India mutual fund monitor
March 2022
Flows, assets, SIPs, fund-house structure and equity ownership activity. Each dataset keeps its own period; the status at the foot of the page lists them.
Flows & AUM Mar 2022 SIP not published for Mar 2022 NFO Mar 2022 Fund-house assets Jan–Mar 2022 (quarterly) Holdings Mar 2022
AMFI monthly report, Mar 2022. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +70,270 Cr of the AUM change came from market movement and other effects, not investor money.
1 · Where money moved
Net flow by asset class · open-ended schemes · ₹ crore
- Equity +28,463 Cr
- Debt -1.15 lakh Cr
- Hybrid -3,604 Cr
- Index funds & ETFs +19,425 Cr
- Overseas fund of funds -20.10 Cr
- Solution oriented +141 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +28,463 | +19,705 | +63,057 | +164,405 |
| Debt | -114,824 | -8,274 | -118,010 | -68,354 |
| Hybrid | -3,604 | +3,177 | +5,803 | +95,220 |
| Index funds & ETFs | +19,425 | +16,291 | +44,188 | +128,160 |
| Overseas fund of funds | -20.10 | +230 | +600 | +10,674 |
| Solution oriented | +141 | +165 | +464 | +1,265 |
3- and 12-month sums appear only where the series is unbroken; “—” means the window crosses a new classification.
2 · Category winners and losers
SEBI scheme categories · Mar 2022
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Index Funds (single category)Passive | +12,313 | +22.50% | +22,975 | +44,770 |
| Multi CapEquity | +9,695 | +22.66% | +11,171 | +28,156 |
| Other ETFs (single category)Passive | +6,907 | +1.76% | +21,707 | +80,849 |
| Large & Mid CapEquity | +3,165 | +3.06% | +6,923 | +14,734 |
| Large CapEquity | +3,052 | +1.41% | +7,281 | +13,518 |
| ELSS (Tax Saver)Equity | +2,676 | +1.90% | +4,579 | +1,452 |
| Flexi CapEquity | +2,549 | +1.18% | +8,950 | +35,877 |
| FocusedEquity | +2,310 | +2.49% | +6,079 | +15,998 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -44,604 | -11.46% | -18,728 | -3,576 |
| OvernightDebt | -12,852 | -11.12% | +7,802 | +28,562 |
| Corporate BondDebt | -11,967 | -8.45% | -23,122 | -37,151 |
| Short TermDebt | -9,055 | -7.27% | -24,035 | -30,042 |
| Ultra Short to Short TermDebt | -8,946 | -7.38% | -15,891 | -21,847 |
| Banking and PSU DebtDebt | -7,998 | -7.91% | -14,189 | -30,482 |
| Floating Interest RatesDebt | -7,338 | -8.38% | -15,069 | +11,434 |
| ArbitrageHybrid | -6,797 | -6.70% | -6,177 | +22,756 |
Investor money into and out of each category. It is not attributed to any stock.
3 · Fund-house market structure
Average AUM · quarterly
Fund-house data: Jan–Mar 2022 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Mar 2022; it is not a March observation and nothing is interpolated. A later quarter (Apr–Jun 2026) is available on the AMC explorer.
| Fund house | Average AUM | Market share | Δ quarter | Rank |
|---|---|---|---|---|
| SBI Mutual Fund | 6.47 lakh Cr | 16.86% | +0.43 pp | 1 |
| ICICI Prudential Mutual Fund | 4.68 lakh Cr | 12.20% | -0.04 pp | 2 |
| HDFC Mutual Fund | 4.32 lakh Cr | 11.26% | -0.44 pp | 3 |
| Aditya Birla Sun Life Mutual Fund | 2.96 lakh Cr | 7.71% | -0.11 pp | 4 |
| Kotak Mahindra Mutual Fund | 2.85 lakh Cr | 7.42% | -0.05 pp | 5 |
| Nippon India Mutual Fund | 2.83 lakh Cr | 7.38% | +0.04 pp | 6 |
| Axis Mutual Fund | 2.60 lakh Cr | 6.77% | +0.14 pp | 7 |
| UTI Mutual Fund | 2.24 lakh Cr | 5.83% | -0.05 pp | 8 |
| Bandhan Mutual Fund | 1.21 lakh Cr | 3.15% | -0.12 pp | 9 |
| DSP Mutual Fund | 1.08 lakh Cr | 2.81% | -0.08 pp | 10 |
Biggest share gainers · quarter
- SBI Mutual Fund+0.43 pp
- Sundaram Mutual Fund+0.22 pp
- Baroda BNP Paribas Mutual Fund+0.22 pp
- Edelweiss Mutual Fund+0.21 pp
- Axis Mutual Fund+0.14 pp
Biggest share decliners · quarter
- HDFC Mutual Fund-0.44 pp
- Bandhan Mutual Fund-0.12 pp
- L&T Mutual Fund-0.11 pp
- Aditya Birla Sun Life Mutual Fund-0.11 pp
- DSP Mutual Fund-0.08 pp
Rank changes among the top 30
- NJ Mutual Fund32 → 28
- Mahindra Manulife Mutual Fund28 → 25
- Baroda BNP Paribas Mutual Fund23 → 21
- quant Mutual Fund29 → 27
- 360 ONE Mutual Fund31 → 29
- Edelweiss Mutual Fund14 → 13
Official AMC-level net-flow data is not available from the validated source. AUM movement includes both investor flows and market movement.
