Nippon India ETF Gold BeES has secured the 15th position globally among gold exchange-traded funds by fund flows, recording inflows of $1.17 billion in 2025, according to World Gold Council rankings released for December 2025. The fund is now India’s largest gold ETF and the only Indian gold ETF to feature in the global top 20 by flows.
India emerged as the third-largest market globally for gold ETF inflows in 2025, attracting $4.37 billion during the year. Only the United States and China recorded higher inflows. The strong performance comes amid global gold ETF net inflows of $88.5 billion in calendar year 2025, reflecting increased investor demand for gold as a hedge against macroeconomic uncertainty.
Nippon Life India Asset Management Limited, which manages Nippon India Mutual Fund, announced the milestone on Monday. The company said Nippon India ETF Gold BeES led domestic flows by a wide margin, reinforcing its leadership in India’s expanding gold ETF market.
“Gold continued to play a meaningful role in investor portfolios in 2025 as global markets navigated macro uncertainty, currency volatility, evolving interest-rate expectations and heightened geopolitical risks,” said Vikram Dhawan, Head Commodities and Fund Manager at Nippon India Mutual Fund. He noted that consistent traction in gold ETFs in India reflects growing preference for regulated investment products.