AMFI monthly flow · May 2023
Monthly mutual fund flows
Official investor money into and out of Indian mutual fund schemes, as published by AMFI. A separate dataset from the disclosed holdings on the rest of this site.
Net flow is funds mobilised less repurchase and redemption, as published. Assets under management move with market prices as well as with investor money, so an increase in assets is not evidence of an inflow. How this data works →
AUM change · May 2023
+1.59 lakh Cr
All schemes, month-end to month-end
of which net flow
+57,420 Cr
Investor money, as AMFI publishes it
of which other than flow
+1.01 lakh Cr
Market movement, distributions, other effects
Gross mobilisation · redemptions
8.59 lakh Cr
Redemptions 8.01 lakh Cr
By asset class
Open-ended schemes · canonical asset classes · ₹ crore
- Equity +3,240 Cr
- Debt +45,959 Cr
- Hybrid +6,093 Cr
- Index funds & ETFs +4,736 Cr
- Overseas fund of funds -248 Cr
- Solution oriented +99.79 Cr
| Asset class | Gross | Redemptions | Net flow | 3-month | 6-month | 12-month | Streak |
|---|---|---|---|---|---|---|---|
| Equity | 30,809 | 27,569 | +3,240 | +30,255 | +65,790 | +122,054 | ▲ 27 |
| Debt | 794,877 | 748,917 | +45,959 | +95,752 | +49,674 | -53,001 | ▲ 2 |
| Hybrid | 19,669 | 13,576 | +6,093 | -2,962 | +4,245 | -21,767 | ▲ 2 |
| Index funds & ETFs | 12,706 | 7,971 | +4,736 | +38,429 | +64,024 | +139,840 | ▲ 31 |
| Overseas fund of funds | 277 | 525 | -248 | -192 | +53.04 | +964 | ▼ 2 |
| Solution oriented | 321 | 222 | +99.79 | +517 | +1,039 | +1,858 | ▲ 29 |
Passive is index funds and ETFs; overseas fund of funds is shown on its own. Streak counts consecutive months of inflow (▲) or outflow (▼).
Flow and asset history
Apr 2019 onward · 89 published months
Loading published flow history…
Largest category inflows
May 2023Scheme category₹ crore
- 01 Liquid FundDebt · prior month +63,219 +45,234
- 02 Money Market FundDebt · prior month +13,961 +8,731
- 03 Ultra Short Duration FundDebt · prior month +10,663 +7,585
- 04 Arbitrage FundHybrid · prior month +3,716 +6,640
- 05 Other ETFsPassive & other · prior month +6,790 +4,524
- 06 Short Duration FundDebt · prior month +1,783 +4,055
Largest category outflows
May 2023Scheme category₹ crore
- 01 Overnight FundDebt · prior month +6,107 -18,910
- 02 Floater FundDebt · prior month +3,911 -2,378
- 03 Large Cap FundEquity · prior month +52.63 -1,362
- 04 Balanced Hybrid Fund/Aggressive Hybrid FundHybrid · prior month -432 -997
- 05 Focused FundEquity · prior month -131 -944
- 06 Dynamic Asset Allocation/Balanced Advantage FundHybrid · prior month -71.15 -757
Ranked on AMFI net flow for the selected month. These are investor subscriptions less redemptions in a scheme category — not buying or selling of any company’s shares.
