Nippon India ETF Gold BeES emerged as the largest gold exchange-traded fund (ETF) in India and ranked 15th globally by fund flows in 2025, according to
data from the World Gold Council, Bloomberg, and company filings.
The ETF recorded net inflows of $1.17 billion during the year, leading domestic gold ETF flows and making it the only Indian gold ETF to feature among the top 20 globally in terms of inflows.
Globally, gold ETFs attracted net inflows of $88.5 billion in calendar year 2025, reflecting increased investor demand amid macroeconomic uncertainty. The World Gold Council data showed that investors continued to use gold-backed ETFs as a hedge against market volatility, currency fluctuations, and geopolitical risks.
India ranked third globally in gold ETF inflows during the year, with net investments of USD 4.37 billion. The country trailed only the United States and China in terms of total inflows, highlighting the growing role of Indian investors in global gold ETF markets.
Within India’s gold ETF segment, Nippon India ETF Gold BeES accounted for the largest share of inflows in 2025, according to the comparative analysis released by the World Gold Council. The fund’s performance contributed significantly to India’s overall ranking among the top gold ETF markets worldwide.
The data underscores the continued expansion of the gold ETF market in India, alongside rising participation in regulated investment products linked to gold.
