Concept:
To form a differential equation from a family of curves containing arbitrary constants, differentiate sufficiently many times and eliminate the constants.
Since there are two arbitrary constants, we differentiate twice.
Step 1: Write the given family.
\[
ax^2+2hxy=1
\]
Differentiate with respect to \(x\):
\[
2ax+2h\left(y+x\frac{dy}{dx}\right)=0
\]
\[
ax+h\left(y+x\frac{dy}{dx}\right)=0
\]
\[
ax+hy+hx\frac{dy}{dx}=0
\quad \cdots (1)
\]
Step 2: Differentiate again.
Differentiating equation (1):
\[
a+h\left(\frac{dy}{dx}\right)
+h\left(\frac{dy}{dx}+x\frac{d^2y}{dx^2}\right)=0
\]
\[
a+2h\frac{dy}{dx}
+hx\frac{d^2y}{dx^2}=0
\quad \cdots (2)
\]
Step 3: Eliminate constants.
From the original equation,
\[
ax^2+2hxy=1
\]
From equation (1),
\[
ax=-hy-hx\frac{dy}{dx}
\]
Substitute into equation (2):
\[
-h\frac{y}{x}
-h\frac{dy}{dx}
+2h\frac{dy}{dx}
+hx\frac{d^2y}{dx^2}=0
\]
\[
-h\frac{y}{x}
+h\frac{dy}{dx}
+hx\frac{d^2y}{dx^2}=0
\]
Dividing by \(h\),
\[
-\frac{y}{x}
+\frac{dy}{dx}
+x\frac{d^2y}{dx^2}=0
\]
Multiplying by \(x\),
\[
x^2\frac{d^2y}{dx^2}
+x\frac{dy}{dx}
-y=0
\]
Hence, the required differential equation is
\[
\boxed{
x^2\frac{d^2y}{dx^2}
+x\frac{dy}{dx}
-y=0
}
\]