India mutual fund monitor
March 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 Mar 2024 SIP not published for Mar 2024 NFO Mar 2024 Fund-house assets Jan–Mar 2024 (quarterly) Holdings Mar 2024
AMFI monthly report, Mar 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +45,368 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 +22,633 Cr
- Debt -1.98 lakh Cr
- Hybrid +5,584 Cr
- Index funds & ETFs +12,756 Cr
- Overseas fund of funds +37.22 Cr
- Solution oriented +207 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +22,633 | +26,866 | +71,279 | +184,091 |
| Debt | -198,299 | +63,809 | -58,021 | -23,097 |
| Hybrid | +5,584 | +18,105 | +44,326 | +144,954 |
| Index funds & ETFs | +12,756 | +9,995 | +26,967 | +63,832 |
| Overseas fund of funds | +37.22 | -239 | -436 | -3,143 |
| Solution oriented | +207 | +183 | +638 | +2,284 |
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 · Mar 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Other ETFs (single category)Passive | +10,560 | +1.64% | +17,593 | +42,894 |
| Sectoral / Thematic (combined)Equity | +7,918 | +2.75% | +23,985 | +46,138 |
| Large & Mid CapEquity | +3,216 | +1.60% | +8,702 | +22,416 |
| Flexi CapEquity | +2,738 | +0.80% | +7,798 | +15,502 |
| Multi Asset AllocationHybrid | +2,681 | +4.14% | +13,804 | +33,054 |
| Large CapEquity | +2,128 | +0.70% | +4,336 | -613 |
| Multi CapEquity | +1,827 | +1.49% | +7,280 | +22,958 |
| Index Funds (single category)Passive | +1,822 | +0.87% | +7,347 | +15,690 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -157,970 | -30.53% | -24,860 | -1,370 |
| Ultra Short TermDebt | -9,135 | -9.92% | -6,561 | -2,162 |
| Money MarketDebt | -8,720 | -5.57% | +2,068 | +29,859 |
| OvernightDebt | -6,992 | -10.32% | -15,373 | -41,205 |
| Short TermDebt | -6,450 | -6.15% | -4,327 | +427 |
| Ultra Short to Short TermDebt | -6,157 | -6.43% | -8,141 | -3,557 |
| Floating Interest RatesDebt | -2,173 | -4.08% | -4,562 | -6,685 |
| GiltDebt | -538 | -1.95% | +414 | +3,729 |
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: Jan–Mar 2024 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Mar 2024; it is not a March 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 | 9.14 lakh Cr | 16.89% | -0.39 pp | 1 |
| ICICI Prudential Mutual Fund | 6.83 lakh Cr | 12.62% | +0.13 pp | 2 |
| HDFC Mutual Fund | 6.13 lakh Cr | 11.32% | +0.12 pp | 3 |
| Nippon India Mutual Fund | 4.31 lakh Cr | 7.97% | +0.30 pp | 4 |
| Kotak Mahindra Mutual Fund | 3.81 lakh Cr | 7.04% | -0.09 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.32 lakh Cr | 6.13% | -0.20 pp | 6 |
| UTI Mutual Fund | 2.91 lakh Cr | 5.37% | -0.17 pp | 7 |
| Axis Mutual Fund | 2.74 lakh Cr | 5.07% | -0.26 pp | 8 |
| Mirae Asset Mutual Fund | 1.62 lakh Cr | 2.99% | -0.00 pp | 9 |
| DSP Mutual Fund | 1.48 lakh Cr | 2.73% | -0.03 pp | 10 |
Biggest share gainers · quarter
- Nippon India Mutual Fund+0.30 pp
- quant Mutual Fund+0.26 pp
- ICICI Prudential Mutual Fund+0.13 pp
- HDFC Mutual Fund+0.12 pp
- PPFAS Mutual Fund+0.11 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.39 pp
- Axis Mutual Fund-0.26 pp
- Aditya Birla Sun Life Mutual Fund-0.20 pp
- UTI Mutual Fund-0.17 pp
