New Delhi, Jan. 29 -- With prices of gold and silver continuing to rise, setting new records on a regular basis, the assets under management (AUM) of Exchange Traded Funds (ETFs) that invest in these precious metals could well rival the largest equity mutual funds (MFs) soon.

The combined AUM of the gold and silver ETFs of Nippon India MF has vaulted past the Rs.1 lakh crore mark. It stood at Rs.102,516.5 crore at the end of 28 January, National Stock Exchange (NSE) data showed. ICICI Prudential MF came second with the aggregate AUM of its gold and silver ETFs totalling Rs.48,165.7 crore.

The assets of Nippon India Gold ETF, the largest in the category, stood at Rs. 55,125 crore, while its silver ETF's AUM totalled Rs.47,392 crore. ICIC...