India mutual fund monitor
January 2024
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 Jan 2024 SIP not published for Jan 2024 NFO Jan 2024 Fund-house assets Oct–Dec 2023 (quarterly) Holdings Jan 2024
AMFI monthly report, Jan 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +72,895 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 +21,781 Cr
- Debt +76,469 Cr
- Hybrid +20,637 Cr
- Index funds & ETFs +4,217 Cr
- Overseas fund of funds -234 Cr
- Solution oriented +248 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +21,781 | +16,997 | +54,314 | +170,812 |
| Debt | +76,469 | -75,560 | -3,798 | +40,693 |
| Hybrid | +20,637 | +15,009 | +49,184 | +109,353 |
| Index funds & ETFs | +4,217 | +992 | +7,729 | +74,151 |
| Overseas fund of funds | -234 | -419 | -939 | -2,719 |
| Solution oriented | +248 | +220 | +653 | +2,288 |
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 · Jan 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +49,468 | +13.07% | +9,148 | +4,729 |
| Money MarketDebt | +10,651 | +7.41% | +3,133 | +26,478 |
| ArbitrageHybrid | +10,608 | +7.90% | +30,658 | +67,543 |
| OvernightDebt | +8,995 | +11.99% | +3,646 | -22,029 |
| Multi Asset AllocationHybrid | +7,080 | +13.39% | +12,089 | +27,313 |
| Sectoral / Thematic (combined)Equity | +4,805 | +1.86% | +12,775 | +34,742 |
| Small CapEquity | +3,257 | +1.39% | +10,814 | +42,037 |
| Multi CapEquity | +3,039 | +2.73% | +6,604 | +21,411 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Banking and PSU DebtDebt | -501 | -0.63% | -857 | +883 |
| Credit RiskDebt | -303 | -1.28% | -924 | -3,297 |
| Fund of Funds investing overseasFof Overseas | -234 | -0.97% | -939 | -2,719 |
| Short TermDebt | -223 | -0.22% | -41.07 | +4,624 |
| Medium TermDebt | -211 | -0.80% | -928 | -1,664 |
| FocusedEquity | -202 | -0.16% | -550 | -3,103 |
| Dynamic TermDebt | -62.73 | -0.20% | -333 | +6,023 |
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 2023 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Jan 2024; it is not a January 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 | 8.51 lakh Cr | 17.28% | -0.32 pp | 1 |
| ICICI Prudential Mutual Fund | 6.15 lakh Cr | 12.48% | +0.11 pp | 2 |
| HDFC Mutual Fund | 5.52 lakh Cr | 11.20% | +0.04 pp | 3 |
| Nippon India Mutual Fund | 3.78 lakh Cr | 7.67% | +0.21 pp | 4 |
| Kotak Mahindra Mutual Fund | 3.51 lakh Cr | 7.13% | +0.03 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.12 lakh Cr | 6.33% | -0.29 pp | 6 |
| UTI Mutual Fund | 2.73 lakh Cr | 5.54% | -0.13 pp | 7 |
| Axis Mutual Fund | 2.62 lakh Cr | 5.33% | -0.20 pp | 8 |
| Mirae Asset Mutual Fund | 1.47 lakh Cr | 2.99% | +0.03 pp | 9 |
| DSP Mutual Fund | 1.36 lakh Cr | 2.76% | -0.01 pp | 10 |
Biggest share gainers · quarter
- Nippon India Mutual Fund+0.21 pp
- quant Mutual Fund+0.15 pp
- ICICI Prudential Mutual Fund+0.11 pp
- PPFAS Mutual Fund+0.11 pp
- Invesco Mutual Fund+0.07 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.32 pp
- Aditya Birla Sun Life Mutual Fund-0.29 pp
- Axis Mutual Fund-0.20 pp
- UTI Mutual Fund-0.13 pp
- Bandhan Mutual Fund-0.05 pp
Rank changes among the top 30
- WhiteOak Capital Mutual Fund31 → 28
