India mutual fund monitor
April 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 Apr 2024 SIP not published for Apr 2024 NFO Apr 2024 Fund-house assets Jan–Mar 2024 (quarterly) Holdings Apr 2024
AMFI monthly report, Apr 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +1.46 lakh 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 +18,917 Cr
- Debt +1.90 lakh Cr
- Hybrid +19,863 Cr
- Index funds & ETFs +11,875 Cr
- Overseas fund of funds -370 Cr
- Solution oriented +247 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +18,917 | +22,633 | +68,416 | +196,528 |
| Debt | +189,891 | -198,299 | +55,400 | +60,116 |
| Hybrid | +19,863 | +5,584 | +43,552 | +161,500 |
| Index funds & ETFs | +11,875 | +12,756 | +34,626 | +68,645 |
| Overseas fund of funds | -370 | +37.22 | -572 | -3,397 |
| Solution oriented | +247 | +207 | +637 | +2,338 |
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 · Apr 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +102,751 | +28.27% | +28,423 | +38,162 |
| Money MarketDebt | +34,084 | +22.89% | +25,501 | +49,982 |
| OvernightDebt | +21,195 | +34.57% | -3,173 | -26,117 |
| ArbitrageHybrid | +13,901 | +9.09% | +25,112 | +101,031 |
| Ultra Short TermDebt | +11,105 | +13.29% | +1,608 | -1,719 |
| Ultra Short to Short TermDebt | +7,758 | +8.60% | -2,500 | -1,263 |
| Index Funds (single category)Passive | +6,524 | +3.05% | +10,883 | +22,066 |
| Other ETFs (single category)Passive | +5,747 | +0.87% | +22,768 | +41,850 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Medium TermDebt | -425 | -1.64% | -1,177 | -3,522 |
| Banking and PSU DebtDebt | -405 | -0.50% | -653 | -5,857 |
| Gold ETFPassive | -396 | -1.27% | +975 | +4,728 |
| Fund of Funds investing overseasFof Overseas | -370 | -1.44% | -572 | -3,397 |
| Credit RiskDebt | -359 | -1.55% | -1,046 | -3,471 |
| FocusedEquity | -328 | -0.25% | -798 | -4,257 |
| ELSS (Tax Saver)Equity | -144 | -0.07% | +1,984 | +835 |
| Conservative HybridHybrid | -7.97 | -0.03% | -110 | +483 |
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 Apr 2024; it is not a April 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
11.26 lakh Cr19.7% of industry assets
Contributing SIP accounts
—Not published for this period
Folios
18.15 Cr
+36.12 L on the month · +23.9% 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 · Apr 2024
9new schemes allotted
1,532 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 | 1 | 707 Cr | — |
| Flexi Cap Fund | 1 | 512 Cr | — |
| Index Funds | 6 | 269 Cr | — |
| Retirement Fund | 1 | 44.00 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 · Apr 2024
995companies held
24AMCs reporting
1,163new positions
912complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Kotak Mahindra Bank Limited202 comparable portfolios 17
- 02 Vodafone Idea Limited59 comparable portfolios 16
- 03 Axis Bank Limited247 comparable portfolios 16
- 04 HCL Technologies Limited190 comparable portfolios 16
- 05 Power Grid Corporation of India Limited150 comparable portfolios 15
- 06 NTPC Limited224 comparable portfolios 15
- 07 Bharti Airtel Limited234 comparable portfolios 15
- 08 Supreme Industries Limited45 comparable portfolios 14
- 09 Bank of Baroda105 comparable portfolios 14
- 10 Power Finance Corporation Limited119 comparable portfolios 14
Most AMCs reducing
↗CompanyAMCs
- 01 Sun Pharmaceutical Industries Limited201 comparable portfolios 12
- 02 ICICI Bank Limited299 comparable portfolios 11
- 03 PVR INOX Limited57 comparable portfolios 10
- 04 ABB India Limited85 comparable portfolios 10
- 05 InterGlobe Aviation Limited110 comparable portfolios 10
- 06 Mahindra & Mahindra Limited163 comparable portfolios 10
- 07 Larsen & Toubro Limited248 comparable portfolios 10
- 08 Bharat Electronics Limited173 comparable portfolios 10
- 09 Tata Consultancy Services Limited222 comparable portfolios 10
- 10 L&T Technology Services Limited57 comparable portfolios 9
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+365.7% · 59 portfolios +174.20 Cr
- 02 Punjab National Bank+12.3% · 60 portfolios +3.08 Cr
