Gold Rate Rally Sparks ETF Rush: Gold ETF Inflows Double In A Month, Reveals AMFI MF Data

Gold Rate Rally: Inflows into gold-linked exchange-traded funds (ETFs) surged sharply in January, with net investments doubling within a month, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday, February 10. The sharp jump in gold ETF inflows in January coincides with a sharp rally in gold prices in India in January. However, the precious metal saw a sharp correction in its price by the end of January.

Gold rate in India touched its fresh all-time high mark of Rs 17,885 per gram on 29 January. The fresh all-time high mark was followed by a steep correction in the prices of gold and silver in the last ten days. Meanwhile, gold has delivered up to 60% return in the year 2025, which is significantly higher than the precious metal's average yearly return of 40%.

The gold price rally in 2025 and its volatility in January 2026 have renewed investors' interest in ETFs. Gold ETFs are considered one of the most convenient ways to gain exposure to gold.

AMFI Mutual Fund January Data: Gold ETF Inflows Jump In January

A total of Rs 24,039.96 crore flowed into gold ETF schemes in January, according to data released by AMFI on Tuesday. The January inflow was nearly double the Rs 11,646.74 crore mobilised by the category in December 2025, highlighting a sharp surge in investor interest.

AMFI MF Data in January: Equity Mutual Funds Fall for Second Month

Apart from gold ETF, the equity mutual funds attracted a net inflows of Rs 24,028 crore in January, which was 14% lower than from the previous month, according to data released by industry body Amfi on Tuesday.

This was the second consecutive month of moderation in equity inflows, as investor sentiment remained cautious amid subdued market conditions and ongoing geopolitical concerns.Despite the slowdown in equity investments, the mutual fund industry's overall asset base continued to expand. Total assets under management (AUM) rose to Rs 81.01 lakh crore in January from Rs 80.23 lakh crore in December.

"The slower MF flows are attributed to the market volatility specially around tariff issues which took time to get resolved. The last 18 months or so have been testing the patience however the investors and partners have shown tremendous resilience which in itself is a great development. The time correction which we have seen, valuation froth from markets has slowly been coming down specifically on large caps thus attracting more flows," noted Vaiibhavv Chugh, CEO, Abakkus Mutual Fund.