India mutual fund monitor
February 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 Feb 2024 SIP not published for Feb 2024 NFO Feb 2024 Fund-house assets Oct–Dec 2023 (quarterly) Holdings Feb 2024
AMFI monthly report, Feb 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +61,863 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 +26,866 Cr
- Debt +63,809 Cr
- Hybrid +18,105 Cr
- Index funds & ETFs +9,995 Cr
- Overseas fund of funds -239 Cr
- Solution oriented +183 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +26,866 | +21,781 | +65,643 | +181,992 |
| Debt | +63,809 | +76,469 | +64,718 | +118,317 |
| Hybrid | +18,105 | +20,637 | +53,751 | +126,998 |
| Index funds & ETFs | +9,995 | +4,217 | +15,204 | +77,708 |
| Overseas fund of funds | -239 | -234 | -892 | -3,008 |
| Solution oriented | +183 | +248 | +651 | +2,301 |
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 · Feb 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +83,642 | +19.41% | +93,435 | +99,676 |
| ArbitrageHybrid | +11,508 | +7.99% | +32,762 | +78,986 |
| Sectoral / Thematic (combined)Equity | +11,263 | +4.15% | +22,073 | +42,149 |
| Other ETFs (single category)Passive | +6,462 | +1.03% | +7,233 | +32,004 |
| Multi Asset AllocationHybrid | +4,043 | +6.70% | +13,543 | +30,845 |
| Large & Mid CapEquity | +3,157 | +1.63% | +7,826 | +20,819 |
| Corporate BondDebt | +3,029 | +2.12% | +4,518 | +21,676 |
| Small CapEquity | +2,922 | +1.18% | +10,037 | +42,713 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | -17,376 | -20.54% | -13,245 | -42,350 |
| Ultra Short to Short TermDebt | -4,100 | -4.13% | -11,416 | -3,580 |
| Floating Interest RatesDebt | -3,610 | -6.39% | -8,560 | -8,212 |
| FocusedEquity | -533 | -0.42% | -1,226 | -3,876 |
| Banking and PSU DebtDebt | -480 | -0.60% | -1,642 | +663 |
| Medium TermDebt | -388 | -1.47% | -1,035 | -1,758 |
| Credit RiskDebt | -366 | -1.56% | -1,036 | -2,990 |
| Ultra Short TermDebt | -362 | -0.39% | -3,456 | -3,308 |
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 Feb 2024; it is not a February 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
10.53 lakh Cr19.3% of industry assets
Contributing SIP accounts
—Not published for this period
Folios
17.42 Cr
+46.36 L on the month · +20.8% 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 · Feb 2024
22new schemes allotted
11,720 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 | 7,178 Cr | — |
| Multi Asset Allocation Fund | 1 | 1,334 Cr | — |
| Large & Mid Cap Fund | 2 | 925 Cr | — |
| Index Funds | 6 | 696 Cr | — |
| Large Cap Fund | 1 | 589 Cr | — |
| Other ETFs | 3 | 547 Cr | — |
| Fixed Term Plan | 2 | 251 Cr | — |
| Dynamic Asset Allocation/ Balanced Advantage Fund | 1 | 165 Cr | — |
| GOLD ETF | 1 | 35.00 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 · Feb 2024
981companies held
24AMCs reporting
1,193new positions
988complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 HDFC Bank Limited287 comparable portfolios 19
- 02 Reliance Industries Limited254 comparable portfolios 18
- 03 Power Grid Corporation of India Limited132 comparable portfolios 15
- 04 Oil & Natural Gas Corporation Limited129 comparable portfolios 15
- 05 Larsen & Toubro Limited227 comparable portfolios 15
- 06 Vedanta Limited45 comparable portfolios 14
- 07 IndusInd Bank Limited177 comparable portfolios 14
- 08 Britannia Industries Limited94 comparable portfolios 14
- 09 Bharti Airtel Limited209 comparable portfolios 14
- 10 Kotak Mahindra Bank Limited173 comparable portfolios 13
Most AMCs reducing
↗CompanyAMCs
- 01 Canara Bank85 comparable portfolios 13
- 02 Mahindra & Mahindra Limited153 comparable portfolios 12
- 03 Tata Motors Passenger Vehicles Limited176 comparable portfolios 12
- 04 Asian Paints Limited102 comparable portfolios 11
- 05 Dr. Reddy's Laboratories Limited105 comparable portfolios 11
- 06 Axis Bank Limited236 comparable portfolios 11
- 07 The Indian Hotels Company Limited80 comparable portfolios 10
- 08 InterGlobe Aviation Limited96 comparable portfolios 10
- 09 Trent Limited89 comparable portfolios 10
- 10 LTM Limited136 comparable portfolios 10
Largest comparable holding increases
↗CompanyShares