- 03 Kotak Mahindra Bank Limited+19.5% · 202 portfolios +2.92 Cr
- 04 Steel Authority of India Limited+12.9% · 68 portfolios +2.51 Cr
- 05 SBFC Finance Limited+24.7% · 26 portfolios +2.45 Cr
- 06 Sterlite Technologies Limited.+8,101.1% · 12 portfolios +2.39 Cr
- 07 Indian Energy Exchange Limited+17.9% · 39 portfolios +2.18 Cr
- 08 Oil & Natural Gas Corporation Limited+3.8% · 139 portfolios +2.01 Cr
- 09 NMDC Limited+14.3% · 67 portfolios +1.93 Cr
- 10 Bank of Baroda+10.3% · 105 portfolios +1.86 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Tata Steel Limited-3.8% · 173 portfolios -3.09 Cr
- 02 Jio Financial Services Limited-9.5% · 87 portfolios -2.30 Cr
- 03 Biocon Limited-19.5% · 52 portfolios -1.40 Cr
- 04 The Federal Bank Limited-3.4% · 103 portfolios -1.16 Cr
- 05 IRB Infrastructure Developers Limited-5.3% · 14 portfolios -1.13 Cr
- 06 JSW Infrastructure Limited-26.8% · 34 portfolios -1.12 Cr
- 07 Exide Industries Limited-20.1% · 46 portfolios -94.62 L
- 08 The Indian Hotels Company Limited-5.5% · 82 portfolios -46.25 L
- 09 Delhivery Limited-5.0% · 41 portfolios -43.88 L
- 10 Aditya Birla Fashion and Retail Limited-5.1% · 50 portfolios -43.56 L
Most new positions
↗CompanyPositions
- 01 Bharti Hexacom Limited45 comparable portfolios 45
- 02 Vodafone Idea Limited59 comparable portfolios 30
- 03 Kotak Mahindra Bank Limited202 comparable portfolios 16
- 04 Bharti Airtel Limited234 comparable portfolios 16
- 05 Angel One Limited55 comparable portfolios 14
- 06 Prestige Estates Projects Limited55 comparable portfolios 14
- 07 Indus Towers Limited80 comparable portfolios 13
- 08 Bharat Electronics Limited173 comparable portfolios 13
- 09 Hindustan Aeronautics Limited118 comparable portfolios 12
- 10 JNK India Limited12 comparable portfolios 12
Most complete exits
↗CompanyExits
- 01 Infosys Limited276 comparable portfolios 17
- 02 Kotak Mahindra Bank Limited202 comparable portfolios 14
- 03 Bajaj Auto Limited131 comparable portfolios 13
- 04 MphasiS Limited75 comparable portfolios 12
- 05 HDFC Life Insurance Company Limited111 comparable portfolios 12
- 06 L&T Technology Services Limited57 comparable portfolios 11
- 07 Wipro Limited107 comparable portfolios 11
- 08 Hero MotoCorp Limited147 comparable portfolios 11
- 09 LTM Limited125 comparable portfolios 11
- 10 WESTLIFE FOODWORLD LIMITED49 comparable portfolios 11
Most widely held stocks
CompanyAMCs
- 01 State Bank of India272 portfolios 23
- 02 NTPC Limited240 portfolios 23
- 03 Tata Consultancy Services Limited217 portfolios 23
- 04 Bharat Electronics Limited188 portfolios 23
- 05 Reliance Industries Limited286 portfolios 22
- 06 Larsen & Toubro Limited261 portfolios 22
- 07 Bharti Airtel Limited248 portfolios 22
- 08 Kotak Mahindra Bank Limited192 portfolios 22
- 09 Hindalco Industries Limited176 portfolios 22
- 10 Tata Steel Limited169 portfolios 22
Broader ownership
↗CompanyΔ AMCs
- 01 DLF Limited19 AMCs now +4
- 02 UltraTech Cement Limited20 AMCs now +4
- 03 Vodafone Idea Limited17 AMCs now +4
- 04 IDFC First Bank Limited14 AMCs now +3
- 05 Motherson Sumi Wiring India Limited14 AMCs now +3
- 06 Steel Authority of India Limited18 AMCs now +3
- 07 National Aluminium Company Limited14 AMCs now +3
- 08 Punjab National Bank19 AMCs now +3
- 09 Supreme Industries Limited17 AMCs now +3
- 10 Kotak Mahindra Bank Limited22 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 United Breweries Limited12 AMCs now -2
- 02 Infosys Limited20 AMCs now -1
- 03 L&T Technology Services Limited14 AMCs now -1
- 04 Larsen & Toubro Limited22 AMCs now -1
- 05 HDFC Bank Limited21 AMCs now -1
- 06 Escorts Kubota Limited15 AMCs now -1
- 07 VIP Industries Limited6 AMCs now -1
- 08 Greenpanel Industries Limited7 AMCs now -1
- 09 Cholamandalam Investment and Finance Company Limited19 AMCs now -1
- 10 Cyient Limited12 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 | Apr 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Apr 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Apr 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 →