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Passive mutual fund folios outpace active equity accounts in India
Passive fund folios in India surpassed active equity accounts for the first time amid strong gold and silver ETF interest.
In September, – for the first time – passive mutual-fund schemes in India added more new folios (~2.1 million including FoFs) than active equity funds (~1.4 million). The shift was largely driven by gold and silver ETFs, which saw strong inflows as investors sought commodity-based exposure amid market volatility. Industry participants say this reflects a structural change in investor behaviour, with cost-efficient passive strategies gaining appeal. Fund houses are expected to respond by launching more passive products and promoting ETF options aggressively.