India mutual fund monitor
April 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 Apr 2023 SIP not published for Apr 2023 NFO Apr 2023 Fund-house assets Jan–Mar 2023 (quarterly) Holdings Apr 2023
AMFI monthly report, Apr 2023. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +98,356 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 +6,480 Cr
- Debt +1.07 lakh Cr
- Hybrid +3,317 Cr
- Index funds & ETFs +7,062 Cr
- Overseas fund of funds -117 Cr
- Solution oriented +194 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +6,480 | +20,534 | +42,700 | +137,343 |
| Debt | +106,677 | -56,884 | +35,978 | -131,682 |
| Hybrid | +3,317 | -12,372 | -8,595 | -22,736 |
| Index funds & ETFs | +7,062 | +26,631 | +40,132 | +147,087 |
| Overseas fund of funds | -117 | +173 | +105 | +1,459 |
| Solution oriented | +194 | +224 | +587 | +1,918 |
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 · Apr 2023
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +63,219 | +19.01% | -5,009 | -2,115 |
| Money MarketDebt | +13,961 | +12.87% | +1,997 | -14,902 |
| Ultra Short TermDebt | +10,663 | +13.48% | -2,048 | -18,090 |
| Other ETFs (single category)Passive | +6,790 | +1.40% | +6,489 | +57,654 |
| OvernightDebt | +6,107 | +6.39% | +915 | -12,416 |
| Ultra Short to Short TermDebt | +5,463 | +6.30% | -2,620 | -27,133 |
| Floating Interest RatesDebt | +3,911 | +7.38% | -1,453 | -28,344 |
| ArbitrageHybrid | +3,716 | +5.51% | -8,377 | -35,548 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Aggressive / Balanced Hybrid (combined)Hybrid | -432 | -0.28% | -335 | +4,592 |
| Credit RiskDebt | -356 | -1.44% | -872 | -4,214 |
| Conservative HybridHybrid | -205 | -0.88% | -14.44 | +705 |
| Banking and PSU DebtDebt | -150 | -0.19% | +6,087 | -13,259 |
| Equity SavingsHybrid | -136 | -0.85% | -839 | -1,630 |
| FocusedEquity | -131 | -0.13% | +357 | +4,949 |
| Fund of Funds investing overseasFof Overseas | -117 | -0.51% | +105 | +1,459 |
| Balanced Advantage / Dynamic Asset AllocationHybrid | -71.15 | -0.04% | -458 | +2,840 |
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 2023 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Apr 2023; it is not a April 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 | 7.17 lakh Cr | 17.71% | +0.01 pp | 1 |
| ICICI Prudential Mutual Fund | 5.00 lakh Cr | 12.34% | +0.21 pp | 2 |
| HDFC Mutual Fund | 4.50 lakh Cr | 11.10% | +0.06 pp | 3 |
| Nippon India Mutual Fund | 2.93 lakh Cr | 7.24% | -0.03 pp | 4 |
| Kotak Mahindra Mutual Fund | 2.89 lakh Cr | 7.14% | +0.02 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 2.75 lakh Cr | 6.79% | -0.20 pp | 6 |
| Axis Mutual Fund | 2.41 lakh Cr | 5.96% | -0.21 pp | 7 |
| UTI Mutual Fund | 2.39 lakh Cr | 5.90% | -0.09 pp | 8 |
| Bandhan Mutual Fund | 1.17 lakh Cr | 2.89% | -0.07 pp | 9 |
| Mirae Asset Mutual Fund | 1.16 lakh Cr | 2.87% | +0.01 pp | 10was 11 |
Biggest share gainers · quarter
- ICICI Prudential Mutual Fund+0.21 pp
- Edelweiss Mutual Fund+0.17 pp
- quant Mutual Fund+0.09 pp
- Tata Mutual Fund+0.08 pp
- HDFC Mutual Fund+0.06 pp
Biggest share decliners · quarter
- Axis Mutual Fund-0.21 pp
