India mutual fund monitor
August 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 Aug 2023 SIP not published for Aug 2023 NFO Aug 2023 Fund-house assets Apr–Jun 2023 (quarterly) Holdings Aug 2023
AMFI monthly report, Aug 2023. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +11,530 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 +20,245 Cr
- Debt -25,872 Cr
- Hybrid +17,082 Cr
- Index funds & ETFs +4,907 Cr
- Overseas fund of funds -371 Cr
- Solution oriented +191 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +20,245 | +7,626 | +36,509 | +128,047 |
| Debt | -25,872 | +61,440 | +21,432 | +6,585 |
| Hybrid | +17,082 | +12,421 | +34,114 | +26,374 |
| Index funds & ETFs | +4,907 | +1,282 | +8,756 | +106,677 |
| Overseas fund of funds | -371 | -423 | -1,304 | -870 |
| Solution oriented | +191 | +121 | +437 | +1,954 |
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 · Aug 2023
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| ArbitrageHybrid | +9,483 | +10.45% | +22,923 | +13,557 |
| Sectoral / Thematic (combined)Equity | +4,806 | +2.32% | +6,694 | +24,109 |
| Small CapEquity | +4,265 | +2.34% | +13,908 | +33,336 |
| Balanced Advantage / Dynamic Asset AllocationHybrid | +3,616 | +1.71% | +3,821 | +451 |
| Multi CapEquity | +3,422 | +4.02% | +6,657 | +13,896 |
| OvernightDebt | +3,158 | +4.00% | -2,961 | -32,203 |
| Mid CapEquity | +2,512 | +1.09% | +5,884 | +21,119 |
| Floating Interest RatesDebt | +2,325 | +3.83% | +6,173 | -5,218 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -26,824 | -5.66% | -3,431 | +11,292 |
| Ultra Short TermDebt | -4,123 | -4.10% | -3,145 | -6,587 |
| Banking and PSU DebtDebt | -985 | -1.22% | -3,094 | -7,037 |
| Ultra Short to Short TermDebt | -508 | -0.48% | +9,878 | -2,579 |
| Short TermDebt | -493 | -0.50% | -985 | -5,108 |
| FocusedEquity | -471 | -0.42% | -2,556 | -2,950 |
| Fund of Funds investing overseasFof Overseas | -371 | -1.52% | -1,304 | -870 |
| Large CapEquity | -349 | -0.13% | -4,279 | -4,225 |
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 Aug 2023; it is not a August 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
15.42 Cr
+28.20 L on the month · +13.0% 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 · Aug 2023
15new schemes allotted
7,531 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 | 5 | 2,556 Cr | — |
| Dynamic Asset Allocation / Balanced Advantage Fund | 1 | 2,247 Cr | — |
| Multi Cap Fund | 1 | 1,395 Cr | — |
| Flexi Cap Fund | 1 | 1,051 Cr | — |
| Fixed Term Plan | 1 | 188 Cr | — |
| Other ETFs | 3 | 63.00 Cr | — |
| Index Funds | 3 | 31.00 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 · Aug 2023
944companies held
19AMCs reporting
999new positions
1,047complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 HDFC Bank Limited273 comparable portfolios 14
- 02 Coal India Limited97 comparable portfolios 13
- 03 Reliance Industries Limited230 comparable portfolios 13
- 04 Dabur India Limited69 comparable portfolios 12
- 05 Vedanta Limited29 comparable portfolios 11
- 06 Grasim Industries Limited74 comparable portfolios 11
- 07 InterGlobe Aviation Limited103 comparable portfolios 11
- 08 Tata Motors Passenger Vehicles Limited136 comparable portfolios 11
- 09 Bajaj Holdings & Investment Limited23 comparable portfolios 10
- 10 Tata Communications Limited38 comparable portfolios 10
Most AMCs reducing
↗CompanyAMCs
- 01 Ashok Leyland Limited85 comparable portfolios 12
- 02 Larsen & Toubro Limited204 comparable portfolios 11
- 03 State Bank of India238 comparable portfolios 11
- 04 Axis Bank Limited218 comparable portfolios 11
- 05 UltraTech Cement Limited173 comparable portfolios 11
- 06 Astral Limited58 comparable portfolios 10
- 07 Bharat Heavy Electricals Limited57 comparable portfolios 10
- 08 Trent Limited71 comparable portfolios 10
- 09 Tech Mahindra Limited145 comparable portfolios 10
- 10 Mahindra & Mahindra Limited156 comparable portfolios 10
Largest comparable holding increases
↗CompanyShares
- 01 Suzlon Energy Limited+301.8% · 25 portfolios +21.50 Cr
