India mutual fund monitor
May 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 May 2022 SIP not published for May 2022 NFO May 2022 Fund-house assets Jan–Mar 2022 (quarterly) Holdings May 2022
AMFI monthly report, May 2022. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -74,141 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 +18,529 Cr
- Debt -32,722 Cr
- Hybrid +5,123 Cr
- Index funds & ETFs +11,983 Cr
- Overseas fund of funds +246 Cr
- Solution oriented +160 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +18,529 | +15,890 | +62,883 | +185,304 |
| Debt | -32,722 | +54,757 | -92,789 | -102,711 |
| Hybrid | +5,123 | +7,240 | +8,760 | +92,725 |
| Index funds & ETFs | +11,983 | +15,825 | +47,233 | +144,675 |
| Overseas fund of funds | +246 | +62.71 | +289 | +7,864 |
| Solution oriented | +160 | +112 | +412 | +1,411 |
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 · May 2022
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | +15,071 | +14.02% | +6,347 | +40,842 |
| Other ETFs (single category)Passive | +6,056 | +1.47% | +21,625 | +87,652 |
| Index Funds (single category)Passive | +5,723 | +7.73% | +24,098 | +54,147 |
| Flexi CapEquity | +2,939 | +1.31% | +7,197 | +39,134 |
| Large CapEquity | +2,485 | +1.11% | +6,797 | +16,000 |
| Large & Mid CapEquity | +2,414 | +2.18% | +7,628 | +17,645 |
| Sectoral / Thematic (combined)Equity | +2,292 | +1.53% | +6,442 | +30,422 |
| Balanced Advantage / Dynamic Asset AllocationHybrid | +2,248 | +1.25% | +5,510 | +57,725 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Money MarketDebt | -14,599 | -11.16% | -3,892 | -3,044 |
| Short TermDebt | -8,603 | -7.72% | -22,110 | -43,309 |
| Ultra Short TermDebt | -7,105 | -6.88% | +5,144 | -6,378 |
| Ultra Short to Short TermDebt | -6,716 | -5.86% | -14,171 | -44,216 |
| Floating Interest RatesDebt | -5,286 | -6.42% | -11,105 | +4,188 |
| Dynamic TermDebt | -2,414 | -9.65% | -3,496 | -2,896 |
| Corporate BondDebt | -2,147 | -1.69% | -16,667 | -38,502 |
| Medium TermDebt | -1,222 | -3.88% | -3,386 | -1,883 |
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 May 2022; it is not a May 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
13.33 Cr
+20.54 L on the month · +32.8% 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 · May 2022
0new schemes allotted
0.00 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
AMFI reported no new scheme allotment in May 2022.
6 · Equity ownership activity
Disclosed holdings · like-for-like portfolios · May 2022
752companies held
16AMCs reporting
495new positions
514complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Bajaj Finserv Limited72 comparable portfolios 10
- 02 Infosys Limited172 comparable portfolios 10
- 03 Life Insurance Corporation Of India56 comparable portfolios 9
- 04 InterGlobe Aviation Limited31 comparable portfolios 9
- 05 Reliance Industries Limited162 comparable portfolios 9
- 06 JSW Steel Limited44 comparable portfolios 9
- 07 Hindalco Industries Limited90 comparable portfolios 9
- 08 State Bank of India162 comparable portfolios 9
- 09 Maruti Suzuki India Limited117 comparable portfolios 9
- 10 HDFC Bank Limited172 comparable portfolios 9
Most AMCs reducing
↗CompanyAMCs
- 01 ACC Limited55 comparable portfolios 8
- 02 Kotak Mahindra Bank Limited121 comparable portfolios 8
- 03 Bharat Forge Limited59 comparable portfolios 8
- 04 Divi's Laboratories Limited87 comparable portfolios 8
- 05 Shriram Finance Limited23 comparable portfolios 7
- 06 PVR INOX Limited32 comparable portfolios 7
- 07 The Ramco Cements Limited31 comparable portfolios 7
- 08 Godrej Consumer Products Limited44 comparable portfolios 7
- 09 Marico Limited29 comparable portfolios 7
- 10 Pidilite Industries Limited27 comparable portfolios 7
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+34.3% · 11 portfolios +4.21 Cr
- 02 ETERNAL LIMITED+33.7% · 28 portfolios +1.34 Cr
- 03 The Indian Hotels Company Limited+11.1% · 36 portfolios +1.15 Cr
