New Delhi, June 26 -- Assets under management (AUM) of passive funds rose to Rs 14.77 lakh crore in May 2026, even as the industry recorded net outflows of Rs 402 crore, according to the NSE Nifty Passive Insight report.

The report said passive equity funds remained the main driver of the industry, attracting net inflows of Rs 9,488 crore during the month. Equity ETFs received Rs 6,692 crore, while equity index funds saw inflows of Rs 2,796 crore, highlighting continued investor preference for equity-based passive products.

However, market volatility limited the impact of these inflows on overall assets. Equity ETF AUM declined to Rs 7.81 lakh crore in May from Rs 7.85 lakh crore in April, as market losses offset fresh investments.

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