India's ETF AUM Hits Record ₹10 Lakh Crore Landmark, Doubles in 3 Years

Assets under management (AUM) of Exchange-Traded Funds (ETFs) in India crossed ₹10 lakh crore in October 2025, according to data released by Zerodha Fund House. 

 ETF assets have doubled over the last 3 years, indicating a steady increase in their share within the domestic investment market. 

Trading Volumes Rise Sharply 

ETF trading volumes have increased significantly over the past 5 years. Turnover rose from ₹51,000 crore in FY20 to ₹3.83 lakh crore in FY25.  

In the 1st half of FY26, ETF trading volumes stood at over ₹3.2 lakh crore, close to the level recorded during the entire previous financial year. 

Growth in Investor Accounts 

The number of ETF investor folios has risen sharply during the period. ETF folios increased from around 41 lakh in November 2020 to over 3 crore by November 2025. The increase coincided with the introduction of more ETF products and wider use of digital investment platforms. 

Equity ETFs Retain Largest Share 

Equity ETFs continued to account for the largest portion of ETF assets and investor accounts. Over the past 12 months, equity ETFs added around 25 lakh new folios. Despite this, non-equity ETF categories recorded higher growth rates in relative terms. 

Gold and Silver ETFs Expand 

Gold and silver ETFs together accounted for nearly 15% of total ETF AUM as of November 2025. Over the last year, the number of gold ETF folios increased by about 1.5 times, while silver ETF folios rose around 4.5 times.  

Gold ETF AUM doubled to cross ₹1 lakh crore, while silver ETF AUM increased nearly four-fold to more than ₹49,000 crore. 

Read More: Mutual Fund AUM to Surpass ₹150 Lakh Crore by FY30 Backed by Growing Household Savings! 

Conclusion 

The latest data shows an increase in ETF assets, trading volumes and investor accounts in India, with equity ETFs remaining the largest segment and non-equity ETFs accounting for a rising share of total assets. 

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