4 · SIPs & retail participation
AMFI Monthly Note (SIP) and monthly report (folios)
SIP contribution
—Not published for this period
SIP contribution · 12 months
—Not published for this period
SIP assets
—Not published for this period
Contributing SIP accounts
—Not published for this period
Folios
12.95 Cr
+33.75 L on the month · +32.3% on a year ago
SIP contribution is published from June 2024 and SIP assets from January 2024; contributing accounts from September 2024. Earlier months show “Not published for this period”, never zero.
5 · New fund offers
New Schemes sheet of the AMFI monthly report · Mar 2022
31new schemes allotted
13,275 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Multi Cap Fund | 1 | 8,170 Cr | — |
| Index Funds | 15 | 3,596 Cr | — |
| Fixed Term Plan | 8 | 1,364 Cr | — |
| Other ETFs | 5 | 95.00 Cr | — |
| Fund of funds investing overseas | 1 | 26.00 Cr | — |
| Conservative Hybrid Fund | 1 | 24.00 Cr | — |
Ordered by amount mobilised in each category. AMFI prints NFO amounts by category, so the largest NFOs are shown as the largest categories with their scheme names.
6 · Equity ownership activity
Disclosed holdings · like-for-like portfolios · Mar 2022
728companies held
14AMCs reporting
700new positions
735complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 HDFC Bank Limited187 comparable portfolios 13
- 02 Coforge Limited43 comparable portfolios 11
- 03 HDFC Life Insurance Company Limited74 comparable portfolios 11
- 04 Hindustan Unilever Limited133 comparable portfolios 10
- 05 FSN E-Commerce Ventures Limited38 comparable portfolios 9
- 06 Eicher Motors Limited45 comparable portfolios 9
- 07 Gland Pharma Limited75 comparable portfolios 9
- 08 Power Grid Corporation of India Limited74 comparable portfolios 9
- 09 Axis Bank Limited181 comparable portfolios 9
- 10 Bajaj Finance Limited117 comparable portfolios 9
Most AMCs reducing
↗CompanyAMCs
- 01 Hindalco Industries Limited94 comparable portfolios 9
- 02 Tata Consultancy Services Limited139 comparable portfolios 9
- 03 Tata Steel Limited92 comparable portfolios 8
- 04 ITC Limited103 comparable portfolios 8
- 05 TATA CONSUMER PRODUCTS LIMITED92 comparable portfolios 8
- 06 Tech Mahindra Limited110 comparable portfolios 8
- 07 HCL Technologies Limited140 comparable portfolios 8
- 08 Balrampur Chini Mills Limited18 comparable portfolios 7
- 09 JINDAL STEEL LIMITED60 comparable portfolios 7
- 10 JSW Steel Limited40 comparable portfolios 7
Largest comparable holding increases
↗CompanyShares
- 01 The Indian Hotels Company Limited+42.0% · 34 portfolios +3.28 Cr
- 02 Bank of Baroda+13.7% · 63 portfolios +2.55 Cr
- 03 Power Grid Corporation of India Limited+9.0% · 74 portfolios +2.35 Cr
- 04 Coal India Limited+10.4% · 56 portfolios +1.94 Cr
- 05 IDFC First Bank Limited+12.9% · 17 portfolios +1.43 Cr
- 06 Motherson Sumi Wiring India Limited+30.8% · 25 portfolios +1.34 Cr
- 07 Punjab National Bank+12.7% · 21 portfolios +1.19 Cr
- 08 Max Healthcare Institute Limited+42.7% · 24 portfolios +99.85 L
- 09 GAIL (India) Limited+12.9% · 48 portfolios +91.59 L
- 10 Steel Authority of India Limited+20.9% · 27 portfolios +89.86 L
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-54.6% · 10 portfolios -7.16 Cr
- 02 ITC Limited-7.5% · 103 portfolios -1.96 Cr
- 03 Yes Bank Limited-70.2% · 12 portfolios -1.63 Cr
- 04 Ashok Leyland Limited-5.6% · 75 portfolios -1.26 Cr
- 05 Hindalco Industries Limited-22.5% · 94 portfolios -1.26 Cr
- 06 State Bank of India-3.5% · 177 portfolios -1.09 Cr
- 07 National Aluminium Company Limited-21.4% · 27 portfolios -1.05 Cr
- 08 L&T Finance Limited-41.3% · 15 portfolios -93.23 L