Open-ended scheme categories
May 2023 · every category AMFI published, in ₹ crore
| Category | Group | Net flow | Previous month | Change | 3-month | 12-month | Assets | Continuity |
|---|---|---|---|---|---|---|---|---|
| Liquid Fund36 schemes · 1,775,895 folios | Debt | +45,234 | +63,219 | -17,985 | +51,529 | +41,343 | 442,875 | Since Apr 2019 |
| Money Market Fund22 schemes · 427,143 folios | Debt | +8,731 | +13,961 | -5,230 | +11,270 | +8,427 | 132,362 | Since Apr 2019 |
| Ultra Short Duration Fund25 schemes · 635,328 folios | Debt | +7,585 | +10,663 | -3,077 | +7,967 | -3,399 | 98,493 | Since Apr 2019 |
| Arbitrage Fund26 schemes · 440,134 folios | Hybrid | +6,640 | +3,716 | +2,923 | -1,802 | -29,916 | 77,447 | Since Apr 2019 |
| Other ETFs160 schemes · 12,083,023 folios | Passive & other | +4,524 | +6,790 | -2,267 | +10,984 | +56,122 | 519,610 | Since Apr 2019 |
| Short Duration Fund25 schemes · 503,633 folios | Debt | +4,055 | +1,783 | +2,272 | +5,519 | -10,054 | 98,985 | Since Apr 2019 |
| Small Cap Fund24 schemes · 11,581,947 folios | Equity | +3,283 | +2,182 | +1,100 | +7,895 | +24,083 | 153,807 | Since Apr 2019 |
| Low Duration Fund21 schemes · 933,719 folios | Debt | +1,747 | +5,463 | -3,716 | +1,031 | -18,670 | 95,129 | Since Apr 2019 |
| Mid Cap Fund29 schemes · 10,820,927 folios | Equity | +1,196 | +1,791 | -595 | +5,116 | +19,811 | 204,480 | Since Apr 2019 |
| Large & Mid Cap Fund26 schemes · 7,910,456 folios | Equity | +1,133 | +739 | +395 | +3,491 | +15,630 | 140,558 | Since Apr 2019 |
| Multi Asset Allocation Fund12 schemes · 1,100,383 folios | Hybrid | +738 | +445 | +294 | +1,656 | +6,804 | 29,000 | Since Jan 2021 |
| Corporate Bond Fund21 schemes · 611,354 folios | Debt | +622 | +52.28 | +570 | +16,300 | +1,927 | 134,409 | Since Apr 2019 |
| Value Fund/Contra Fund22 schemes · 4,793,275 folios | Equity | +582 | +291 | +291 | +1,917 | +6,715 | 97,844 | Since Apr 2019 |
| Equity Savings Fund22 schemes · 360,308 folios | Hybrid | +445 | -136 | +581 | -189 | -1,385 | 17,138 | Since Jan 2021 |
| Dividend Yield Fund9 schemes · 741,636 folios | Equity | +289 | +123 | +167 | +4,128 | +4,129 | 15,210 | Since Apr 2019 |
| Medium to Long Duration Fund12 schemes · 106,803 folios | Debt | +189 | +598 | -409 | +916 | -22.97 | 9,904 | Since Apr 2019 |
| Banking and PSU Fund23 schemes · 292,621 folios | Debt | +123 | -150 | +272 | +6,470 | -12,015 | 81,846 | Since Apr 2019 |
| Index Funds183 schemes · 4,254,905 folios | Passive & other | +109 | +147 | -38.68 | +27,484 | +84,142 | 174,304 | Since Apr 2019 |
| Multi Cap Fund19 schemes · 4,212,703 folios | Equity | +105 | +206 | -102 | +1,028 | +9,126 | 74,017 | Since Apr 2019 |
| GOLD ETF13 schemes · 4,728,425 folios | Passive & other | +103 | +125 | -21.42 | -38.91 | -423 | 23,128 | Since Apr 2019 |
| Long Duration Fund7 schemes · 47,319 folios | Debt | +71.44 | +69.69 | +1.75 | +4,816 | +6,236 | 9,284 | Since Apr 2019 |
| Childrens Fund10 schemes · 2,931,011 folios | Solution oriented | +52.91 | +53.84 | -0.93 | +187 | +723 | 15,375 | Since Apr 2019 |
| Retirement Fund26 schemes · 2,768,033 folios | Solution oriented | +46.88 | +140 | -92.84 | +330 | +1,135 | 19,451 | Since Apr 2019 |
| Conservative Hybrid Fund20 schemes · 517,334 folios | Hybrid | +23.54 | -205 | +229 | +101 | +680 | 23,761 | Since Apr 2019 |
| Gilt Fund22 schemes · 179,210 folios | Debt | -128 | +435 | -562 | +4,738 | +5,710 | 22,283 | Since Apr 2019 |
| Sectoral/Thematic Funds128 schemes · 13,209,299 folios | Equity | -169 | +614 | -783 | +4,375 | +18,041 | 186,685 | Since Apr 2019 |
| Gilt Fund with 10 year constant duration5 schemes · 42,253 folios | Debt | -197 | +554 | -751 | +2,292 | +2,295 | 4,246 | Since Apr 2019 |
| Medium Duration Fund15 schemes · 255,984 folios | Debt | -209 | +5.66 | -214 | +766 | -4,768 | 27,419 | Since Apr 2019 |
| Fund of funds investing overseas50 schemes · 1,322,852 folios | Passive & other | -248 | -117 | -131 | -192 | +964 | 23,376 | Since Apr 2019 |
