India mutual fund monitor
June 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 Jun 2023 SIP not published for Jun 2023 NFO Jun 2023 Fund-house assets Apr–Jun 2023 (quarterly) Holdings Jun 2023
AMFI monthly report, Jun 2023. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +1.21 lakh 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 +8,637 Cr
- Debt -14,136 Cr
- Hybrid +4,611 Cr
- Index funds & ETFs +2,567 Cr
- Overseas fund of funds -510 Cr
- Solution oriented +126 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +8,637 | +3,240 | +18,358 | +115,194 |
| Debt | -14,136 | +45,959 | +138,501 | +25,111 |
| Hybrid | +4,611 | +6,093 | +14,021 | -14,876 |
| Index funds & ETFs | +2,567 | +4,736 | +14,365 | +129,612 |
| Overseas fund of funds | -510 | -248 | -875 | +139 |
| Solution oriented | +126 | +99.79 | +419 | +1,846 |
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 · Jun 2023
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Money MarketDebt | +6,827 | +5.16% | +29,519 | +23,380 |
| Small CapEquity | +5,472 | +3.56% | +10,937 | +27,939 |
| OvernightDebt | +4,628 | +5.65% | -8,175 | -21,101 |
| Other ETFs (single category)Passive | +3,402 | +0.65% | +14,717 | +54,165 |
| ArbitrageHybrid | +3,366 | +4.35% | +13,722 | -20,957 |
| Ultra Short to Short TermDebt | +3,358 | +3.53% | +10,568 | -6,780 |
| Value / Contra (combined)Equity | +2,239 | +2.29% | +3,112 | +8,107 |
| Floating Interest RatesDebt | +1,847 | +3.34% | +3,380 | -16,511 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -28,545 | -6.45% | +79,908 | +28,580 |
| Large CapEquity | -2,050 | -0.82% | -3,359 | -861 |
| Ultra Short TermDebt | -1,887 | -1.92% | +16,361 | +4,772 |
| FocusedEquity | -1,018 | -0.96% | -2,093 | +246 |
| Index Funds (single category)Passive | -906 | -0.52% | -650 | +75,935 |
| Banking and PSU DebtDebt | -799 | -0.98% | -826 | -8,932 |
| Fund of Funds investing overseasFof Overseas | -510 | -2.18% | -875 | +139 |
| ELSS (Tax Saver)Equity | -475 | -0.29% | -918 | +5,132 |
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: Apr–Jun 2023 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Jun 2023; it is not a June 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 | 7.62 lakh Cr | 17.69% | -0.02 pp | 1 |
| ICICI Prudential Mutual Fund | 5.31 lakh Cr | 12.33% | -0.01 pp | 2 |
| HDFC Mutual Fund | 4.86 lakh Cr | 11.27% | +0.17 pp | 3 |
| Nippon India Mutual Fund | 3.14 lakh Cr | 7.28% | +0.04 pp | 4 |
| Kotak Mahindra Mutual Fund | 3.10 lakh Cr | 7.19% | +0.05 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 2.97 lakh Cr | 6.89% | +0.10 pp | 6 |
| Axis Mutual Fund | 2.48 lakh Cr | 5.76% | -0.20 pp | 7 |
| UTI Mutual Fund | 2.48 lakh Cr | 5.76% | -0.14 pp | 8 |
| Mirae Asset Mutual Fund | 1.23 lakh Cr | 2.85% | -0.02 pp | 9was 10 |
| Bandhan Mutual Fund | 1.18 lakh Cr | 2.74% | -0.14 pp | 10was 9 |
Biggest share gainers · quarter
- HDFC Mutual Fund+0.17 pp
- Tata Mutual Fund+0.15 pp
- Aditya Birla Sun Life Mutual Fund+0.10 pp
- quant Mutual Fund+0.08 pp
- PPFAS Mutual Fund+0.08 pp
Biggest share decliners · quarter
- Axis Mutual Fund-0.20 pp
- Bandhan Mutual Fund-0.14 pp
- UTI Mutual Fund-0.14 pp
- DSP Mutual Fund-0.10 pp