- Bajaj Finserv Mutual Fund32 → 29
- Bank of India Mutual Fund28 → 30
- PPFAS Mutual Fund19 → 18
- Sundaram Mutual Fund18 → 19
- quant Mutual Fund21 → 20
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
10.27 lakh Cr19.0% of industry assets
Contributing SIP accounts
—Not published for this period
Folios
16.96 Cr
+46.69 L on the month · +18.7% 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 · Jan 2024
20new schemes allotted
6,817 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Multi Asset Allocation Fund | 3 | 4,247 Cr | — |
| Index Funds | 2 | 976 Cr | — |
| Multi Cap Fund | 1 | 683 Cr | — |
| Fixed Term Plan | 3 | 384 Cr | — |
| Other ETFs | 8 | 237 Cr | — |
| Sectoral/Thematic Funds | 1 | 174 Cr | — |
| Focused Fund | 1 | 110 Cr | — |
| GOLD ETFs | 1 | 6.00 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 · Jan 2024
869companies held
23AMCs reporting
1,080new positions
903complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Asian Paints Limited99 comparable portfolios 14
- 02 Larsen & Toubro Limited198 comparable portfolios 14
- 03 State Bank of India227 comparable portfolios 14
- 04 Kotak Mahindra Bank Limited161 comparable portfolios 13
- 05 Tata Consultancy Services Limited169 comparable portfolios 13
- 06 Reliance Industries Limited212 comparable portfolios 13
- 07 HDFC Bank Limited263 comparable portfolios 13
- 08 Tata Communications Limited26 comparable portfolios 12
- 09 Pidilite Industries Limited54 comparable portfolios 12
- 10 Indian Railway Catering And Tourism Corporation Limited51 comparable portfolios 12
Most AMCs reducing
↗CompanyAMCs
- 01 Infosys Limited232 comparable portfolios 14
- 02 ICICI Bank Limited266 comparable portfolios 12
- 03 Titan Company Limited129 comparable portfolios 11
- 04 Tata Motors Passenger Vehicles Limited163 comparable portfolios 11
- 05 Siemens Limited69 comparable portfolios 10
- 06 Punjab National Bank51 comparable portfolios 10
- 07 ABB India Limited81 comparable portfolios 10
- 08 Power Grid Corporation of India Limited113 comparable portfolios 10
- 09 Adani Ports and Special Economic Zone Limited72 comparable portfolios 10
- 10 TVS Motor Company Limited102 comparable portfolios 10
Largest comparable holding increases
↗CompanyShares
- 01 Bank of India+24.6% · 50 portfolios +3.67 Cr
- 02 GMR AIRPORTS LIMITED+35.0% · 26 portfolios +2.93 Cr
- 03 HDFC Bank Limited+3.6% · 263 portfolios +2.75 Cr
- 04 Vedanta Limited+66.4% · 38 portfolios +2.15 Cr
- 05 State Bank of India+3.5% · 227 portfolios +1.92 Cr
- 06 Jubilant Foodworks Limited+20.2% · 71 portfolios +1.39 Cr
- 07 FSN E-Commerce Ventures Limited+9.4% · 58 portfolios +1.35 Cr
- 08 Bank of Baroda+8.2% · 100 portfolios +1.34 Cr
- 09 National Aluminium Company Limited+11.8% · 31 portfolios +1.06 Cr
- 10 Oil & Natural Gas Corporation Limited+2.1% · 95 portfolios +1.02 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-18.4% · 24 portfolios -19.29 Cr
- 02 Zee Entertainment Enterprises Limited-23.1% · 76 portfolios -3.29 Cr
- 03 Punjab National Bank-11.8% · 51 portfolios -3.00 Cr
- 04 NHPC Limited-6.9% · 36 portfolios -2.17 Cr
- 05 ICICI Bank Limited-2.2% · 266 portfolios -1.97 Cr