| Dynamic Bond Fund22 schemes · 232,928 folios | Debt | -287 | +362 | -649 | +5,736 | +5,598 | 30,012 | Since Apr 2019 |
| Credit Risk Fund15 schemes · 241,153 folios | Debt | -289 | -356 | +66.66 | -489 | -3,774 | 24,559 | Since Apr 2019 |
| Flexi Cap Fund35 schemes · 12,731,864 folios | Equity | -368 | +551 | -919 | +1,290 | +12,497 | 262,587 | Since Jan 2021 |
| ELSS42 schemes · 15,282,099 folios | Equity | -505 | +61.16 | -566 | +2,242 | +6,247 | 163,767 | Since Apr 2019 |
| Dynamic Asset Allocation/Balanced Advantage Fund29 schemes · 4,434,950 folios | Hybrid | -757 | -71.15 | -686 | -1,272 | -165 | 200,130 | Since Jan 2021 |
| Focused Fund26 schemes · 5,258,096 folios | Equity | -944 | -131 | -813 | -827 | +2,456 | 106,413 | Since Apr 2019 |
| Balanced Hybrid Fund/Aggressive Hybrid Fund31 schemes · 5,293,071 folios | Hybrid | -997 | -432 | -565 | -1,457 | +2,215 | 162,201 | Since Apr 2019 |
| Large Cap Fund31 schemes · 12,934,624 folios | Equity | -1,362 | +52.63 | -1,415 | -398 | +3,319 | 251,232 | Since Apr 2019 |
| Floater Fund13 schemes · 233,630 folios | Debt | -2,378 | +3,911 | -6,289 | -2,167 | -25,436 | 55,375 | Since Apr 2019 |
| Overnight Fund32 schemes · 673,564 folios | Debt | -18,910 | +6,107 | -25,018 | -20,941 | -46,397 | 81,981 | Since Apr 2019 |
Close-ended and interval schemes are published separately by AMFI and are not listed here; they are included in the industry totals above.
Flows and holdings, side by side
May 2023 · two separate datasets
Not attribution. Category flows and security-level holding changes are separate datasets and cannot be directly attributed without transaction-level evidence. Nothing below allocates flow to any company.
Equity category money
+3,240 Cr
AMFI net flow into equity-oriented open-ended schemes in May 2023.
Equity categories →Ownership broadened
AMCs holding- 01Mankind Pharma Limited14 AMCs now hold it+8
- 02Indraprastha Gas Limited14 AMCs now hold it+5
- 03Zydus Lifesciences Limited14 AMCs now hold it+4
- 04JSW Steel Limited16 AMCs now hold it+4
- 05Hindalco Industries Limited17 AMCs now hold it+4
- 06Escorts Kubota Limited12 AMCs now hold it+4
- 07SHREE CEMENT LIMITED12 AMCs now hold it+4
- 08Kajaria Ceramics Limited14 AMCs now hold it+4
Ownership narrowed
AMCs holding- 01Tata Chemicals Limited8 AMCs now hold it-4
- 02Page Industries Limited12 AMCs now hold it-2
- 03Hindustan Aeronautics Limited14 AMCs now hold it-1
- 04Gland Pharma Limited6 AMCs now hold it-1
- 05Chambal Fertilizers & Chemicals Limited7 AMCs now hold it-1
- 06IDFC First Bank Limited8 AMCs now hold it-1
- 07Uniparts India Limited2 AMCs now hold it-1
- 08Vinati Organics Limited10 AMCs now hold it-1
Ownership breadth is the number of asset managers whose disclosed portfolios held the company at month-end, compared with the previous month-end, excluding companies under corporate-action review. It counts holders; it is not money and it is not buying. Full holdings activity →
How to read these flows
Flow is not holdings activity. AMFI net flow is investor money entering or leaving a scheme category. The rest of this site describes shares that portfolios disclosed at consecutive month-ends. The two are sourced differently, answer different questions, and are never combined.
AMFI publishes these figures for the industry and for each SEBI scheme category. It does not publish flow by asset management company in this report, so none is shown. Category flow begins in April 2019, when the report adopted the SEBI categories; earlier months use a sponsor-group report with a different taxonomy and are not carried.
AMFI re-labelled the category tree in August 2026, splitting value from contra, sectoral from thematic, and index and exchange traded funds by asset class. A renamed category starts a new series rather than inheriting the history of the old name, which is why some rows show no previous month.
Full methodology →