Passive mutual fund assets in India climb 5 % driven by gold ETF inflows

India’s passive fund industry saw assets under management rise approximately 5 % in a recent month as net inflows of around Rs 16,668 crore strengthened the segment, led by substantial investments into gold Exchange-Traded Funds. According to data from the industry association, this marks the 60th consecutive month of positive net flows into passive funds and underlines retail investor preference for low-cost, transparent investments. The trend comes as active equity inflows slow amidst higher valuations and uncertainty.