- 06 IDFC First Bank Limited-11.4% · 51 portfolios -1.85 Cr
- 07 Power Grid Corporation of India Limited-2.5% · 113 portfolios -1.83 Cr
- 08 GAIL (India) Limited-5.6% · 84 portfolios -1.72 Cr
- 09 Engineers India Limited-34.5% · 13 portfolios -1.47 Cr
- 10 Bharat Electronics Limited-2.3% · 128 portfolios -1.31 Cr
Most new positions
↗CompanyPositions
- 01 Grasim Industries Limited98 comparable portfolios 14
- 02 AU Small Finance Bank Limited61 comparable portfolios 14
- 03 Hero MotoCorp Limited125 comparable portfolios 13
- 04 Voltas Limited74 comparable portfolios 13
- 05 Bharat Heavy Electricals Limited73 comparable portfolios 13
- 06 Lupin Limited78 comparable portfolios 13
- 07 Tata Communications Limited26 comparable portfolios 12
- 08 TATA CONSUMER PRODUCTS LIMITED101 comparable portfolios 12
- 09 Oil & Natural Gas Corporation Limited95 comparable portfolios 12
- 10 Godrej Properties Limited32 comparable portfolios 12
Most complete exits
↗CompanyExits
- 01 Polycab India Limited84 comparable portfolios 23
- 02 Zee Entertainment Enterprises Limited76 comparable portfolios 17
- 03 Maruti Suzuki India Limited167 comparable portfolios 16
- 04 LTM Limited141 comparable portfolios 15
- 05 Escorts Kubota Limited53 comparable portfolios 10
- 06 Hindustan Petroleum Corporation Limited55 comparable portfolios 9
- 07 Metropolis Healthcare Limited35 comparable portfolios 9
- 08 Syngene International Limited46 comparable portfolios 9
- 09 Ashok Leyland Limited66 comparable portfolios 8
- 10 Kajaria Ceramics Limited58 comparable portfolios 8
Most widely held stocks
CompanyAMCs
- 01 HDFC Bank Limited286 portfolios 21
- 02 Axis Bank Limited235 portfolios 21
- 03 Bharat Electronics Limited145 portfolios 21
- 04 ICICI Bank Limited288 portfolios 20
- 05 Infosys Limited256 portfolios 20
- 06 State Bank of India245 portfolios 20
- 07 Larsen & Toubro Limited220 portfolios 20
- 08 Tata Consultancy Services Limited179 portfolios 20
- 09 IndusInd Bank Limited165 portfolios 20
- 10 Hindalco Industries Limited162 portfolios 20
Broader ownership
↗CompanyΔ AMCs
- 01 Tata Communications Limited12 AMCs now +4
- 02 Hindalco Industries Limited20 AMCs now +3
- 03 Escorts Kubota Limited16 AMCs now +3
- 04 Oil & Natural Gas Corporation Limited19 AMCs now +3
- 05 InterGlobe Aviation Limited18 AMCs now +3
- 06 NCC Limited11 AMCs now +3
- 07 Infosys Limited20 AMCs now +2
- 08 Dalmia Bharat Limited16 AMCs now +2
- 09 Asian Paints Limited19 AMCs now +2
- 10 HDFC Bank Limited21 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Berger Paints (I) Limited9 AMCs now -4
- 02 DLF Limited13 AMCs now -3
- 03 NLC India Limited4 AMCs now -3
- 04 Suzlon Energy Limited8 AMCs now -2
- 05 IDFC LIMITED10 AMCs now -2
- 06 Tata Chemicals Limited8 AMCs now -2
- 07 Hindustan Petroleum Corporation Limited15 AMCs now -2
- 08 Gujarat Fluorochemicals Limited6 AMCs now -2
- 09 Go Fashion (India) Limited6 AMCs now -2
- 10 HDFC Asset Management Company Limited13 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 | Jan 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Jan 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Jan 2024 | 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 →