- Kotak Mahindra Mutual Fund-0.09 pp
Rank changes among the top 30
- Franklin Templeton Mutual Fund16 → 15
- Canara Robeco Mutual Fund15 → 16
- quant Mutual Fund20 → 19
- Sundaram Mutual Fund19 → 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
10.72 lakh Cr20.1% of industry assets
Contributing SIP accounts
—Not published for this period
Folios
17.79 Cr
+36.61 L on the month · +22.0% 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 · Mar 2024
21new schemes allotted
4,146 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 | 3,074 Cr | — |
| Fixed Term Plan | 2 | 319 Cr | — |
| Multi Asset Allocation Fund | 2 | 260 Cr | — |
| Index Funds | 5 | 178 Cr | — |
| Dynamic Asset Allocation/Balanced Advantage Fund | 1 | 136 Cr | — |
| Long Duration Fund | 2 | 109 Cr | — |
| Fund of funds investing overseas | 1 | 48.00 Cr | — |
| Other ETFs | 3 | 22.00 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 · Mar 2024
985companies held
24AMCs reporting
1,574new positions
1,419complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Tata Consultancy Services Limited215 comparable portfolios 16
- 02 ITC Limited211 comparable portfolios 16
- 03 Maruti Suzuki India Limited203 comparable portfolios 16
- 04 Larsen & Toubro Limited245 comparable portfolios 16
- 05 HDFC Bank Limited300 comparable portfolios 16
- 06 Tata Steel Limited175 comparable portfolios 16
- 07 JSW Steel Limited86 comparable portfolios 15
- 08 SBI Life Insurance Company Limited129 comparable portfolios 15
- 09 Divi's Laboratories Limited117 comparable portfolios 15
- 10 InterGlobe Aviation Limited104 comparable portfolios 15
Most AMCs reducing
↗CompanyAMCs
- 01 Bajaj Auto Limited132 comparable portfolios 12
- 02 Tata Motors Passenger Vehicles Limited177 comparable portfolios 12
- 03 Varun Beverages Limited76 comparable portfolios 11
- 04 PI Industries Limited94 comparable portfolios 11
- 05 JINDAL STEEL LIMITED106 comparable portfolios 11
- 06 Indian Oil Corporation Limited78 comparable portfolios 11
- 07 REC Limited133 comparable portfolios 11
- 08 Infosys Limited278 comparable portfolios 11
- 09 State Bank of India263 comparable portfolios 11
- 10 ABB India Limited84 comparable portfolios 10
Largest comparable holding increases
↗CompanyShares
- 01 Samvardhana Motherson International Limited+21.8% · 111 portfolios +11.10 Cr
- 02 NLC India Limited+98.7% · 24 portfolios +5.28 Cr
- 03 ITC Limited+5.2% · 211 portfolios +4.12 Cr
- 04 NTPC Limited+4.6% · 220 portfolios +3.82 Cr
- 05 Steel Authority of India Limited+23.0% · 62 portfolios +3.65 Cr
- 06 Bharat Electronics Limited+5.4% · 172 portfolios +3.41 Cr
- 07 Tata Steel Limited+3.5% · 175 portfolios +2.75 Cr
- 08 Indus Towers Limited+23.5% · 69 portfolios +2.54 Cr
- 09 Aster DM Quality Care Limited+295.6% · 16 portfolios +2.33 Cr
- 10 Power Grid Corporation of India Limited+2.9% · 142 portfolios +2.15 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-20.3% · 30 portfolios -12.10 Cr
- 02 Jio Financial Services Limited-6.3% · 93 portfolios -1.62 Cr
- 03 NMDC Steel Limited-65.1% · 11 portfolios -1.62 Cr
- 04 Suzlon Energy Limited-9.1% · 35 portfolios -1.38 Cr
- 05 State Bank of India-2.2% · 263 portfolios -1.32 Cr
