Top ETFs In India By AUM And Liquidity In 2026

Last Reviewed and Updated: 17 Aug 2026

Total assets across India's ETF industry crossed Rs 10 lakh crore during 2025, a scale that has continued growing through 2026 as commodity ETFs specifically, covered in our earlier articles on gold and silver, have pulled in record inflows alongside the more established broad market equity funds.

The Largest By Category

Category	Example	Approximate Scale
Broad equity index	SBI ETF Nifty 50	AUM exceeding Rs 2 lakh crore
Silver	Nippon India Silver ETF (SILVERBEES)	AUM around Rs 44,491 crore, covered in our earlier silver ETF article
International	Motilal Oswal NASDAQ 100 ETF	AUM around Rs 13,282 crore, covered in our earlier international ETF article
Gold	The gold ETF category overall	Category AUM crossed Rs 1.71 lakh crore by March 2026, covered in our earlier gold ETF article

AUM Alone Does Not Guarantee Liquidity

A large asset base typically correlates with better liquidity, tighter bid ask spreads, and more efficient tracking, exactly the point made in our earlier article on ETF liquidity, but AUM and trading volume are still two different numbers worth checking separately.

Nippon India Silver ETF has been cited with the highest recorded trading volume among Indian ETFs in one recent snapshot, roughly 13.2 million units traded in a single session, a liquidity specific data point rather than simply a reflection of its already large AUM.

A large fund is usually a liquid one. Usually is not the same as always, and the number that actually protects you at the moment you sell is trading volume, not AUM.

Liquid ETFs: A Different Kind Of Top

Liquid and overnight ETFs, tracking the Nifty 1D Rate Index and covered in more depth in our earlier article on debt ETFs, get ranked by an entirely different standard than equity ETFs.

Options from Zerodha, Kotak, Mirae Asset, DSP, and ICICI Prudential are commonly cited in this category, delivering roughly 5% to 6% gross returns, and the relevant comparison here is AUM, tight tracking of the overnight rate, and safety, rather than long term growth potential.

These exist for short term cash parking, not wealth building, and belong in a genuinely different conversation than the broad equity and commodity ETFs covered above.

Liquid ETF Example	Approximate 1 Year Return
Mirae Asset Nifty 1D Rate Liquid ETF	Around 5.29%
DSP BSE Liquid ETF	Around 5.19%
Zerodha and Kotak liquid ETF options	Broadly in the 5% to 6% range

Why This List Will Look Different In A Year

The pace of change in this market has been genuinely fast. Silver ETF category assets alone grew more than sixfold in roughly a year, covered in detail in our earlier silver ETF article, a reminder that any snapshot of the largest and most liquid funds, including this one, is a photograph of a specific moment rather than a fixed, permanent ranking.

Checking current AUM and trading volume figures directly before investing matters more here than in most other corners of the market.

Note: A single, precisely ranked top 10 list is a genuinely risky thing to present as fixed, since exact figures shift week to week and different data providers report meaningfully different numbers even on the same day. Instead, this article surveys the largest, most liquid fund in each major ETF category, individually sourced, so the picture stays useful even as exact rankings inevitably move. Confirm current figures directly with your broker or the AMC before relying on any specific number here.

This article is for general informational purposes only and does not constitute investment advice. AUM, trading volume, and rankings cited here reflect figures reported at specific points in 2026 and change frequently. Confirm current figures directly with your broker or the relevant AMC before investing, and consult a qualified financial adviser for guidance specific to your situation.

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