Nippon India Gold & Silver ETFs cross Rs 1 lakh crore AUM, emerge as market leader

Nippon Life India Asset Management has crossed a major milestone in India’s ETF space, with assets under management (AUM) in its Gold and Silver ETFs surpassing Rs 1 lakh crore.

According to NSE data, Nippon India Mutual Fund’s Gold ETF AUM stood at Rs 55,124.5 crore, while Silver ETF AUM reached Rs 47,392 crore, taking the combined AUM to Rs 1,02,516.5 crore as of January 28, 2026. This positions Nippon India Mutual Fund as the country’s largest manager of precious metals ETFs by a wide margin, the fund house said in a press release.

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The milestone underscores its leadership in the fast-growing commodities ETF segment, driven by sustained investor participation across retail, HNI, and institutional segments, the release said.

Among the Top 10 AMCs managing Gold and Silver ETFs, Nippon India Mutual Fund leads with the highest combined AUM, ahead of peers like ICICI Prudential MF (Rs 48,165.7 crore), HDFC MF (Rs 34,075.7 crore), and SBI MF (Rs 33,103.6 crore).

Mirae Asset Mutual Fund manages a combined gold and silver ETF AUM of Rs 4,285 crore, with Gold ETF AUM at Rs 3,022 crore and Silver ETF AUM at Rs 1,263 crore.

Top 10 AMCs – Gold & Silver ETF AUM (Rs crore)

Collectively, the Top 10 AMCs manage Rs 2.76 lakh crore in Gold and Silver ETFs, highlighting the scale and maturity of India’s precious metals ETF market.

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Nippon India Mutual Fund alone accounts for over Rs 1 out of every Rs 3 invested in Gold and Silver ETFs among the Top 10 AMCs.

The strong growth in Gold and Silver ETF assets reflects investors’ increasing preference for transparent, liquid, and regulated investment avenues to gain exposure to precious metals. Gold ETFs continue to be used as portfolio diversifiers and inflation hedges, while Silver ETFs have seen rising traction amid their dual role as a precious and industrial metal.