India mutual fund monitor
December 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 Dec 2022 SIP not published for Dec 2022 NFO Dec 2022 Fund-house assets Oct–Dec 2022 (quarterly) Holdings Dec 2022
AMFI monthly report, Dec 2022. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -53,317 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 +7,303 Cr
- Debt -21,947 Cr
- Hybrid +2,255 Cr
- Index funds & ETFs +15,252 Cr
- Overseas fund of funds +146 Cr
- Solution oriented +162 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +7,303 | +2,258 | +18,952 | +161,044 |
| Debt | -21,947 | +3,669 | -21,096 | -220,598 |
| Hybrid | +2,255 | -6,477 | -7,041 | -5,590 |
| Index funds & ETFs | +15,252 | +10,374 | +35,694 | +163,063 |
| Overseas fund of funds | +146 | +19.79 | +359 | +1,966 |
| Solution oriented | +162 | +92.84 | +427 | +1,717 |
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 · Dec 2022
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Other ETFs (single category)Passive | +8,788 | +1.75% | +15,600 | +83,244 |
| Index Funds (single category)Passive | +6,737 | +5.45% | +20,414 | +79,360 |
| Small CapEquity | +2,245 | +1.73% | +5,205 | +19,795 |
| Mid CapEquity | +1,962 | +1.05% | +4,524 | +20,550 |
| Ultra Short TermDebt | +1,737 | +2.01% | -2,290 | -3,903 |
| Multi Asset AllocationHybrid | +1,711 | +7.65% | +1,884 | +3,498 |
| Large & Mid CapEquity | +1,190 | +0.91% | +2,972 | +19,973 |
| ArbitrageHybrid | +883 | +1.20% | -5,661 | -31,310 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -13,852 | -3.38% | +39,509 | +17,939 |
| Floating Interest RatesDebt | -2,240 | -3.68% | -5,004 | -39,004 |
| Medium TermDebt | -1,800 | -6.48% | -2,618 | -10,359 |
| Banking and PSU DebtDebt | -1,353 | -1.80% | -4,755 | -35,458 |
| OvernightDebt | -1,254 | -1.21% | -40,688 | +2,287 |
| Money MarketDebt | -916 | -0.82% | +2,030 | -8,589 |
| Short TermDebt | -783 | -0.83% | -5,163 | -49,215 |
| Corporate BondDebt | -713 | -0.62% | +1,220 | -40,523 |
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: Oct–Dec 2022 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Dec 2022; it is not a December 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 | 7.12 lakh Cr | 17.69% | +0.21 pp | 1 |
| ICICI Prudential Mutual Fund | 4.88 lakh Cr | 12.12% | -0.07 pp | 2 |
| HDFC Mutual Fund | 4.45 lakh Cr | 11.05% | +0.05 pp | 3 |
| Nippon India Mutual Fund | 2.93 lakh Cr | 7.27% | -0.03 pp | 4 |
| Kotak Mahindra Mutual Fund | 2.87 lakh Cr | 7.12% | -0.10 pp | 5was 6 |
| Aditya Birla Sun Life Mutual Fund | 2.82 lakh Cr | 7.00% | -0.24 pp | 6was 5 |
| Axis Mutual Fund | 2.48 lakh Cr | 6.17% | -0.19 pp | 7 |
| UTI Mutual Fund | 2.41 lakh Cr | 5.98% | -0.00 pp | 8 |
| Bandhan Mutual Fund | 1.19 lakh Cr | 2.95% | -0.12 pp | 9 |
| DSP Mutual Fund | 1.16 lakh Cr | 2.88% | +0.03 pp | 10 |
Biggest share gainers · quarter
- HSBC Mutual Fund+1.79 pp
- SBI Mutual Fund+0.21 pp
- Canara Robeco Mutual Fund+0.09 pp
- quant Mutual Fund+0.09 pp
- Mirae Asset Mutual Fund+0.06 pp
Biggest share decliners · quarter
- Aditya Birla Sun Life Mutual Fund-0.24 pp
- Axis Mutual Fund-0.19 pp
- Bandhan Mutual Fund-0.12 pp
- Kotak Mahindra Mutual Fund-0.10 pp
- ICICI Prudential Mutual Fund-0.07 pp
Rank changes among the top 30
