Gold ETFs Inflows Match Equity Mutual Fund Inflows for 1st Time

Gold exchange traded funds recorded a significant rise in investor participation in January 2026, with net inflows matching those of actively managed equity mutual funds for the 1st time, reflecting sustained interest in the precious metal. 

Gold ETF Inflows Reach Record Levels 

Net inflows into Gold ETFs stood at ₹24,040 crore in January 2026, according to data released by the Association of Mutual Funds in India.  

This marked an increase from ₹11,647 crore recorded in December 2025. The inflows came amid gold prices continuing to perform better than domestic equity markets during the month. 

Comparison With Equity Mutual Fund Flows 

Actively managed equity mutual funds recorded net inflows of ₹24,029 crore in January 2026. This figure was lower by 14% compared to the previous month. The near parity between Gold ETF and equity mutual fund inflows was observed for the 1st time on a monthly basis. 

Gold ETF Assets Under Management 

The net assets under management of Gold ETFs stood at ₹1,84,000 crore as of January 31, 2026. The AUM value reflects both net investments and the rise in gold prices during the period. Gold ETFs function as passive investment instruments and track domestic gold prices. 

Monthly Gold ETF Inflow Trend 

During the last 1 year, monthly Gold ETF inflows showed variation. January 2025 saw inflows of ₹3,751 crore, February ₹1,980 crore, March recorded an outflow of ₹77 crore, April an outflow of ₹6 crore, May ₹292 crore, June ₹2,080 crore, July ₹1,256 crore, August ₹2,190 crore, September ₹8,363 crore, October ₹7,743 crore, November ₹3,742 crore, December ₹11,647 crore, and January 2026 ₹24,040 crore. 

Read More: Best Gold ETFs in India for February 2026: LIC MF, ICICI Prudential, HDFC and More Based on 5-Y CAGR! 

Gold Price Movement 

Gold prices in the domestic market rose by 24% during January 2026. The increase contributed to higher AUM levels for Gold ETFs alongside fresh investor inflows. 

Conclusion 

January 2026 data highlights a notable alignment between Gold ETF and equity mutual fund inflows. The figures reflect investor allocation trends, changes in asset prices, and overall participation in gold linked investment products. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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 scheme-related documents carefully.