diff --git a/charts/argo-cd/Chart.yaml b/charts/argo-cd/Chart.yaml
index 75944916..dd40f29b 100644
--- a/charts/argo-cd/Chart.yaml
+++ b/charts/argo-cd/Chart.yaml
@@ -3,7 +3,7 @@ appVersion: v2.7.1
 kubeVersion: ">=1.22.0-0"
 description: A Helm chart for Argo CD, a declarative, GitOps continuous delivery tool for Kubernetes.
 name: argo-cd
-version: 5.32.0
+version: 5.32.1
 home: https://github.com/argoproj/argo-helm
 icon: https://argo-cd.readthedocs.io/en/stable/assets/logo.png
 sources:
@@ -24,4 +24,4 @@ dependencies:
 annotations:
   artifacthub.io/changes: |
     - kind: added
-      description: Allow extraObjects to contain string templates
+      description: Enable to customize Service type of applicationset-controller
diff --git a/charts/argo-cd/README.md b/charts/argo-cd/README.md
index f1f0845f..054dc2f9 100644
--- a/charts/argo-cd/README.md
+++ b/charts/argo-cd/README.md
@@ -1079,6 +1079,7 @@ If you want to use an existing Redis (eg. a managed service from a cloud provide
 | applicationSet.service.labels | object | `{}` | ApplicationSet service labels |
 | applicationSet.service.port | int | `7000` | ApplicationSet service port |
 | applicationSet.service.portName | string | `"webhook"` | ApplicationSet service port name |
+| applicationSet.service.type | string | `"ClusterIP"` | ApplicationSet service type |
 | applicationSet.serviceAccount.annotations | object | `{}` | Annotations applied to created service account |
 | applicationSet.serviceAccount.automountServiceAccountToken | bool | `true` | Automount API credentials for the Service Account |
 | applicationSet.serviceAccount.create | bool | `true` | Create ApplicationSet controller service account |
diff --git a/charts/argo-cd/templates/argocd-applicationset/service.yaml b/charts/argo-cd/templates/argocd-applicationset/service.yaml
index 640b195a..e3a07b6f 100644
--- a/charts/argo-cd/templates/argocd-applicationset/service.yaml
+++ b/charts/argo-cd/templates/argocd-applicationset/service.yaml
@@ -16,6 +16,7 @@ metadata:
 {{- toYaml . | nindent 4 }}
 {{- end }}
 spec:
+  type: {{ .Values.applicationSet.service.type }}
   ports:
   - name: {{ .Values.applicationSet.service.portName }}
     port: {{ .Values.applicationSet.service.port }}
diff --git a/charts/argo-cd/values.yaml b/charts/argo-cd/values.yaml
index afdaa095..3f95a663 100644
--- a/charts/argo-cd/values.yaml
+++ b/charts/argo-cd/values.yaml
@@ -2432,6 +2432,8 @@ applicationSet:
     annotations: {}
     # -- ApplicationSet service labels
     labels: {}
+    # -- ApplicationSet service type
+    type: ClusterIP
     # -- ApplicationSet service port
     port: 7000
     # -- ApplicationSet service port name