- Sundaram Mutual Fund-0.04 pp
Rank changes among the top 30
- Bank of India Mutual Fund31 → 29
- Mirae Asset Mutual Fund10 → 9
- Bandhan Mutual Fund9 → 10
- Tata Mutual Fund13 → 12
- Edelweiss Mutual Fund12 → 13
- Canara Robeco Mutual Fund16 → 15
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
14.91 Cr
+17.56 L on the month · +10.7% 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 · Jun 2023
11new schemes allotted
3,228 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Value Fund/Contra Fund | 1 | 1,457 Cr | — |
| Sectoral/Thematic Funds | 2 | 1,064 Cr | — |
| Flexi Cap Fund | 1 | 220 Cr | — |
| Focused Fund | 1 | 196 Cr | — |
| Multi Asset Allocation Fund | 1 | 112 Cr | — |
| ELSS | 1 | 101 Cr | — |
| Index Funds | 3 | 63.00 Cr | — |
| Other ETFs | 1 | 15.00 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 · Jun 2023
800companies held
18AMCs reporting
1,069new positions
889complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 JINDAL STEEL LIMITED68 comparable portfolios 13
- 02 JSW Steel Limited61 comparable portfolios 12
- 03 Adani Enterprises Limited41 comparable portfolios 11
- 04 Reliance Industries Limited235 comparable portfolios 11
- 05 Tata Consultancy Services Limited156 comparable portfolios 11
- 06 Granules India Limited23 comparable portfolios 10
- 07 Indus Towers Limited32 comparable portfolios 10
- 08 Shriram Finance Limited51 comparable portfolios 10
- 09 Bajaj Auto Limited68 comparable portfolios 10
- 10 Hindustan Petroleum Corporation Limited72 comparable portfolios 10
Most AMCs reducing
↗CompanyAMCs
- 01 UltraTech Cement Limited177 comparable portfolios 14
- 02 Hindustan Aeronautics Limited80 comparable portfolios 12
- 03 Bharti Airtel Limited187 comparable portfolios 12
- 04 Dabur India Limited63 comparable portfolios 11
- 05 Cholamandalam Investment and Finance Company Limited101 comparable portfolios 11
- 06 Britannia Industries Limited84 comparable portfolios 11
- 07 Crompton Greaves Consumer Electricals Limited99 comparable portfolios 11
- 08 Axis Bank Limited221 comparable portfolios 11
- 09 Bharat Electronics Limited112 comparable portfolios 11
- 10 PI Industries Limited90 comparable portfolios 11
Largest comparable holding increases
↗CompanyShares
- 01 Coal India Limited+15.3% · 90 portfolios +4.97 Cr
- 02 ETERNAL LIMITED+16.8% · 50 portfolios +3.31 Cr
- 03 NMDC Limited+26.3% · 34 portfolios +2.90 Cr
- 04 Kalyan Jewellers India Limited+88.6% · 13 portfolios +2.18 Cr
- 05 Vodafone Idea Limited+9.2% · 11 portfolios +2.09 Cr
- 06 Indus Towers Limited+68.9% · 32 portfolios +1.61 Cr
- 07 Motherson Sumi Wiring India Limited+7.8% · 31 portfolios +1.54 Cr
- 08 NTPC Limited+2.0% · 177 portfolios +1.54 Cr
- 09 Tata Steel Limited+2.4% · 122 portfolios +1.46 Cr
- 10 TD Power Systems Limited+58.3% · 31 portfolios +1.25 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Bharat Electronics Limited-4.6% · 112 portfolios -2.98 Cr
- 02 L&T Finance Limited-70.9% · 24 portfolios -2.77 Cr
- 03 The Indian Hotels Company Limited-12.3% · 88 portfolios -1.67 Cr
- 04 Equitas Small Finance Bank Limited-3.8% · 46 portfolios -1.13 Cr
- 05 Max Healthcare Institute Limited-19.5% · 44 portfolios -92.01 L
