflows remained steady, reflecting continued retail participation across categories.

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. 

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