India ETF Flows Q2 2026 in Review

Equities regain leadership as precious metals cool and large-cap ETFs dominate flows

India ETF inflows moderated in Q2 2026 following a record first quarter, but assets under management climbed to a new high of INR 11.5 trillion. This report examines the shift back toward equities, the dominance of large-cap ETFs, changing category trends, and evolving provider dynamics within India's ETF market.