Debasis Mohapatra
Bengaluru, 21 Dec 2025
Record rise in gold prices in 2025 has put the focus on NBFCs like Manappuram Finance, which have a majority book comprising gold loan.
Here is a snapshot on AUM mix of Manappuram Finance’s Q2FY26 Book:
AUM Mix during Q2FY26:
| Segment | % Share of total AUM during Q2FY26 | % Share in Q2FY25 | Rise/Fall YoY |
| Gold | 69% | 53% | 16% ↑ |
| MFIs | 11% | 24% | 13% ↓ |
| VEF (Vehicle & Equipment Finance) | 9% | 11% | 2% ↓ |
| HFC | 4% | 4% | Flat |
| MSME | 7% | 7% | Flat |
(Source: Regulatory Filings)
Disclaimer: This information is educational purposes only.