- HSBC Mutual Fund24 → 14
- Kotak Mahindra Mutual Fund6 → 5
- Aditya Birla Sun Life Mutual Fund5 → 6
- Invesco Mutual Fund18 → 17
- Sundaram Mutual Fund17 → 18
- PPFAS Mutual Fund20 → 19
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
14.11 Cr
+13.64 L on the month · +17.4% 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 · Dec 2022
36new schemes allotted
8,486 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Other ETFs | 4 | 2,798 Cr | — |
| Fixed Term Plan | 12 | 1,532 Cr | — |
| Multi Asset Allocation Fund | 1 | 1,235 Cr | — |
| Mid Cap Fund | 1 | 808 Cr | — |
| Index Funds | 9 | 571 Cr | — |
| Small Cap Fund | 1 | 475 Cr | — |
| Multi Cap Fund | 1 | 410 Cr | — |
| Large Cap Fund | 1 | 251 Cr | — |
| Long Duration Fund | 2 | 213 Cr | — |
| Overnight Fund | 1 | 111 Cr | — |
| ELSS | 2 | 52.00 Cr | — |
| Gilt Fund | 1 | 30.00 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 · Dec 2022
786companies held
17AMCs reporting
671new positions
676complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 UltraTech Cement Limited162 comparable portfolios 10
- 02 Hindustan Unilever Limited161 comparable portfolios 10
- 03 Titan Company Limited108 comparable portfolios 10
- 04 Kotak Mahindra Bank Limited147 comparable portfolios 10
- 05 Havells India Limited42 comparable portfolios 9
- 06 Wipro Limited73 comparable portfolios 9
- 07 Ambuja Cements Limited76 comparable portfolios 9
- 08 Nestle India Limited94 comparable portfolios 9
- 09 Bharat Electronics Limited95 comparable portfolios 9
- 10 LTM Limited92 comparable portfolios 9
Most AMCs reducing
↗CompanyAMCs
- 01 ABB India Limited68 comparable portfolios 11
- 02 Tube Investments of India Limited43 comparable portfolios 10
- 03 Honeywell Automation India Limited63 comparable portfolios 10
- 04 JINDAL STEEL LIMITED57 comparable portfolios 9
- 05 ACC Limited75 comparable portfolios 9
- 06 Cummins India Limited60 comparable portfolios 9
- 07 ICICI Lombard General Insurance Company Limited76 comparable portfolios 9
- 08 Infosys Limited199 comparable portfolios 9
- 09 Bank of Baroda90 comparable portfolios 9
- 10 HDFC Bank Limited208 comparable portfolios 9
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+36.3% · 10 portfolios +5.59 Cr
- 02 NHPC Limited+8.6% · 17 portfolios +2.24 Cr
- 03 Punjab National Bank+16.3% · 25 portfolios +1.72 Cr
- 04 Power Finance Corporation Limited+26.9% · 26 portfolios +1.58 Cr
- 05 Karur Vysya Bank Limited+22.6% · 15 portfolios +1.40 Cr
- 06 ETERNAL LIMITED+7.2% · 33 portfolios +1.03 Cr
- 07 Power Grid Corporation of India Limited+3.0% · 89 portfolios +93.34 L
- 08 Coal India Limited+3.5% · 70 portfolios +90.81 L
- 09 REC Limited+45.5% · 15 portfolios +85.16 L
- 10 Kfin Technologies Limited— · 15 portfolios +84.73 L
Largest comparable holding decreases
↗CompanyShares
- 01 Samvardhana Motherson International Limited-13.9% · 48 portfolios -3.05 Cr
- 02 Tata Motors Passenger Vehicles Limited-17.2% · 120 portfolios -1.27 Cr
- 03 Motherson Sumi Wiring India Limited-4.2% · 43 portfolios -1.22 Cr
- 04 ICICI Bank Limited-2.0% · 227 portfolios -92.20 L
- 05 Bank of Baroda-4.0% · 90 portfolios -86.77 L
- 06 Bharat Electronics Limited-1.5% · 95 portfolios -84.85 L