- Aditya Birla Sun Life Mutual Fund-0.20 pp
- UTI Mutual Fund-0.09 pp
- HSBC Mutual Fund-0.07 pp
- Bandhan Mutual Fund-0.07 pp
Rank changes among the top 30
- Mirae Asset Mutual Fund11 → 10
- DSP Mutual Fund10 → 11
- Edelweiss Mutual Fund13 → 12
- Tata Mutual Fund12 → 13
- quant Mutual Fund24 → 23
- LIC Mutual Fund23 → 24
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
14.64 Cr
+6.85 L on the month · +11.5% 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 · Apr 2023
9new schemes allotted
1,828 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 | 1 | 1,612 Cr | — |
| Dynamic Asset Allocation/Balanced Advantage | 1 | 101 Cr | — |
| Floater Fund | 1 | 71.00 Cr | — |
| Index Funds | 4 | 34.00 Cr | — |
| GOLD ETF | 1 | 5.00 Cr | — |
| Other ETFs | 1 | 5.00 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 · Apr 2023
789companies held
17AMCs reporting
592new positions
677complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 ABB India Limited71 comparable portfolios 10
- 02 Britannia Industries Limited80 comparable portfolios 10
- 03 HDFC Bank Limited214 comparable portfolios 10
- 04 The Indian Hotels Company Limited75 comparable portfolios 9
- 05 Balrampur Chini Mills Limited33 comparable portfolios 9
- 06 Crompton Greaves Consumer Electricals Limited93 comparable portfolios 9
- 07 Alkem Laboratories Limited49 comparable portfolios 9
- 08 Grasim Industries Limited61 comparable portfolios 9
- 09 Nestle India Limited83 comparable portfolios 9
- 10 Infosys Limited208 comparable portfolios 9
Most AMCs reducing
↗CompanyAMCs
- 01 DLF Limited65 comparable portfolios 9
- 02 Bharti Airtel Limited173 comparable portfolios 9
- 03 Bharat Petroleum Corporation Limited72 comparable portfolios 8
- 04 Tata Power Company Limited60 comparable portfolios 8
- 05 Apollo Hospitals Enterprise Limited87 comparable portfolios 8
- 06 SRF Limited58 comparable portfolios 8
- 07 Bajaj Finserv Limited76 comparable portfolios 8
- 08 Eicher Motors Limited84 comparable portfolios 8
- 09 HDFC Life Insurance Company Limited69 comparable portfolios 8
- 10 Tata Steel Limited115 comparable portfolios 8
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+31.2% · 12 portfolios +3.91 Cr
- 02 Samvardhana Motherson International Limited+7.9% · 58 portfolios +2.33 Cr
- 03 Bharat Heavy Electricals Limited+18.5% · 38 portfolios +2.01 Cr
- 04 Zee Entertainment Enterprises Limited+13.4% · 56 portfolios +1.42 Cr
- 05 Power Finance Corporation Limited+16.3% · 41 portfolios +1.36 Cr
- 06 Bandhan Bank Limited+11.4% · 67 portfolios +1.16 Cr
- 07 Delhivery Limited+22.4% · 20 portfolios +1.12 Cr
- 08 Bharat Electronics Limited+1.9% · 97 portfolios +1.06 Cr
- 09 Infosys Limited+3.2% · 208 portfolios +95.15 L
- 10 FSN E-Commerce Ventures Limited+16.7% · 43 portfolios +86.15 L
Largest comparable holding decreases
↗CompanyShares
- 01 Max Healthcare Institute Limited-22.3% · 41 portfolios -1.90 Cr
- 02 Axis Bank Limited-5.1% · 210 portfolios -1.66 Cr
- 03 ITC Limited-2.1% · 145 portfolios -1.29 Cr
- 04 Tata Steel Limited-1.5% · 115 portfolios -86.60 L
- 05 State Bank of India-1.5% · 206 portfolios -78.43 L