- 04 Infosys Limited+7.7% · 172 portfolios +1.03 Cr
- 05 ICICI Bank Limited+2.5% · 186 portfolios +1.02 Cr
- 06 ITC Limited+4.2% · 100 portfolios +1.02 Cr
- 07 Tata Motors Passenger Vehicles Limited+13.0% · 107 portfolios +95.77 L
- 08 The Federal Bank Limited+5.0% · 39 portfolios +92.63 L
- 09 Bharat Electronics Limited+4.6% · 56 portfolios +88.42 L
- 10 Life Insurance Corporation Of India— · 56 portfolios +87.73 L
Largest comparable holding decreases
↗CompanyShares
- 01 Steel Authority of India Limited-34.8% · 27 portfolios -2.41 Cr
- 02 Punjab National Bank-15.9% · 21 portfolios -1.68 Cr
- 03 Indian Oil Corporation Limited-21.1% · 29 portfolios -97.77 L
- 04 JINDAL STEEL LIMITED-16.0% · 54 portfolios -64.37 L
- 05 Indian Energy Exchange Limited-8.8% · 14 portfolios -53.76 L
- 06 Manappuram Finance Limited-7.4% · 16 portfolios -49.24 L
- 07 Bharti Airtel Limited-3.8% · 143 portfolios -43.73 L
- 08 Canara Bank-13.7% · 32 portfolios -37.69 L
- 09 IDFC First Bank Limited-2.7% · 17 portfolios -30.90 L
- 10 Zydus Lifesciences Limited-23.6% · 22 portfolios -30.79 L
Most new positions
↗CompanyPositions
- 01 Life Insurance Corporation Of India56 comparable portfolios 56
- 02 MTAR Technologies Limited35 comparable portfolios 12
- 03 Hindalco Industries Limited90 comparable portfolios 9
- 04 Tata Steel Limited98 comparable portfolios 7
- 05 Mahindra & Mahindra Limited99 comparable portfolios 7
- 06 Britannia Industries Limited54 comparable portfolios 7
- 07 Campus Activewear Limited16 comparable portfolios 7
- 08 JSW Steel Limited44 comparable portfolios 6
- 09 IndusInd Bank Limited65 comparable portfolios 6
- 10 Tata Motors Passenger Vehicles Limited107 comparable portfolios 6
Most complete exits
↗CompanyExits
- 01 Apollo Tyres Limited18 comparable portfolios 10
- 02 Wipro Limited82 comparable portfolios 9
- 03 Asian Paints Limited82 comparable portfolios 8
- 04 Steel Authority of India Limited27 comparable portfolios 8
- 05 LTM Limited59 comparable portfolios 8
- 06 Kotak Mahindra Bank Limited121 comparable portfolios 8
- 07 Pidilite Industries Limited27 comparable portfolios 8
- 08 Bharat Forge Limited59 comparable portfolios 8
- 09 JINDAL STEEL LIMITED54 comparable portfolios 8
- 10 Zydus Lifesciences Limited22 comparable portfolios 7
Most widely held stocks
CompanyAMCs
- 01 ICICI Bank Limited216 portfolios 15
- 02 ITC Limited115 portfolios 15
- 03 HDFC Bank Limited200 portfolios 14
- 04 State Bank of India186 portfolios 14
- 05 Axis Bank Limited177 portfolios 14
- 06 Larsen & Toubro Limited169 portfolios 14
- 07 Bharti Airtel Limited162 portfolios 14
- 08 Tata Consultancy Services Limited140 portfolios 14
- 09 Housing Development Finance Corp.Lt130 portfolios 14
- 10 Bajaj Finance Limited121 portfolios 14
Broader ownership
↗CompanyΔ AMCs
- 01 Larsen & Toubro Limited14 AMCs now +3
- 02 MINDTREE LTD.14 AMCs now +3
- 03 HDFC Bank Limited14 AMCs now +3
- 04 State Bank of India14 AMCs now +3
- 05 Dr. Reddy's Laboratories Limited12 AMCs now +3
- 06 ICICI Bank Limited15 AMCs now +3
- 07 ITC Limited15 AMCs now +3
- 08 Vedanta Limited12 AMCs now +3
- 09 Tata Power Company Limited12 AMCs now +3
- 10 Bharat Electronics Limited11 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 Zydus Lifesciences Limited8 AMCs now -2
- 02 Steel Authority of India Limited6 AMCs now -2
- 03 Berger Paints (I) Limited7 AMCs now -2
- 04 Info Edge (India) Limited8 AMCs now -2
- 05 Mahindra & Mahindra Financial Services Limited4 AMCs now -2
- 06 REC Limited6 AMCs now -1
- 07 Indian Energy Exchange Limited9 AMCs now -1
- 08 Fino Payments Bank Limited2 AMCs now -1
- 09 Tata Chemicals Limited8 AMCs now -1
- 10 ABB India Limited7 AMCs now -1
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 | May 2022 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | May 2022 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2022 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | May 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 →