India mutual fund monitor
October 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 Oct 2023 SIP not published for Oct 2023 NFO Oct 2023 Fund-house assets Jul–Sep 2023 (quarterly) Holdings Oct 2023
AMFI monthly report, Oct 2023. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -66,596 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 +19,957 Cr
- Debt +42,634 Cr
- Hybrid +9,907 Cr
- Index funds & ETFs +7,699 Cr
- Overseas fund of funds +46.80 Cr
- Solution oriented +343 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +19,957 | +14,091 | +54,294 | +138,606 |
| Debt | +42,634 | -101,512 | -84,751 | +15,897 |
| Hybrid | +9,907 | +18,650 | +45,639 | +60,439 |
| Index funds & ETFs | +7,699 | +5,100 | +17,705 | +95,953 |
| Overseas fund of funds | +46.80 | -380 | -705 | -1,564 |
| Solution oriented | +343 | +168 | +701 | +2,079 |
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 · Oct 2023
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +32,964 | +8.71% | -68,036 | +10,964 |
| Money MarketDebt | +6,248 | +4.39% | -2,818 | +33,831 |
| ArbitrageHybrid | +5,523 | +5.05% | +25,181 | +35,748 |
| Other ETFs (single category)Passive | +4,769 | +0.85% | +9,904 | +33,012 |
| Small CapEquity | +4,495 | +2.26% | +11,438 | +37,102 |
| Sectoral / Thematic (combined)Equity | +3,896 | +1.77% | +11,848 | +24,047 |
| Multi CapEquity | +2,911 | +3.10% | +8,567 | +17,427 |
| Multi Asset AllocationHybrid | +2,410 | +5.74% | +10,352 | +19,202 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | -3,445 | -4.20% | -1,561 | -62,545 |
| Ultra Short to Short TermDebt | -1,142 | -1.07% | -2,612 | +5,638 |
| Medium TermDebt | -393 | -1.45% | -1,013 | -3,077 |
| Banking and PSU DebtDebt | -319 | -0.40% | -2,361 | -2,651 |
| Credit RiskDebt | -142 | -0.59% | -727 | -3,303 |
| Conservative HybridHybrid | -1.73 | -0.01% | +348 | +786 |
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: Jul–Sep 2023 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Oct 2023; it is not a October 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 | 8.27 lakh Cr | 17.60% | -0.09 pp | 1 |
| ICICI Prudential Mutual Fund | 5.82 lakh Cr | 12.38% | +0.05 pp | 2 |
| HDFC Mutual Fund | 5.25 lakh Cr | 11.17% | -0.11 pp | 3 |
| Nippon India Mutual Fund | 3.51 lakh Cr | 7.46% | +0.18 pp | 4 |
| Kotak Mahindra Mutual Fund | 3.34 lakh Cr | 7.10% | -0.09 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.11 lakh Cr | 6.62% | -0.27 pp | 6 |
| UTI Mutual Fund | 2.67 lakh Cr | 5.68% | -0.08 pp | 7was 8 |
| Axis Mutual Fund | 2.60 lakh Cr | 5.53% | -0.23 pp | 8was 7 |
| Mirae Asset Mutual Fund | 1.39 lakh Cr | 2.96% | +0.11 pp | 9 |
| DSP Mutual Fund | 1.30 lakh Cr | 2.77% | +0.04 pp | 10was 11 |
Biggest share gainers · quarter
- Nippon India Mutual Fund+0.18 pp
- Tata Mutual Fund+0.14 pp
- quant Mutual Fund+0.13 pp
- Mirae Asset Mutual Fund+0.11 pp
- LIC Mutual Fund+0.09 pp
Biggest share decliners · quarter
- Aditya Birla Sun Life Mutual Fund-0.27 pp
- Axis Mutual Fund-0.23 pp
- HDFC Mutual Fund-0.11 pp
- SBI Mutual Fund-0.09 pp
- Bandhan Mutual Fund-0.09 pp
Rank changes among the top 30
- Bandhan Mutual Fund10 → 12
- NJ Mutual Fund28 → 30
- UTI Mutual Fund8 → 7
- Axis Mutual Fund7 → 8
- DSP Mutual Fund11 → 10
- Tata Mutual Fund12 → 11
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
15.96 Cr
+25.51 L on the month · +14.8% 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 · Oct 2023
14new schemes allotted
3,638 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Small Cap Fund | 1 | 1,103 Cr | — |
| Multi Cap Fund | 1 | 975 Cr | — |
| Sectoral/Thematic Funds | 2 | 918 Cr | — |
| Fund of funds investing overseas | 2 | 195 Cr | — |
| Other ETFs | 3 | 151 Cr | — |
| Retirement Fund | 1 | 133 Cr | — |
| Index Funds | 2 | 71.00 Cr | — |
| Balanced Hybrid Fund/Aggressive Hybrid Fund | 1 | 66.00 Cr | — |
| Overnight Fund | 1 | 26.00 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 · Oct 2023
951companies held
21AMCs reporting
753new positions
733complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Tech Mahindra Limited144 comparable portfolios 13
- 02 ETERNAL LIMITED88 comparable portfolios 12
- 03 Tata Motors Passenger Vehicles Limited136 comparable portfolios 11
- 04 Shriram Finance Limited67 comparable portfolios 11
- 05 Mahanagar Gas Limited26 comparable portfolios 10
- 06 Hero MotoCorp Limited91 comparable portfolios 10
- 07 Indian Railway Catering And Tourism Corporation Limited34 comparable portfolios 10
