Indian gold ETF inflows surpass equity mutual funds for the first time as prices soar
Indian gold ETF inflows topped equity funds for the first time in January as record prices drew investors. Geopolitical risks drove the shift toward stability.
Insights:
January 2026 marked a historic shift in the Indian fund market as net inflows into Gold exchange-traded funds (gold ETFs) marginally exceeded those of Indian equity mutual funds for the first time. According to data released by the Association of Mutual Funds in India (AMFI), gold ETFs attracted 240.4 billion rupees in net inflows during the month, slightly ahead of the 240.29 billion rupees directed toward equity-oriented schemes. This development indicates a material reallocation of investor flows within the market of India 
IN, carrying significant implications for fund managers, liquidity, and relative sector performance.
IN, carrying significant implications for fund managers, liquidity, and relative sector performance.
