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The Indian market regulatory agency has allowed actively managed equity funds in the country with a scale of $384 billion to allocate more funds to gold and silver, giving them greater flexibility as demand for physical assets rises globally. According to the revised regulations by the Securities and Exchange Board of India, equity funds can invest the remaining portion of their portfolio (up to 35% of assets under management) in gold and silver instruments as well as shares of infrastructure investment trusts. By expanding the list of allowed investments, the regulatory agency has provided equity funds with a wider range of investment tools, with their original choices including money market and other liquid securities. This adjustment may also create new sources of demand for gold and silver. The fact that local investors put more money into gold ETFs than equity funds in January highlights the increasing attractiveness of gold in times of market uncertainty.