- 06 NMDC Limited-6.9% · 35 portfolios -67.66 L
- 07 DLF Limited-11.1% · 65 portfolios -60.06 L
- 08 Coal India Limited-1.6% · 69 portfolios -51.80 L
- 09 Bank of Baroda-2.4% · 87 portfolios -50.45 L
- 10 Bank of India-8.4% · 17 portfolios -49.57 L
Most new positions
↗CompanyPositions
- 01 Mankind Pharma Limited16 comparable portfolios 16
- 02 Crompton Greaves Consumer Electricals Limited93 comparable portfolios 12
- 03 Power Finance Corporation Limited41 comparable portfolios 10
- 04 Poonawalla Fincorp Limited28 comparable portfolios 10
- 05 CIE Automotive India Limited23 comparable portfolios 10
- 06 ABB India Limited71 comparable portfolios 9
- 07 ITC Limited145 comparable portfolios 9
- 08 Britannia Industries Limited80 comparable portfolios 9
- 09 Housing Development Finance Corp.Lt153 comparable portfolios 7
- 10 IDFC First Bank Limited29 comparable portfolios 7
Most complete exits
↗CompanyExits
- 01 Hindalco Industries Limited106 comparable portfolios 16
- 02 Divi's Laboratories Limited89 comparable portfolios 11
- 03 Wipro Limited72 comparable portfolios 10
- 04 Tata Steel Limited115 comparable portfolios 10
- 05 Axis Bank Limited210 comparable portfolios 10
- 06 Tech Mahindra Limited114 comparable portfolios 10
- 07 Hindustan Unilever Limited161 comparable portfolios 9
- 08 Eicher Motors Limited84 comparable portfolios 8
- 09 Avenue Supermarts Limited73 comparable portfolios 8
- 10 Anupam Rasayan India Limited21 comparable portfolios 8
Most widely held stocks
CompanyAMCs
- 01 ICICI Bank Limited245 portfolios 16
- 02 Infosys Limited220 portfolios 16
- 03 Reliance Industries Limited200 portfolios 16
- 04 Hindustan Unilever Limited160 portfolios 16
- 05 Housing Development Finance Corp.Lt157 portfolios 16
- 06 Tata Consultancy Services Limited155 portfolios 16
- 07 Bajaj Finance Limited143 portfolios 16
- 08 IndusInd Bank Limited121 portfolios 16
- 09 Persistent Systems Limited75 portfolios 16
- 10 HDFC Bank Limited225 portfolios 15
Broader ownership
↗CompanyΔ AMCs
- 01 IDFC First Bank Limited9 AMCs now +3
- 02 CIE Automotive India Limited9 AMCs now +3
- 03 Siemens Limited13 AMCs now +2
- 04 Metropolis Healthcare Limited8 AMCs now +2
- 05 Balrampur Chini Mills Limited12 AMCs now +2
- 06 Delta Corp Limited10 AMCs now +2
- 07 Procter & Gamble Hygiene and Health Care Limited11 AMCs now +2
- 08 GMM Pfaudler Limited8 AMCs now +2
- 09 Vodafone Idea Limited7 AMCs now +2
- 10 CSB Bank Limited6 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Hindalco Industries Limited13 AMCs now -3
- 02 Wipro Limited12 AMCs now -3
- 03 Vedanta Limited9 AMCs now -3
- 04 JSW Steel Limited12 AMCs now -2
- 05 Bharat Petroleum Corporation Limited14 AMCs now -2
- 06 Escorts Kubota Limited8 AMCs now -2
- 07 Aditya Birla Real Estate Limited6 AMCs now -2
- 08 State Bank of India14 AMCs now -2
- 09 CG Power and Industrial Solutions Limited10 AMCs now -2
- 10 Tata Steel Limited14 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 | Apr 2023 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Apr 2023 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Apr 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 →