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Silver ETF inflows jump 139% month-on-month in January to Rs 9,463 crore, AUM at Rs 1.16 lakh crore

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Silver ETF inflows jump 139% month-on-month in January to Rs 9,463 crore, AUM at Rs 1.16 lakh crore
The net inflow in silver ETFs soared 139% in January to Rs 9,463 crore compared to an inflow of Rs 3,962 crore in December 2025. The precious metal ETFs had an AUM of Rs 1.16 lakh crore in January 2026 compared to Rs 72,652 crore in December 2025 seeing a growth of 61% on monthly basis.

These ETFs witnessed a surge in inflows despite volatility in prices seen in January. Despite volatile market, silver ETFs delivered returns upto 52.28% in the first month of the current calendar year.

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Tata Silver ETF offered the highest return of 52.28% in January, followed by Axis Silver ETF which gained 46.09% in the same time frame. Zerodha Silver ETF gave 45.52% in January.

Nippon India Silver ETF, the largest fund in the category based on the assets managed, posted a return of 44.45%.

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Umesh Sharma, CIO-Debt, The Wealth Company Mutual Fund said the growth in gold ETFs and multi asset allocation funds gained investors’ interest with gold ETFs posting record inflows driven by superior one year performance of gold and silver relative to major asset classes.
Akhil Chaturvedi, Executive Director and Chief Business Officer, Motilal Oswal Asset Management Company said Highlight with no surprise have been flows in Gold and Silver ETFs and Index Funds with record flows of Rs 24,000 crore.

What happened in January

In January 2026, precious metals rose sharply due to global uncertainty, changing currency trends, and growing demand for safe assets which led to investors buying precious metals as protection against market risks, pushing prices to very high levels.

Despite a hefty correction in the last two trading sessions of the month, silver surged nearly 19%. Silver reached very high levels, close to record prices in January. On January 29, silver futures scaled fresh lifetime highs on the Multi Commodity Exchange (MCX), silver surged past the Rs 4 lakh mark for the first time.

Silver emerged better than gold in the starting month of the current calendar year because it benefits both as a precious metal and from industrial demand, which added to the buying pressure.

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However, towards the end of the month, things changed quickly. Once prices became very high, many investors started selling to book profits. This caused a sudden fall in prices. On January 30, silver delivered a stunning reversal on the MCX, plunging up to 27% — or Rs 1,07,968 — in a single day, marking its worst-ever crash and dragging prices back below the Rs 3 lakh mark, just a day after the metal had surged to a record high of Rs 4 lakh.

The fall on January 31, silver delivered a stunning reversal on MCX, plunging up to 25% — or Rs 92,000 — in a single day, marking its worst crash in 15 years and dragging prices back below the Rs 3 lakh mark, just a day after the metal had soared to a record high of Rs 4 lakh.

AMFI tally

At present there are 17 schemes in the category and there are nearly 47.84 lakh folios in this category. No new scheme in the category was launched in January.

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(VIDEO) Why did Heeseung leave ENHYPEN? Star Departs Group to Chase Solo Career

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ENHYPEN member Heeseung announced his departure from the K-pop boy band on March 10, 2026, to focus on a solo career, his agency Belift Lab confirmed in an official statement that sent shockwaves through the global fandom.

Enhypen
Enhypen in January 2026 L–R: Ni-Ki, Heeseung, Jake, Sunghoon, Jungwon, Sunoo, and Jay

The 24-year-old vocalist, widely regarded as the group’s “ace” for his all-rounder skills in singing, dancing and producing, will leave ENHYPEN after six years, effective immediately. Belift Lab, a subsidiary of HYBE Labels, emphasized that the decision followed extensive discussions among the members and agency about the group’s future direction and individual aspirations.

“Heeseung has his own distinct musical vision,” the agency stated via the fan platform Weverse and official social media channels. “After in-depth conversations, we decided to respect his wishes.” Heeseung will remain signed to Belift Lab and is actively preparing for a solo album debut, though no specific release timeline has been disclosed.

ENHYPEN, formed through the 2020 survival show “I-LAND,” will proceed as a six-member act featuring Jungwon, Jay, Jake, Sunghoon, Sunoo and Ni-ki. The group, known for its intense performances and dark-concept storytelling, recently promoted its seventh EP “The Sin: Vanish” in January 2026, achieving strong chart performance and international acclaim.

Heeseung, born Lee Hee-seung, debuted as ENHYPEN’s eldest member and center, contributing significantly to the group’s vocal stability and choreography. Fans often credited him with elevating tracks through his high notes and ad-libs, while his participation in songwriting and production added depth to ENHYPEN’s discography.

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In a handwritten letter posted on Weverse shortly after the agency’s announcement, Heeseung addressed ENGENE — the group’s fandom — directly, expressing gratitude and acknowledging the surprise. “Engine must have been very surprised to hear my news, and I think there are many people who are curious about the sudden story,” he wrote. “After thinking it over for a very long time, I made a big decision to follow the direction the company suggested, so that I can come to ENGENE in a better way.”

He described his six years with ENHYPEN as “the brightest moments of my life,” filled with overwhelming joy and growth. Heeseung emphasized his reluctance to prioritize personal ambitions over the team but noted the agency’s proposal aligned with his desire to explore new creative paths. “I had a lot of things I wanted to show you, but I also didn’t want to put my greed ahead of the team,” he added. He promised to work hard on solo projects and return stronger, carrying fans’ support forward.

The departure comes amid a wave of K-pop group restructurings in recent months, with fans drawing parallels to other high-profile exits. Discussions on platforms like X and Reddit highlighted questions about why Heeseung could not pursue solo activities while remaining in the group — a model adopted by members of acts like BTS and TXT. Some speculated internal scheduling pressures or differing artistic directions played a role, though no official statements cited conflicts or scandals.

Belift Lab praised the amicable nature of the transition, noting mutual respect among members. Industry observers commended the agency’s handling, describing it as transparent and professional compared to past cases involving abrupt or contentious departures.

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Fan reactions poured in swiftly, ranging from heartbreak to support. Many ENGENE expressed sadness over losing the group’s original dynamic, with trending hashtags reflecting grief and well-wishes. Others voiced optimism about Heeseung’s solo potential, citing his vocal prowess and creative input as assets for independent work. Some fans debated the timing, noting ENHYPEN’s packed schedule and recent promotional fatigue, while others questioned if the move signals broader shifts in HYBE’s strategy for its artists.

ENHYPEN rose rapidly since debut, amassing millions of followers with hits blending pop, hip-hop and electronic elements. The group achieved global success through world tours, music show wins and collaborations, solidifying its position in fourth-generation K-pop. Heeseung’s contributions were central to that trajectory, from standout performances on “I-LAND” to leading roles in concept trailers and live stages.

As ENHYPEN prepares for upcoming activities as six members, no immediate changes to scheduled promotions have been announced. The group maintains a strong fanbase and commercial momentum, with expectations high for continued releases and tours.

Heeseung’s solo path marks a new chapter for the artist who once described ENHYPEN as his “everything.” Belift Lab indicated support for both the group’s group endeavors and Heeseung’s individual pursuits, suggesting potential for future crossovers while respecting the separation.

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The announcement underscores evolving dynamics in K-pop, where artists increasingly seek personal expression amid group commitments. For ENHYPEN and its fans, the focus shifts to adaptation and anticipation for what lies ahead — both for the six-piece lineup and Heeseung’s forthcoming solo era.

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