A curated summary of key trends shaping the Indian mutual fund landscape — AUM movements, category flows, SIP momentum, and market context for May 2026.
Key Highlights · May 2026
What moved the market this month
63rd consecutive month of positive inflows. Flexi-cap led at ₹5,176 Cr for the 10th straight month.
AUM ↑1.1% to ₹36.14L CrDebt assets declined 4.6% on-month as April’s record inflows unwound across liquid, money market and overnight categories.
Debt AUM ₹18.25L Cr · 10Y G-sec ~7.00%Hybrid inflows were led by arbitrage funds at ₹5,698 Cr; multi-asset allocation funds added ₹3,929 Cr.
Hybrid AUM ₹11.16L CrPassive assets stayed broadly stable despite market correction; gold ETFs saw net outflows of ₹725 Cr.
Passive AUM ₹15.27L Cr · Gold ETF AUM ↑3.6%SIP contributions remained robust; contributing accounts stayed steady at 9.64 Cr in May.
SIP AUM ₹17.12L Cr · 21.0% of industry AUMSensex declined 2.8% and Nifty 50 fell 1.9% amid global uncertainty and volatile commodity prices.
DIIs bought ₹82,165 Cr · FIIs sold ₹32,963 Cr
