New Delhi, Nov. 7 -- Gold ETFs are emerging as a major investment choice among Indian investors, with their folio count growing significantly faster than that of equity mutual funds over the past three years.

This raises questions about whether investors are increasingly chasing gold returns rather than following a disciplined asset allocation strategy.

According to an analysis by OmniScience Capital, gold ETFs witnessed a 164% growth in folios between September 2023 and September 2026, compared with just 30% growth in large-cap mutual fund folios. Their assets under management (AUM) also surged to nearly half the AUM of large-cap funds.

A folio is an investment account number assigned to an investor by a mutual fund house for a partic...