- 07 National Aluminium Company Limited-21.3% · 25 portfolios -69.67 L
- 08 Oil & Natural Gas Corporation Limited-2.0% · 54 portfolios -61.28 L
- 09 HDFC Bank Limited-2.6% · 208 portfolios -52.88 L
- 10 Indian Oil Corporation Limited-12.8% · 25 portfolios -44.61 L
Most new positions
↗CompanyPositions
- 01 Kfin Technologies Limited15 comparable portfolios 15
- 02 Eicher Motors Limited86 comparable portfolios 11
- 03 GMM Pfaudler Limited19 comparable portfolios 11
- 04 InterGlobe Aviation Limited69 comparable portfolios 11
- 05 Housing Development Finance Corp.Lt156 comparable portfolios 10
- 06 Nestle India Limited94 comparable portfolios 10
- 07 Bank of Baroda90 comparable portfolios 8
- 08 Tata Motors Passenger Vehicles Limited120 comparable portfolios 8
- 09 LTM Limited92 comparable portfolios 8
- 10 Bharti Airtel Limited155 comparable portfolios 8
Most complete exits
↗CompanyExits
- 01 Tata Motors Passenger Vehicles Limited120 comparable portfolios 17
- 02 Laurus Labs Limited47 comparable portfolios 13
- 03 Maruti Suzuki India Limited157 comparable portfolios 10
- 04 HCL Technologies Limited127 comparable portfolios 10
- 05 Dr. Reddy's Laboratories Limited85 comparable portfolios 9
- 06 Info Edge (India) Limited44 comparable portfolios 9
- 07 Amara Raja Energy & Mobility Limited12 comparable portfolios 9
- 08 The Ramco Cements Limited41 comparable portfolios 8
- 09 Adani Enterprises Limited45 comparable portfolios 8
- 10 Dixon Technologies (India) Limited51 comparable portfolios 8
Most widely held stocks
CompanyAMCs
- 01 Tata Consultancy Services Limited172 portfolios 17
- 02 Bajaj Finance Limited159 portfolios 17
- 03 ICICI Bank Limited244 portfolios 16
- 04 Reliance Industries Limited204 portfolios 16
- 05 Hindustan Unilever Limited172 portfolios 16
- 06 Sun Pharmaceutical Industries Limited168 portfolios 16
- 07 Housing Development Finance Corp.Lt164 portfolios 16
- 08 Maruti Suzuki India Limited157 portfolios 16
- 09 Kotak Mahindra Bank Limited151 portfolios 16
- 10 ITC Limited144 portfolios 16
Broader ownership
↗CompanyΔ AMCs
- 01 IDFC First Bank Limited9 AMCs now +3
- 02 Bata India Limited12 AMCs now +3
- 03 Aavas Financiers Limited8 AMCs now +3
- 04 L&T Finance Limited11 AMCs now +3
- 05 SBI Cards and Payment Services Limited14 AMCs now +2
- 06 Hindustan Unilever Limited16 AMCs now +2
- 07 Bank of India5 AMCs now +2
- 08 Dr. Reddy's Laboratories Limited16 AMCs now +2
- 09 IndusInd Bank Limited16 AMCs now +2
- 10 NMDC Steel Limited8 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Amara Raja Energy & Mobility Limited4 AMCs now -4
- 02 The Ramco Cements Limited8 AMCs now -3
- 03 Harsha Engineers International Limited4 AMCs now -2
- 04 Bosch Limited10 AMCs now -2
- 05 Abbott India Limited10 AMCs now -2
- 06 PB Fintech Limited7 AMCs now -2
- 07 Bharat Forge Limited11 AMCs now -2
- 08 Ahluwalia Contracts (India) Limited5 AMCs now -2
- 09 Bikaji Foods International Limited4 AMCs now -1
- 10 Dalmia Bharat Limited8 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 | Dec 2022 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Dec 2022 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2022 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Dec 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 →