India mutual fund monitor
February 2023
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 Feb 2023 SIP not published for Feb 2023 NFO Feb 2023 Fund-house assets Oct–Dec 2022 (quarterly) Holdings Feb 2023
AMFI monthly report, Feb 2023. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -25,724 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 +15,686 Cr
- Debt -13,815 Cr
- Hybrid +460 Cr
- Index funds & ETFs +6,439 Cr
- Overseas fund of funds +49.53 Cr
- Solution oriented +169 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +15,686 | +12,547 | +35,535 | +154,683 |
| Debt | -13,815 | -10,316 | -46,078 | -241,542 |
| Hybrid | +460 | +4,492 | +7,208 | -10,045 |
| Index funds & ETFs | +6,439 | +3,905 | +25,595 | +148,644 |
| Overseas fund of funds | +49.53 | +49.83 | +245 | +1,446 |
| Solution oriented | +169 | +189 | +521 | +1,753 |
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 · Feb 2023
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Index Funds (single category)Passive | +6,244 | +4.67% | +18,794 | +80,756 |
| Sectoral / Thematic (combined)Equity | +3,856 | +2.30% | +4,556 | +20,109 |
| OvernightDebt | +2,946 | +2.96% | -1,996 | -19,109 |
| Small CapEquity | +2,246 | +1.72% | +6,747 | +21,369 |
| Multi CapEquity | +1,977 | +2.99% | +4,427 | +20,398 |
| Mid CapEquity | +1,817 | +0.99% | +5,407 | +20,270 |
| Flexi CapEquity | +1,802 | +0.75% | +3,211 | +18,404 |
| Large & Mid CapEquity | +1,651 | +1.30% | +4,742 | +19,767 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -11,304 | -2.86% | -30,198 | -24,283 |
| Ultra Short TermDebt | -2,430 | -2.68% | +1,072 | -6,222 |
| Ultra Short to Short TermDebt | -1,904 | -2.03% | -3,083 | -33,871 |
| Floating Interest RatesDebt | -1,665 | -2.89% | -5,342 | -34,375 |
| Credit RiskDebt | -673 | -2.69% | -1,398 | -4,697 |
| Money MarketDebt | -542 | -0.46% | +5,002 | -6,735 |
| Medium TermDebt | -294 | -1.13% | -2,171 | -8,920 |
| Banking and PSU DebtDebt | -260 | -0.35% | -2,786 | -30,699 |
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 Feb 2023; it is not a February 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
14.43 Cr
+14.07 L on the month · +14.4% 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 · Feb 2023
27new schemes allotted
7,187 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Sectoral/Thematic Funds | 2 | 2,540 Cr | — |
| Multi Cap Fund | 1 | 1,764 Cr | — |
| Fixed Term Plan | 6 | 954 Cr | — |
| Index Funds | 11 | 863 Cr | — |
| Flexi Cap Fund | 2 | 744 Cr | — |
| Dynamic Asset Allocation/Balanced Advantage Fund | 1 | 292 Cr | — |
| Other ETFs | 3 | 17.00 Cr | — |
| GOLD ETF | 1 | 13.00 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 · Feb 2023
838companies held
20AMCs reporting
858new positions
815complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Tata Motors Passenger Vehicles Limited151 comparable portfolios 14
- 02 Housing Development Finance Corp.Lt182 comparable portfolios 13
- 03 Oil & Natural Gas Corporation Limited76 comparable portfolios 13
- 04 NTPC Limited175 comparable portfolios 13
- 05 JSW Steel Limited56 comparable portfolios 12
- 06 GAIL (India) Limited90 comparable portfolios 12
- 07 Coforge Limited74 comparable portfolios 12
- 08 Mahindra & Mahindra Limited175 comparable portfolios 12
- 09 Tata Consultancy Services Limited183 comparable portfolios 12
- 10 UltraTech Cement Limited200 comparable portfolios 12
Most AMCs reducing
↗CompanyAMCs
- 01 SBI Life Insurance Company Limited146 comparable portfolios 14
- 02 Tata Power Company Limited74 comparable portfolios 11
- 03 Vedanta Limited57 comparable portfolios 11
- 04 Oberoi Realty Limited46 comparable portfolios 10
- 05 ICICI Prudential Life Insurance Company Limited70 comparable portfolios 10
- 06 Bajaj Finserv Limited97 comparable portfolios 10
- 07 National Aluminium Company Limited32 comparable portfolios 9
- 08 Exide Industries Limited31 comparable portfolios 9
- 09 TVS Motor Company Limited72 comparable portfolios 9
- 10 UPL Limited70 comparable portfolios 9
Largest comparable holding increases
↗CompanyShares
- 01 Equitas Small Finance Bank Limited+177.7% · 33 portfolios +18.48 Cr
