Mumbai : Indian Exchange Traded Funds (ETFs) recorded net inflows of more than Rs1.8 lakh crore in FY26 – the highest figure for any single financial year on record, and more than double the previous best of Rs 83,390 crore in FY22. Commodity ETFs (Gold and Silver combined) attracted more net flows than equity ETFs, with over half of all ETF inflows during the year going into these two categories.
The single largest monthly flows was was in January 2026, with more than Rs 39,000 crore in net inflows, as activity in Gold and Silver ETFs ran high against the backdrop of global market uncertainty.
Gold and Silver ETFs together drew Rs 99,280 crore in net inflows – 55 per cent of the FY26 total. Equity ETFs received more than Rs 77,000 crore, or 43 per cent.
“As recently as FY24, commodity ETFs accounted for less than 17 per cent of total ETF flows. The FY26 data points to a shift in how investors are using the ETF structure,” said a report by Zerodha Fund House.
“What stands out in FY26 is not just the size of the inflows, but where they came from. For years, ETFs in India were largely an equity story. The fact that Gold and Silver ETFs together attracted more inflows than equity ETFs suggests that investors are beginning to use the ETF structure to build more diversified portfolios, which is heartening to see.” said Vishal Jain, CEO, Zerodha Fund House.
“Gold ETF AUM grew from about Rs 59,000 crore in March 2025 to more than Rs 1.71 lakh crore in March 2026 – a 191 per cent increase. This includes both the impact of rising gold prices and new investor inflows. One of the factors that may have contributed to investor preference for the ETF route over physical gold is tax efficiency: Gold and Silver ETFs qualify for LTCG at 12.5 per cent after 12 months, compared to 24 months for the physical metal,” Zerodha Fund House said.
Silver ETFs, launched in 2022, received more than Rs 30,000 crore in net inflows in FY26, more than the category’s entire AUM at the start of the year (Rs 15,339 crore in March 2025). Silver prices also rose significantly over the period, which may have attracted investor attention to the category.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: deccanchronicle.com