- 01 Indian Oil Corporation Limited+36.8% · 70 portfolios +5.04 Cr
- 02 ETERNAL LIMITED+8.3% · 119 portfolios +3.39 Cr
- 03 GMR AIRPORTS LIMITED+26.8% · 35 portfolios +3.03 Cr
- 04 Oil & Natural Gas Corporation Limited+6.0% · 129 portfolios +3.01 Cr
- 05 Indus Towers Limited+33.5% · 60 portfolios +2.70 Cr
- 06 HDFC Bank Limited+3.1% · 287 portfolios +2.51 Cr
- 07 Devyani International Limited+41.7% · 34 portfolios +2.47 Cr
- 08 Union Bank of India+20.1% · 55 portfolios +2.05 Cr
- 09 Whirlpool of India Limited+251.1% · 59 portfolios +2.04 Cr
- 10 Apeejay Surrendra Park Hotels Limited— · 15 portfolios +2.00 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-31.3% · 25 portfolios -26.85 Cr
- 02 Punjab National Bank-21.6% · 54 portfolios -7.18 Cr
- 03 NHPC Limited-17.8% · 46 portfolios -6.71 Cr
- 04 SJVN Limited-57.3% · 13 portfolios -6.18 Cr
- 05 Ashok Leyland Limited-32.9% · 67 portfolios -4.56 Cr
- 06 NMDC Limited-21.1% · 60 portfolios -3.57 Cr
- 07 IDFC First Bank Limited-19.0% · 47 portfolios -2.72 Cr
- 08 Bandhan Bank Limited-27.0% · 44 portfolios -2.27 Cr
- 09 Indian Renewable Energy Development Agency Limited-56.2% · 17 portfolios -2.25 Cr
- 10 Bharat Heavy Electricals Limited-8.5% · 79 portfolios -1.41 Cr
Most new positions
↗CompanyPositions
- 01 Oil & Natural Gas Corporation Limited129 comparable portfolios 26
- 02 SWAN CORP LIMITED40 comparable portfolios 26
- 03 Bharat Petroleum Corporation Limited108 comparable portfolios 21
- 04 Tata Steel Limited156 comparable portfolios 20
- 05 Oil India Limited49 comparable portfolios 20
- 06 Union Bank of India55 comparable portfolios 20
- 07 Whirlpool of India Limited59 comparable portfolios 18
- 08 Power Grid Corporation of India Limited132 comparable portfolios 18
- 09 Cummins India Limited80 comparable portfolios 17
- 10 Life Insurance Corporation Of India63 comparable portfolios 16
Most complete exits
↗CompanyExits
- 01 Ashok Leyland Limited67 comparable portfolios 25
- 02 Hindalco Industries Limited167 comparable portfolios 21
- 03 Dr. Reddy's Laboratories Limited105 comparable portfolios 18
- 04 LTM Limited136 comparable portfolios 17
- 05 Sun Pharmaceutical Industries Limited196 comparable portfolios 15
- 06 Zee Entertainment Enterprises Limited60 comparable portfolios 14
- 07 Biocon Limited60 comparable portfolios 14
- 08 The Indian Hotels Company Limited80 comparable portfolios 11
- 09 Steel Authority of India Limited61 comparable portfolios 11
- 10 Punjab National Bank54 comparable portfolios 11
Most widely held stocks
CompanyAMCs
- 01 Larsen & Toubro Limited242 portfolios 23
- 02 Bharat Electronics Limited160 portfolios 23
- 03 State Bank of India260 portfolios 22
- 04 ICICI Bank Limited303 portfolios 21
- 05 HDFC Bank Limited296 portfolios 21
- 06 Infosys Limited278 portfolios 21
- 07 Axis Bank Limited240 portfolios 21
- 08 Tata Consultancy Services Limited198 portfolios 21
- 09 Tata Steel Limited160 portfolios 21
- 10 Hindalco Industries Limited153 portfolios 21
Broader ownership
↗CompanyΔ AMCs
- 01 Oil India Limited14 AMCs now +5
- 02 Indraprastha Gas Limited17 AMCs now +4
- 03 Vedanta Limited16 AMCs now +4
- 04 AU Small Finance Bank Limited16 AMCs now +4
- 05 Larsen & Toubro Limited23 AMCs now +3
- 06 Max Healthcare Institute Limited15 AMCs now +3
- 07 Fortis Healthcare Limited12 AMCs now +3
- 08 Tata Steel Limited21 AMCs now +3
- 09 Indus Towers Limited18 AMCs now +3
- 10 Tata Communications Limited15 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 Delta Corp Limited4 AMCs now -4
- 02 Punjab National Bank13 AMCs now -3
- 03 SJVN Limited4 AMCs now -2
- 04 The Indian Hotels Company Limited17 AMCs now -2
- 05 Sundaram Clayton Limited3 AMCs now -2
- 06 Indian Renewable Energy Development Agency Limited6 AMCs now -2
- 07 Sun Pharmaceutical Industries Limited17 AMCs now -1
- 08 Honasa Consumer Limited3 AMCs now -1
- 09 Ashok Leyland Limited15 AMCs now -1
- 10 Jupiter Life Line Hospitals Limited5 AMCs now -1
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 | Feb 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Feb 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2023 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Feb 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 →