- 02 NTPC Limited+4.0% · 175 portfolios +2.99 Cr
- 03 GAIL (India) Limited+8.9% · 90 portfolios +2.23 Cr
- 04 IDFC LIMITED+22.1% · 36 portfolios +2.12 Cr
- 05 ETERNAL LIMITED+8.4% · 56 portfolios +1.81 Cr
- 06 Oil & Natural Gas Corporation Limited+3.5% · 76 portfolios +1.56 Cr
- 07 Tata Motors Passenger Vehicles Limited+7.8% · 151 portfolios +1.17 Cr
- 08 Punjab National Bank+3.0% · 45 portfolios +96.62 L
- 09 Bharat Heavy Electricals Limited+12.1% · 33 portfolios +96.36 L
- 10 Tata Steel Limited+1.5% · 137 portfolios +85.02 L
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-23.8% · 13 portfolios -3.87 Cr
- 02 Bank of Baroda-14.0% · 116 portfolios -3.61 Cr
- 03 Ambuja Cements Limited-33.5% · 94 portfolios -2.41 Cr
- 04 State Bank of India-3.5% · 268 portfolios -2.15 Cr
- 05 Adani Ports and Special Economic Zone Limited-34.4% · 86 portfolios -2.07 Cr
- 06 Motherson Sumi Wiring India Limited-4.3% · 53 portfolios -1.83 Cr
- 07 IDFC First Bank Limited-11.8% · 29 portfolios -1.63 Cr
- 08 National Aluminium Company Limited-26.5% · 32 portfolios -1.49 Cr
- 09 Vedanta Limited-41.2% · 57 portfolios -91.29 L
- 10 Ashok Leyland Limited-4.4% · 89 portfolios -86.12 L
Most new positions
↗CompanyPositions
- 01 LTM Limited137 comparable portfolios 31
- 02 PVR INOX Limited48 comparable portfolios 25
- 03 Equitas Small Finance Bank Limited33 comparable portfolios 23
- 04 Coforge Limited74 comparable portfolios 17
- 05 Voltas Limited90 comparable portfolios 16
- 06 UltraTech Cement Limited200 comparable portfolios 16
- 07 Larsen & Toubro Limited225 comparable portfolios 14
- 08 Divi's Laboratories Limited114 comparable portfolios 14
- 09 InterGlobe Aviation Limited96 comparable portfolios 14
- 10 GAIL (India) Limited90 comparable portfolios 13
Most complete exits
↗CompanyExits
- 01 Bank of Baroda116 comparable portfolios 23
- 02 Adani Ports and Special Economic Zone Limited86 comparable portfolios 19
- 03 SBI Life Insurance Company Limited146 comparable portfolios 18
- 04 UPL Limited70 comparable portfolios 15
- 05 Ambuja Cements Limited94 comparable portfolios 12
- 06 Vedanta Limited57 comparable portfolios 12
- 07 Bharat Petroleum Corporation Limited100 comparable portfolios 11
- 08 GAIL (India) Limited90 comparable portfolios 11
- 09 IndusInd Bank Limited148 comparable portfolios 10
- 10 Piramal Enterprises Limited27 comparable portfolios 10
Most widely held stocks
CompanyAMCs
- 01 Reliance Industries Limited259 portfolios 19
- 02 Tata Consultancy Services Limited193 portfolios 19
- 03 Bajaj Finance Limited181 portfolios 19
- 04 ITC Limited173 portfolios 19
- 05 Power Grid Corporation of India Limited109 portfolios 19
- 06 ICICI Bank Limited301 portfolios 18
- 07 HDFC Bank Limited288 portfolios 18
- 08 State Bank of India276 portfolios 18
- 09 Axis Bank Limited245 portfolios 18
- 10 Larsen & Toubro Limited235 portfolios 18
Broader ownership
↗CompanyΔ AMCs
- 01 Shriram Finance Limited10 AMCs now +4
- 02 Equitas Small Finance Bank Limited8 AMCs now +3
- 03 Metropolis Healthcare Limited11 AMCs now +2
- 04 LIC Housing Finance Limited13 AMCs now +2
- 05 Delta Corp Limited11 AMCs now +2
- 06 PVR INOX Limited11 AMCs now +2
- 07 Central Depository Services (India) Limited10 AMCs now +2
- 08 Mahanagar Gas Limited11 AMCs now +1
- 09 Dalmia Bharat Limited11 AMCs now +1
- 10 Larsen & Toubro Limited18 AMCs now +1
Narrower ownership
↗CompanyΔ AMCs
- 01 Bank of Baroda15 AMCs now -2
- 02 Ambuja Cements Limited14 AMCs now -2
- 03 Aarti Pharmalabs Limited3 AMCs now -2
- 04 NMDC Steel Limited7 AMCs now -2
- 05 Bharat Dynamics Limited9 AMCs now -2
- 06 Multi Commodity Exchange of India Limited14 AMCs now -2
- 07 Mahindra & Mahindra Financial Services Limited8 AMCs now -2
- 08 Siemens Limited13 AMCs now -1
- 09 Prudent Corporate Advisory Services Limited7 AMCs now -1
- 10 Affle 3i Limited6 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 | Feb 2023 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Feb 2023 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2022 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Feb 2023 | 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 →