- 08 Divi's Laboratories Limited73 comparable portfolios 10
- 09 City Union Bank Limited34 comparable portfolios 10
- 10 Sun Pharmaceutical Industries Limited170 comparable portfolios 10
Most AMCs reducing
↗CompanyAMCs
- 01 ICICI Bank Limited244 comparable portfolios 10
- 02 NMDC Limited42 comparable portfolios 9
- 03 The Federal Bank Limited95 comparable portfolios 9
- 04 Coromandel International Limited62 comparable portfolios 9
- 05 MphasiS Limited59 comparable portfolios 9
- 06 Canara Bank71 comparable portfolios 9
- 07 Tata Steel Limited124 comparable portfolios 9
- 08 State Bank of India205 comparable portfolios 9
- 09 Hindustan Unilever Limited148 comparable portfolios 9
- 10 IndusInd Bank Limited146 comparable portfolios 9
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+57.9% · 18 portfolios +22.67 Cr
- 02 ETERNAL LIMITED+5.2% · 88 portfolios +2.25 Cr
- 03 IDFC First Bank Limited+9.3% · 49 portfolios +1.18 Cr
- 04 Samvardhana Motherson International Limited+3.2% · 81 portfolios +1.09 Cr
- 05 Jio Financial Services Limited+8.5% · 70 portfolios +99.33 L
- 06 Bharat Electronics Limited+1.4% · 122 portfolios +83.99 L
- 07 GAIL (India) Limited+5.0% · 68 portfolios +75.49 L
- 08 NTPC Limited+1.3% · 162 portfolios +74.40 L
- 09 Coal India Limited+1.8% · 94 portfolios +56.56 L
- 10 ICICI Bank Limited+1.4% · 244 portfolios +56.36 L
Largest comparable holding decreases
↗CompanyShares
- 01 Suzlon Energy Limited-18.1% · 26 portfolios -4.99 Cr
- 02 Punjab National Bank-20.9% · 46 portfolios -3.04 Cr
- 03 Bandhan Bank Limited-28.7% · 54 portfolios -2.31 Cr
- 04 Bank of Baroda-14.6% · 97 portfolios -2.00 Cr
- 05 Steel Authority of India Limited-20.2% · 35 portfolios -1.70 Cr
- 06 The Federal Bank Limited-4.8% · 95 portfolios -1.61 Cr
- 07 Tata Steel Limited-5.7% · 124 portfolios -1.57 Cr
- 08 NMDC Limited-12.1% · 42 portfolios -1.54 Cr
- 09 NMDC Steel Limited-17.1% · 15 portfolios -1.22 Cr
- 10 IDFC LIMITED-14.3% · 34 portfolios -1.16 Cr
Most new positions
↗CompanyPositions
- 01 Bajaj Auto Limited96 comparable portfolios 20
- 02 Hero MotoCorp Limited91 comparable portfolios 12
- 03 JSW Infrastructure Limited37 comparable portfolios 12
- 04 Dixon Technologies (India) Limited73 comparable portfolios 12
- 05 BSE Limited31 comparable portfolios 11
- 06 Bharti Airtel Limited156 comparable portfolios 11
- 07 Shriram Finance Limited67 comparable portfolios 11
- 08 ETERNAL LIMITED88 comparable portfolios 11
- 09 One 97 Communications Limited40 comparable portfolios 11
- 10 Mahanagar Gas Limited26 comparable portfolios 10
Most complete exits
↗CompanyExits
- 01 Navin Fluorine International Limited68 comparable portfolios 14
- 02 Tata Steel Limited124 comparable portfolios 13
- 03 Voltas Limited65 comparable portfolios 11
- 04 Jio Financial Services Limited70 comparable portfolios 11
- 05 JSW Infrastructure Limited37 comparable portfolios 11
- 06 Tube Investments of India Limited50 comparable portfolios 11
- 07 Syngene International Limited48 comparable portfolios 10
- 08 Coforge Limited108 comparable portfolios 10
- 09 Hindustan Unilever Limited148 comparable portfolios 9
- 10 Escorts Kubota Limited55 comparable portfolios 9
Most widely held stocks
CompanyAMCs
- 01 Maruti Suzuki India Limited193 portfolios 21
- 02 Reliance Industries Limited262 portfolios 20
- 03 Tata Consultancy Services Limited195 portfolios 20
- 04 Bajaj Finance Limited168 portfolios 20
- 05 Grasim Industries Limited93 portfolios 20
- 06 ICICI Bank Limited307 portfolios 19
- 07 HDFC Bank Limited304 portfolios 19
- 08 Infosys Limited262 portfolios 19
- 09 State Bank of India251 portfolios 19
- 10 Axis Bank Limited225 portfolios 19
Broader ownership
↗CompanyΔ AMCs
- 01 Mahanagar Gas Limited12 AMCs now +6
- 02 Grasim Industries Limited20 AMCs now +6
- 03 Escorts Kubota Limited15 AMCs now +5
- 04 Angel One Limited12 AMCs now +5
- 05 Dixon Technologies (India) Limited18 AMCs now +5
- 06 Reliance Industries Limited20 AMCs now +4
- 07 Craftsman Automation Limited12 AMCs now +4
- 08 Larsen & Toubro Limited18 AMCs now +4
- 09 Indian Energy Exchange Limited15 AMCs now +4
- 10 Bharat Petroleum Corporation Limited18 AMCs now +4
Narrower ownership
↗CompanyΔ AMCs
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 | Oct 2023 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Oct 2023 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jul–Sep 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Oct 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 →