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India ETFs Hit Rs 10 Lakh Crore Milestone!
22 Dec
Summary
- Indian ETF assets under management crossed Rs 10 lakh crore by October 2025.
- Retail investor participation has surged, more than tripling the number of folios.
- Gold and Silver ETFs now represent nearly 15% of total ETF assets.

The Indian Exchange Traded Fund (ETF) sector has achieved a landmark Rs 10 lakh crore in assets under management as of October 2025, according to Zerodha Fund House. This AUM has doubled in the past three years, signaling a robust expansion in investor confidence and market depth. Trading volumes have also seen a substantial seven-fold increase since FY 2019-20, enhancing market liquidity and efficiency.
The surge in ETF adoption is significantly driven by heightened retail investor engagement. The number of ETF folios has grown dramatically from approximately 41 lakh to over 3 crore between November 2020 and November 2025. This expansion is likely attributed to increased investor education and easier access through digital platforms.
While equity ETFs remain dominant, investors are embracing a more diversified approach. Gold and Silver ETFs have experienced significant growth, now accounting for nearly 15% of the total ETF AUM. Gold ETF AUM has doubled to over Rs 1 lakh crore, and Silver ETF AUM has quadrupled to over Rs 49,000 crore within the last year, highlighting a strategic shift towards precious metals for portfolio diversification.