- 02 SBFC Finance Limited+2,012.3% · 24 portfolios +8.83 Cr
- 03 Jio Financial Services Limited+37.8% · 211 portfolios +7.97 Cr
- 04 Union Bank of India+153.2% · 28 portfolios +4.85 Cr
- 05 ETERNAL LIMITED+6.9% · 74 portfolios +2.68 Cr
- 06 HDFC Bank Limited+3.5% · 273 portfolios +2.32 Cr
- 07 National Aluminium Company Limited+42.4% · 28 portfolios +2.30 Cr
- 08 Power Finance Corporation Limited+22.1% · 63 portfolios +2.20 Cr
- 09 Samvardhana Motherson International Limited+4.4% · 75 portfolios +1.64 Cr
- 10 The Federal Bank Limited+4.0% · 102 portfolios +1.53 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-26.5% · 17 portfolios -9.25 Cr
- 02 NHPC Limited-9.7% · 38 portfolios -5.90 Cr
- 03 GMR AIRPORTS LIMITED-38.9% · 17 portfolios -2.43 Cr
- 04 Indian Oil Corporation Limited-12.4% · 55 portfolios -2.43 Cr
- 05 Ashok Leyland Limited-15.1% · 85 portfolios -2.41 Cr
- 06 State Bank of India-3.9% · 238 portfolios -2.20 Cr
- 07 Bharat Heavy Electricals Limited-13.8% · 57 portfolios -2.10 Cr
- 08 Zee Entertainment Enterprises Limited-9.6% · 83 portfolios -1.50 Cr
- 09 Bank of Baroda-6.4% · 99 portfolios -1.26 Cr
- 10 Tata Steel Limited-1.6% · 138 portfolios -1.05 Cr
Most new positions
↗CompanyPositions
- 01 Coforge Limited108 comparable portfolios 37
- 02 REC Limited70 comparable portfolios 21
- 03 SBFC Finance Limited24 comparable portfolios 20
- 04 Sundaram Clayton Limited18 comparable portfolios 18
- 05 Suzlon Energy Limited25 comparable portfolios 15
- 06 Concord Biotech Limited15 comparable portfolios 15
- 07 Dixon Technologies (India) Limited72 comparable portfolios 14
- 08 Union Bank of India28 comparable portfolios 13
- 09 Hero MotoCorp Limited93 comparable portfolios 12
- 10 ETERNAL LIMITED74 comparable portfolios 12
Most complete exits
↗CompanyExits
- 01 Jio Financial Services Limited211 comparable portfolios 55
- 02 Ashok Leyland Limited85 comparable portfolios 18
- 03 Astral Limited58 comparable portfolios 17
- 04 Voltas Limited80 comparable portfolios 13
- 05 Zee Entertainment Enterprises Limited83 comparable portfolios 13
- 06 Cummins India Limited80 comparable portfolios 13
- 07 Bharat Heavy Electricals Limited57 comparable portfolios 12
- 08 Siemens Limited79 comparable portfolios 11
- 09 Escorts Kubota Limited56 comparable portfolios 11
- 10 State Bank of India238 comparable portfolios 11
Most widely held stocks
CompanyAMCs
- 01 ICICI Bank Limited278 portfolios 18
- 02 Reliance Industries Limited240 portfolios 18
- 03 Bajaj Finance Limited149 portfolios 18
- 04 HDFC Bank Limited286 portfolios 17
- 05 Infosys Limited247 portfolios 17
- 06 Tata Consultancy Services Limited169 portfolios 17
- 07 Maruti Suzuki India Limited149 portfolios 17
- 08 HCL Technologies Limited148 portfolios 17
- 09 Tech Mahindra Limited144 portfolios 17
- 10 Tata Motors Passenger Vehicles Limited140 portfolios 17
Broader ownership
↗CompanyΔ AMCs
- 01 SBFC Finance Limited6 AMCs now +5
- 02 Suzlon Energy Limited9 AMCs now +4
- 03 S.J.S. Enterprises Limited6 AMCs now +4
- 04 Union Bank of India11 AMCs now +4
- 05 BSE Limited9 AMCs now +3
- 06 Deepak Nitrite Limited12 AMCs now +3
- 07 Sun TV Network Limited10 AMCs now +3
- 08 Reliance Industries Limited18 AMCs now +2
- 09 Zydus Lifesciences Limited15 AMCs now +2
- 10 ACC Limited15 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Mahanagar Gas Limited5 AMCs now -4
- 02 Piramal Enterprises Limited9 AMCs now -3
- 03 Escorts Kubota Limited11 AMCs now -2
- 04 Sammaan Capital Limited8 AMCs now -2
- 05 Lupin Limited10 AMCs now -2
- 06 Somany Ceramics Limited6 AMCs now -2
- 07 Berger Paints (I) Limited10 AMCs now -2
- 08 Godrej Properties Limited8 AMCs now -2
- 09 GMM Pfaudler Limited6 AMCs now -2
- 10 Vardhman Textiles Limited6 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 | Aug 2023 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Aug 2023 | Monthly | Aug 2026 |
| Fund-house assets & market share | Apr–Jun 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Aug 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 →