Did mutual funds make investors miss the gold and silver rally? Radhika Gupta responds

The gold and silver rally in 2025 has sparked several false claims on social media about the missed opportunities for many investors. One such claim, made by a user on X, alleges that mutual funds have made the Indian retail investors miss the entire rally in assets like gold, silver and AI stocks in the last one year.

However, this claim is wrong. Mutual funds offer a diverse range of options from which investors can choose what best suits their goals and risk appetite.

On Monday, October 13, Edelweiss Mutual Fund's MD and CEO, Radhika Gupta, fact-checked the claim and responded with the following points:

"The industry runs

"1. Gold and silver funds (we launched a combo product in 2022, many others have had individual funds for even longer)

"2. Broad-based US funds, US Tech Funds (around since before COVID)

"3. China, ASEAN, EM funds

"4. A host of hybrid funds including multi asset funds and FoFs that blend assets

"5. Domestic thematic funds and thematic funds combining domestic and global stocks (eg. Edel Tech)"

She further said that mutual funds are like a financial food court, where investors choose what they want.

"We are a financial food court. Investors choose what they want."

In a previous post on X on October 8,

Gupta had shared that Edelweiss Mutual Fund launched Gold Silver FoF, a first-to-industry fund, three years ago. At that time, the past returns looked so poor that the team wondered how it would sell. "But we believed both in the asset class being undervalued and in the power of a simple 50:50 gold–silver combination."

She said that gold’s role as a safe haven is well understood. But central bank buying, macro uncertainty, and global ETF flows played strong catalysts. Silver, meanwhile, provided the kick in the combo, thanks to its dual identity as both an industrial and a precious metal.

"Investors often struggle with timing questions: how much gold, how much silver, and when to exit what? We’ve always liked the simplicity of 50:50: gold provides the stability of large caps, and silver the alpha of midcaps," she said.

The price of gold has jumped nearly 60% this year, while silver prices have increased around 80%.