Gold ETFs see 34 percent rise in April inflows to Rs 3,040 crore, investors balance equity risk with safe haven gold amid global uncertainty

Gold exchange-traded funds (ETFs) recorded net inflows of ₹3,040 crore in April, up 34% from ₹2,266 crore in March, according to AMFI data, as investors continued to balance equity exposure with safe-haven allocations amid global uncertainty.

The increase in gold ETF allocations came even as overall precious metal fund flows showed signs of moderation after the sharp surge witnessed earlier this year.

Silver ETFs, meanwhile, saw marginal net outflows of ₹126.72 crore during April.
Despite this, category assets under management rose 2.7% month-on-month to ₹81,944 crore due to mark-to-market gains.
Umesh Sharma, CIO–Debt at The Wealth Company Mutual Fund, said investors continued to maintain a balanced allocation approach.

“ETFs and index funds saw strong inflows, while gold ETFs received moderate allocations, reflecting balanced positioning between risk and safety,” he said.

Viraj Gandhi, CEO of Samco Mutual Fund, noted that gold ETF inflows remained below the broader FY26 monthly average, suggesting some normalization in investor appetite after strong earlier inflows.

Market participants said investors continue to use gold as a portfolio diversifier amid geopolitical tensions and market volatility, although sustained domestic participation in equity funds indicates risk appetite remains intact.

Suranjana Borthakur, Head of Distribution & Strategic Alliances at Mirae Asset Investment Managers (India), said that while gold remains part of long-term portfolio allocation, equity mutual funds continue to attract steady domestic participation despite global concerns.

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