- 06 Axis Bank Limited-2.7% · 221 portfolios -87.04 L
- 07 NHPC Limited-1.3% · 28 portfolios -84.53 L
- 08 Bank of Baroda-3.9% · 96 portfolios -80.87 L
- 09 Crompton Greaves Consumer Electricals Limited-7.1% · 99 portfolios -80.28 L
- 10 Bandhan Bank Limited-6.8% · 64 portfolios -74.32 L
Most new positions
↗CompanyPositions
- 01 Timken India Limited69 comparable portfolios 31
- 02 Shriram Finance Limited51 comparable portfolios 31
- 03 HDFC Asset Management Company Limited64 comparable portfolios 24
- 04 Coal India Limited90 comparable portfolios 19
- 05 TD Power Systems Limited31 comparable portfolios 16
- 06 Sun Pharmaceutical Industries Limited188 comparable portfolios 13
- 07 Aavas Financiers Limited30 comparable portfolios 13
- 08 Kotak Mahindra Bank Limited147 comparable portfolios 11
- 09 The Ramco Cements Limited43 comparable portfolios 11
- 10 Polycab India Limited74 comparable portfolios 11
Most complete exits
↗CompanyExits
- 01 Power Grid Corporation of India Limited108 comparable portfolios 13
- 02 Larsen & Toubro Limited214 comparable portfolios 12
- 03 Eicher Motors Limited92 comparable portfolios 12
- 04 Axis Bank Limited221 comparable portfolios 12
- 05 Voltas Limited83 comparable portfolios 11
- 06 Kotak Mahindra Bank Limited147 comparable portfolios 11
- 07 Rain Industries Limited13 comparable portfolios 11
- 08 Cipla Limited124 comparable portfolios 10
- 09 Bharti Airtel Limited187 comparable portfolios 10
- 10 UltraTech Cement Limited177 comparable portfolios 10
Most widely held stocks
CompanyAMCs
- 01 Reliance Industries Limited231 portfolios 17
- 02 ITC Limited164 portfolios 17
- 03 Tata Consultancy Services Limited152 portfolios 17
- 04 Bajaj Finance Limited143 portfolios 17
- 05 Dr. Reddy's Laboratories Limited86 portfolios 17
- 06 ICICI Bank Limited261 portfolios 16
- 07 HDFC Bank Limited260 portfolios 16
- 08 Infosys Limited239 portfolios 16
- 09 State Bank of India228 portfolios 16
- 10 Larsen & Toubro Limited203 portfolios 16
Broader ownership
↗CompanyΔ AMCs
- 01 TD Power Systems Limited8 AMCs now +3
- 02 Granules India Limited12 AMCs now +2
- 03 TVS Holdings Limited6 AMCs now +2
- 04 Aavas Financiers Limited9 AMCs now +2
- 05 Dr. Lal Path Labs Ltd.7 AMCs now +2
- 06 Shriram Finance Limited11 AMCs now +2
- 07 KPIT Technologies Limited12 AMCs now +1
- 08 La Opala RG Limited4 AMCs now +1
- 09 Equitas Small Finance Bank Limited10 AMCs now +1
- 10 Chambal Fertilizers & Chemicals Limited8 AMCs now +1
Narrower ownership
↗CompanyΔ AMCs
- 01 Rain Industries Limited2 AMCs now -8
- 02 L&T Finance Limited7 AMCs now -5
- 03 RBL Bank Limited7 AMCs now -4
- 04 VIP Industries Limited9 AMCs now -3
- 05 Atul Limited7 AMCs now -3
- 06 Intellect Design Arena Limited7 AMCs now -3
- 07 Multi Commodity Exchange of India Limited12 AMCs now -3
- 08 Indiamart Intermesh Limited6 AMCs now -3
- 09 Laurus Labs Limited9 AMCs now -3
- 10 Astral Limited10 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 | Jun 2023 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Jun 2023 | Monthly | Aug 2026 |
| Fund-house assets & market share | Apr–Jun 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Jun 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 →