- 09 Tata Motors Passenger Vehicles Limited-8.1% · 102 portfolios -68.56 L
- 10 Oil & Natural Gas Corporation Limited-2.2% · 51 portfolios -57.22 L
Most new positions
↗CompanyPositions
- 01 Apollo Hospitals Enterprise Limited92 comparable portfolios 17
- 02 Coforge Limited43 comparable portfolios 17
- 03 Restaurant Brands Asia Limited27 comparable portfolios 12
- 04 Jubilant Foodworks Limited74 comparable portfolios 11
- 05 The Indian Hotels Company Limited34 comparable portfolios 10
- 06 MINDTREE LTD.47 comparable portfolios 9
- 07 Hindustan Petroleum Corporation Limited53 comparable portfolios 9
- 08 CSB Bank Limited21 comparable portfolios 9
- 09 Cipla Limited88 comparable portfolios 8
- 10 Indian Oil Corporation Limited46 comparable portfolios 8
Most complete exits
↗CompanyExits
- 01 Indian Oil Corporation Limited46 comparable portfolios 20
- 02 Vedant Fashions Limited30 comparable portfolios 12
- 03 Hero MotoCorp Limited74 comparable portfolios 11
- 04 L&T Finance Limited15 comparable portfolios 11
- 05 Hindustan Petroleum Corporation Limited53 comparable portfolios 10
- 06 Indraprastha Gas Limited60 comparable portfolios 10
- 07 Apollo Hospitals Enterprise Limited92 comparable portfolios 10
- 08 HDFC Asset Management Company Limited30 comparable portfolios 9
- 09 Indian Railway Catering And Tourism Corporation Limited14 comparable portfolios 9
- 10 HCL Technologies Limited140 comparable portfolios 9
Most widely held stocks
CompanyAMCs
- 01 Tata Consultancy Services Limited139 portfolios 14
- 02 ICICI Bank Limited200 portfolios 13
- 03 HDFC Bank Limited184 portfolios 13
- 04 Axis Bank Limited179 portfolios 13
- 05 HCL Technologies Limited132 portfolios 13
- 06 Maruti Suzuki India Limited117 portfolios 13
- 07 Bajaj Finance Limited116 portfolios 13
- 08 Sun Pharmaceutical Industries Limited114 portfolios 13
- 09 ITC Limited98 portfolios 13
- 10 Divi's Laboratories Limited88 portfolios 13
Broader ownership
↗CompanyΔ AMCs
- 01 One 97 Communications Limited6 AMCs now +5
- 02 Indus Towers Limited9 AMCs now +3
- 03 Metropolis Healthcare Limited8 AMCs now +2
- 04 FSN E-Commerce Ventures Limited9 AMCs now +2
- 05 Coforge Limited11 AMCs now +2
- 06 Torrent Pharmaceuticals Limited9 AMCs now +2
- 07 ETERNAL LIMITED8 AMCs now +2
- 08 Laurus Labs Limited9 AMCs now +2
- 09 Dalmia Bharat Limited10 AMCs now +1
- 10 MINDTREE LTD.11 AMCs now +1
Narrower ownership
↗CompanyΔ AMCs
- 01 L&T Finance Limited2 AMCs now -7
- 02 Indian Railway Catering And Tourism Corporation Limited3 AMCs now -5
- 03 Yes Bank Limited4 AMCs now -4
- 04 Dabur India Limited11 AMCs now -2
- 05 Tata Chemicals Limited9 AMCs now -2
- 06 Mahindra & Mahindra Limited11 AMCs now -2
- 07 HDFC Asset Management Company Limited8 AMCs now -2
- 08 Ashok Leyland Limited11 AMCs now -2
- 09 Aurobindo Pharma Limited8 AMCs now -2
- 10 Canara Bank7 AMCs now -2
Comparable lists need at least 10 portfolios observed in both months and exclude companies under corporate-action review. Share changes are quantities, not cash flows, and category flows are never attributed to these stocks.
7 · Data status
What each figure on this page refers to
| Dataset | Period on this page | Frequency | Latest available |
|---|---|---|---|
| Flows, AUM, folios | Mar 2022 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Mar 2022 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2022 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Mar 2022 | Monthly disclosures | Aug 2026 |
Known limitations: no official net flow exists by fund house; fund-house figures are quarterly averages; SIP history starts in 2024; category flows cannot be attributed to stocks. Methodology →