Nippon India Gold BeES logs $1.08 bn inflows, 6.6 tonnes gold demand; ranks 6th globally

Nippon Life India Asset Management Limited on Tuesday said its flagship gold exchange-traded fund, Nippon India ETF Gold BeES, has ranked sixth globally among gold ETFs by fund flows, according to the latest data released by the World Gold Council.

The ETF recorded inflows of $1.08 billion, translating into gold demand of 6.6 tonnes in calendar year 2026, placing it among the largest gold ETF inflows globally during the period, the asset manager of Nippon India Mutual Fund said in a release.

According to the company, it was also the only Indian gold ETF to feature in the global top 10, highlighting the growing participation of domestic investors in regulated gold investment vehicles.

Globally, gold ETFs witnessed robust inflows amid ongoing macroeconomic uncertainty and the need for portfolio diversification. The top 15 gold ETFs attracted cumulative inflows of $42.86 billion, resulting in gold demand of around 301.3 tonnes, as per data compiled from Bloomberg, company filings, and the World Gold Council.

Funds based in the United States and China continued to dominate global flows, led by products such as SPDR Gold Shares and SPDR Gold MiniShares Trust.

Despite a relatively smaller ETF market, India emerged as a key contributor to global gold ETF flows during the period. With holdings of 36.2 tonnes of gold, the ETF accounted for a meaningful share of global demand and continues to strengthen India’s presence in the global gold investment landscape.

“The global ranking places Nippon India ETF Gold BeES alongside some of the world’s most established gold ETFs from the United States and China, reinforcing India’s increasing relevance in global commodity investment flows,” the release noted.

Data from the Association of Mutual Funds of India (AMFI) showed that net assets under management (AUM) in gold ETFs stood at ₹1.83 lakh crore in February 2026, marking a sharp 165% increase compared with February 2025.

Gold funds have emerged as standout performers over the past year, even before the onset of geopolitical tensions. The Nippon India Gold Savings Fund delivered returns of around 84.66% over the last year, while Nippon India Gold ETF BeES generated annual returns of approximately 84.23%, leading the category.

Other gold funds from Axis, ICICI Prudential, HDFC, and Tata Mutual Fund have also posted strong gains during the same period. The sharp rally in gold prices resulted in significant profit booking by investors in January this year.

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