- 06 Punjab National Bank-4.9% · 57 portfolios -1.28 Cr
- 07 Bank of Baroda-6.5% · 109 portfolios -1.25 Cr
- 08 IDFC First Bank Limited-9.3% · 47 portfolios -1.25 Cr
- 09 The Federal Bank Limited-3.1% · 105 portfolios -1.07 Cr
- 10 UPL Limited-55.9% · 73 portfolios -1.02 Cr
Most new positions
↗CompanyPositions
- 01 Shriram Finance Limited136 comparable portfolios 32
- 02 Maruti Suzuki India Limited203 comparable portfolios 29
- 03 JINDAL STEEL LIMITED106 comparable portfolios 20
- 04 Godrej Consumer Products Limited96 comparable portfolios 19
- 05 Power Finance Corporation Limited127 comparable portfolios 19
- 06 Adani Power Limited53 comparable portfolios 19
- 07 Muthoot Finance Limited65 comparable portfolios 18
- 08 Tata Consultancy Services Limited215 comparable portfolios 18
- 09 Jio Financial Services Limited93 comparable portfolios 18
- 10 HDFC Life Insurance Company Limited110 comparable portfolios 18
Most complete exits
↗CompanyExits
- 01 UPL Limited73 comparable portfolios 36
- 02 REC Limited133 comparable portfolios 21
- 03 PI Industries Limited94 comparable portfolios 21
- 04 Muthoot Finance Limited65 comparable portfolios 19
- 05 Shriram Finance Limited136 comparable portfolios 17
- 06 Navin Fluorine International Limited60 comparable portfolios 15
- 07 Procter & Gamble Hygiene and Health Care Limited47 comparable portfolios 14
- 08 AWL Agri Business Limited24 comparable portfolios 14
- 09 ICICI Prudential Life Insurance Company Limited66 comparable portfolios 14
- 10 Life Insurance Corporation Of India70 comparable portfolios 13
Most widely held stocks
CompanyAMCs
- 01 Larsen & Toubro Limited248 portfolios 23
- 02 Bharat Electronics Limited162 portfolios 23
- 03 HDFC Bank Limited301 portfolios 22
- 04 State Bank of India260 portfolios 22
- 05 Tata Consultancy Services Limited217 portfolios 22
- 06 Tata Steel Limited169 portfolios 22
- 07 ICICI Bank Limited299 portfolios 21
- 08 Infosys Limited276 portfolios 21
- 09 Reliance Industries Limited269 portfolios 21
- 10 Axis Bank Limited244 portfolios 21
Broader ownership
↗CompanyΔ AMCs
- 01 Honasa Consumer Limited7 AMCs now +4
- 02 Cello World Limited8 AMCs now +4
- 03 Tata Technologies Limited12 AMCs now +4
- 04 Jio Financial Services Limited16 AMCs now +4
- 05 Adani Power Limited13 AMCs now +4
- 06 SJVN Limited7 AMCs now +3
- 07 Himadri Speciality Chemical Limited5 AMCs now +3
- 08 Suzlon Energy Limited11 AMCs now +3
- 09 BSE Limited12 AMCs now +3
- 10 Punjab National Bank16 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 Jamna Auto Industries Limited5 AMCs now -4
- 02 Go Fashion (India) Limited3 AMCs now -4
- 03 Vinati Organics Limited7 AMCs now -4
- 04 UPL Limited13 AMCs now -4
- 05 AWL Agri Business Limited6 AMCs now -4
- 06 Relaxo Footwears Limited7 AMCs now -3
- 07 Havells India Limited14 AMCs now -3
- 08 Procter & Gamble Hygiene and Health Care Limited11 AMCs now -3
- 09 Blue Dart Express Limited7 AMCs now -3
- 10 Aarti Drugs Limited2 AMCs now -3
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 | Mar 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Mar 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Mar 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 →