A · Jan 2026
Inflows
- Overnight+46,280 Cr
- Liquid+30,682 Cr
- Gold ETF+24,040 Cr
- Other ETFs (single category)+15,006 Cr
- Money Market+12,763 Cr
Outflows
- Corporate Bond-11,473 Cr
- Short Term-2,889 Cr
- Dynamic Term-1,435 Cr
- Gilt-1,428 Cr
- Long Term-1,336 Cr
Historical comparison
Jan 2026 vs Jan 2025
Period A against period B, dataset by dataset. Fund-house assets compare quarters, never months.
Summary
A − B. Levels show a percentage change; flows can change sign, so only the absolute change is shown.
| Measure | A · Jan 2026 | B · Jan 2025 | Change | % change |
|---|---|---|---|---|
| Industry AUM | 81.01 lakh Cr | 67.25 lakh Cr | +13.76 lakh Cr | +20.5% |
| Total net flow | +1.56 lakh Cr | +1.88 lakh Cr | -31,092 Cr | — |
| Equity net flow | +24,029 Cr | +39,688 Cr | -15,659 Cr | — |
| Debt net flow | +74,827 Cr | +1.29 lakh Cr | -53,825 Cr | — |
| Hybrid net flow | +17,356 Cr | +8,768 Cr | +8,588 Cr | — |
| Passive (index funds & ETFs) net flow | +39,073 Cr | +10,178 Cr | +28,895 Cr | — |
| Other open-ended net flow | +1,223 Cr | +321 Cr | +903 Cr | — |
| SIPs, folios and NFOs | ||||
| SIP contribution | 31,002 Cr | 26,400 Cr | +4,602 Cr | +17.4% |
| SIP assets | 16.36 lakh Cr | 13.20 lakh Cr | +3.16 lakh Cr | +23.9% |
| Contributing SIP accounts | 9.92 Cr | 8.35 Cr | +1.57 Cr | +18.8% |
| Folios | 26.63 Cr | 22.92 Cr | +3.71 Cr | +16.2% |
| NFO schemes | 12 | 12 | +0 | +0.0% |
| NFO mobilisation | 1,939 Cr | 4,544 Cr | -2,605 Cr | -57.3% |
| Equity holdings (disclosed portfolios) | ||||
| Companies in disclosed equity holdings | 1,204 | 1,070 | +134 | +12.5% |
| AMCs with disclosed holdings | 30 | 27 | +3 | +11.1% |
| Portfolios with disclosed equity | 733 | 648 | +85 | +13.1% |
“Not published”: AMFI or the disclosures do not cover that month for this dataset (for example SIP before June 2024, holdings before January 2022). It is never treated as zero.
Where the assets sit
Open-ended AUM by asset class, and each class’s share of the open-ended total
| Asset class | AUM · A | Share · A | AUM · B | Share · B | Share change |
|---|---|---|---|---|---|
| Equity | 34.87 lakh Cr | 43.2% | 29.47 lakh Cr | 44.0% | -0.82 pp |
| Debt | 18.90 lakh Cr | 23.4% | 17.06 lakh Cr | 25.5% | -2.07 pp |
| Hybrid | 11.01 lakh Cr | 13.6% | 8.75 lakh Cr | 13.1% | +0.56 pp |
| Index funds & ETFs | 15.02 lakh Cr | 18.6% | 10.91 lakh Cr | 16.3% | +2.31 pp |
| Overseas fund of funds | 39,229 Cr | 0.5% | 28,065 Cr | 0.4% | +0.07 pp |
| Solution oriented | 57,274 Cr | 0.7% | 51,259 Cr | 0.8% | -0.06 pp |
Asset shares move with markets as well as with flows; a rising share is not by itself an inflow.
Largest category flows in each month
Net flow · ₹ crore
B · Jan 2025
Inflows
- Liquid+91,593 Cr
- Money Market+21,916 Cr
- Overnight+18,937 Cr
- Sectoral / Thematic (combined)+9,017 Cr
- Small Cap+5,721 Cr
Outflows
- Short Term-2,066 Cr
- Gilt-1,360 Cr
- Floating Interest Rates-1,129 Cr
- Credit Risk-294 Cr
- Medium Term-220 Cr
Fund-house market share
Quarterly average AUM
Quarters, not months. A: latest quarter ended by Jan 2026 is Oct–Dec 2025. B: latest quarter ended by Jan 2025 is Oct–Dec 2024. Official AMC-level net-flow data is not available from the validated source. AUM movement includes both investor flows and market movement.
| Fund house | Share · Oct–Dec 2025 | Share · Oct–Dec 2024 | Change | Rank |
|---|---|---|---|---|
| SBI Mutual Fund | 15.42% | 16.23% | -0.82 pp | 1 |
| ICICI Prudential Mutual Fund | 13.29% | 12.74% | +0.55 pp | 2 |
| HDFC Mutual Fund | 11.42% | 11.48% | -0.06 pp | 3 |
| Nippon India Mutual Fund | 8.65% | 8.31% | +0.35 pp | 4 |
| Kotak Mahindra Mutual Fund | 7.08% | 7.12% | -0.05 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 5.47% | 5.59% | -0.12 pp | 6 |
| UTI Mutual Fund | 4.86% | 5.14% | -0.27 pp | 7 |
| Axis Mutual Fund | 4.45% | 4.75% | -0.30 pp | 8 |
| Tata Mutual Fund | 2.77% | 2.74% | +0.03 pp | 9was 11 |
| Mirae Asset Mutual Fund | 2.76% | 2.83% | -0.07 pp | 10was 9 |
Gained share
- ICICI Prudential Mutual Fund+0.55 pp
- PPFAS Mutual Fund+0.40 pp
- Motilal Oswal Mutual Fund+0.39 pp
- Nippon India Mutual Fund+0.35 pp
- Invesco Mutual Fund+0.15 pp
- WhiteOak Capital Mutual Fund+0.14 pp
Lost share
- SBI Mutual Fund-0.82 pp
- Axis Mutual Fund-0.30 pp
- UTI Mutual Fund-0.27 pp
- quant Mutual Fund-0.22 pp
- HSBC Mutual Fund-0.19 pp
- Aditya Birla Sun Life Mutual Fund-0.12 pp
Fund houses present in both quarters. A merged house’s series ends; nothing is added to the acquirer.
Holdings breadth
Disclosed equity holdings
Most widely held · Jan 2026
- HDFC Bank Limited30 AMCs
- ICICI Bank Limited30 AMCs
- State Bank of India30 AMCs
- Reliance Industries Limited30 AMCs
- Bharti Airtel Limited29 AMCs
- Larsen & Toubro Limited29 AMCs
- Bajaj Finance Limited29 AMCs
- Bharat Electronics Limited29 AMCs
- Titan Company Limited29 AMCs
- Axis Bank Limited28 AMCs
Most widely held · Jan 2025
- Infosys Limited25 AMCs
- Reliance Industries Limited25 AMCs
- Bharti Airtel Limited25 AMCs
- Bajaj Finance Limited25 AMCs
- Bharat Electronics Limited25 AMCs
- HCL Technologies Limited25 AMCs
- Hindustan Unilever Limited25 AMCs
- ICICI Bank Limited24 AMCs
- HDFC Bank Limited24 AMCs
- State Bank of India24 AMCs
Broader ownership · more AMCs in A than in B
- SAGILITY LIMITED1 → 15
- Sammaan Capital Limited6 → 17
- Neuland Laboratories Limited7 → 18
- Inox Wind Limited6 → 16
- NBCC (India) Limited8 → 17
- Godfrey Phillips India Limited8 → 17
- Maharashtra Scooters Limited1 → 10
- Bajaj Housing Finance Limited6 → 15
Narrower ownership · fewer AMCs in A than in B
- Aditya Birla Fashion and Retail Limited23 → 8
- Gujarat Narmada Valley Fertilizers and Chemicals Limited13 → 3
- Granules India Limited16 → 9
- Tata Chemicals Limited18 → 12
- Indian Railway Catering And Tourism Corporation Limited19 → 13
- ITC Hotels Limited22 → 16
- Sterling and Wilson Renewable Energy Limited8 → 3
- Ecos (India) Mobility & Hospitality Limited6 → 1
Number of AMCs disclosing the company. 30 AMCs reported in Jan 2026 and 27 in Jan 2025; a change in reporting coverage changes breadth too.