India mutual fund monitor
May 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 May 2024 SIP not published for May 2024 NFO May 2024 Fund-house assets Jan–Mar 2024 (quarterly) Holdings May 2024
AMFI monthly report, May 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +54,746 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 +34,697 Cr
- Debt +42,295 Cr
- Hybrid +17,991 Cr
- Index funds & ETFs +16,007 Cr
- Overseas fund of funds -352 Cr
- Solution oriented +465 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +34,697 | +18,917 | +76,247 | +227,984 |
| Debt | +42,295 | +189,891 | +33,887 | +56,452 |
| Hybrid | +17,991 | +19,863 | +43,437 | +173,398 |
| Index funds & ETFs | +16,007 | +11,875 | +40,638 | +79,917 |
| Overseas fund of funds | -352 | -370 | -685 | -3,501 |
| Solution oriented | +465 | +247 | +919 | +2,703 |
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 · May 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +25,873 | +5.52% | -29,346 | +18,801 |
| Sectoral / Thematic (combined)Equity | +19,213 | +6.12% | +32,297 | +70,072 |
| ArbitrageHybrid | +12,758 | +7.67% | +26,362 | +107,150 |
| Other ETFs (single category)Passive | +10,690 | +1.57% | +26,996 | +48,016 |
| Money MarketDebt | +8,272 | +4.50% | +33,636 | +49,523 |
| OvernightDebt | +6,645 | +8.00% | +20,848 | -562 |
| Index Funds (single category)Passive | +4,490 | +2.01% | +12,837 | +26,448 |
| Multi Asset AllocationHybrid | +3,161 | +4.27% | +9,155 | +38,344 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Floating Interest RatesDebt | -546 | -1.02% | -1,101 | -7,145 |
| Credit RiskDebt | -540 | -2.37% | -1,221 | -3,722 |
| Medium TermDebt | -539 | -2.11% | -1,329 | -3,853 |
| Fund of Funds investing overseasFof Overseas | -352 | -1.43% | -685 | -3,501 |
| FocusedEquity | -307 | -0.23% | -571 | -3,620 |
| ELSS (Tax Saver)Equity | -250 | -0.11% | +1,395 | +1,090 |
| GiltDebt | -171 | -0.53% | +4,500 | +8,461 |
| Dynamic TermDebt | -138 | -0.43% | +577 | +494 |
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 May 2024; it is not a May 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
11.53 lakh Cr19.6% of industry assets
Contributing SIP accounts
—Not published for this period
Folios
18.60 Cr
+45.00 L on the month · +26.2% 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 · May 2024
9new schemes allotted
10,140 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 | 9,563 Cr | — |
| Retirement Fund | 1 | 263 Cr | — |
| Index Funds | 4 | 242 Cr | — |
| Other ETFs | 3 | 72.00 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 · May 2024
980companies held
23AMCs reporting
1,313new positions
1,026complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Hindustan Aeronautics Limited116 comparable portfolios 17
- 02 Axis Bank Limited208 comparable portfolios 16
- 03 Hindalco Industries Limited155 comparable portfolios 16
- 04 Bharti Airtel Limited218 comparable portfolios 16
- 05 Coal India Limited120 comparable portfolios 16
- 06 HDFC Life Insurance Company Limited100 comparable portfolios 15
- 07 Titan Company Limited136 comparable portfolios 15
- 08 Bank of Baroda98 comparable portfolios 14
- 09 IndusInd Bank Limited164 comparable portfolios 14
- 10 Mahindra & Mahindra Limited142 comparable portfolios 14
Most AMCs reducing
↗CompanyAMCs
- 01 Canara Bank80 comparable portfolios 13
- 02 United Spirits Limited109 comparable portfolios 11
- 03 Glenmark Pharmaceuticals Limited52 comparable portfolios 10
- 04 Indus Towers Limited62 comparable portfolios 10
- 05 Sun Pharmaceutical Industries Limited176 comparable portfolios 10
- 06 SBI Life Insurance Company Limited109 comparable portfolios 10
- 07 Piramal Enterprises Limited38 comparable portfolios 9
- 08 Dalmia Bharat Limited57 comparable portfolios 9
- 09 Trent Limited99 comparable portfolios 9
- 10 Samvardhana Motherson International Limited95 comparable portfolios 9
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+13.3% · 56 portfolios +25.20 Cr
- 02 Suzlon Energy Limited+32.0% · 40 portfolios +7.76 Cr
- 03 Ujjivan Small Finance Bank Limited+576.2% · 19 portfolios +6.15 Cr
- 04 Indian Railway Finance Corporation Limited+1,233.8% · 29 portfolios +4.79 Cr
- 05 NHPC Limited+40.4% · 41 portfolios +4.78 Cr
- 06 ETERNAL LIMITED+10.1% · 150 portfolios +4.61 Cr
- 07 Aditya Birla Fashion and Retail Limited+76.4% · 50 portfolios +2.72 Cr
- 08 Tata Power Company Limited+34.7% · 83 portfolios +2.58 Cr
- 09 Indian Oil Corporation Limited+12.6% · 67 portfolios +2.30 Cr
- 10 Steel Authority of India Limited+10.8% · 65 portfolios +2.26 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Canara Bank-41.4% · 80 portfolios -10.19 Cr
- 02 Punjab National Bank-38.6% · 58 portfolios -9.41 Cr
- 03 Bharat Electronics Limited-17.4% · 173 portfolios -7.18 Cr
- 04 GAIL (India) Limited-13.4% · 107 portfolios -4.57 Cr
- 05 GMR AIRPORTS LIMITED-27.8% · 30 portfolios -3.43 Cr
- 06 Indus Towers Limited-39.2% · 62 portfolios -2.84 Cr
- 07 Bharat Heavy Electricals Limited-20.3% · 85 portfolios -2.46 Cr
- 08 Hindustan Copper Limited-63.2% · 24 portfolios -2.24 Cr
- 09 Vedanta Limited-22.6% · 57 portfolios -1.41 Cr
- 10 The Jammu & Kashmir Bank Limited-72.2% · 10 portfolios -1.25 Cr
Most new positions
↗CompanyPositions
- 01 HDFC Bank Limited279 comparable portfolios 21
- 02 Cipla Limited129 comparable portfolios 19
- 03 Cholamandalam Investment and Finance Company Limited127 comparable portfolios 19
- 04 REC Limited129 comparable portfolios 18
- 05 Coforge Limited124 comparable portfolios 17
- 06 Jubilant Foodworks Limited91 comparable portfolios 15
- 07 Escorts Kubota Limited64 comparable portfolios 14
- 08 Hindustan Aeronautics Limited116 comparable portfolios 14
- 09 Power Finance Corporation Limited109 comparable portfolios 14
- 10 Marico Limited71 comparable portfolios 14
Most complete exits
↗CompanyExits
- 01 Bharat Electronics Limited173 comparable portfolios 18
- 02 GAIL (India) Limited107 comparable portfolios 17
- 03 LTM Limited102 comparable portfolios 15
- 04 Canara Bank80 comparable portfolios 15
- 05 Wipro Limited80 comparable portfolios 14
- 06 Coforge Limited124 comparable portfolios 14
- 07 Hindalco Industries Limited155 comparable portfolios 13
- 08 Bharat Heavy Electricals Limited85 comparable portfolios 12
- 09 Astral Limited48 comparable portfolios 11
- 10 Sun Pharmaceutical Industries Limited176 comparable portfolios 10
Most widely held stocks
CompanyAMCs
- 01 NTPC Limited214 portfolios 22
- 02 Tata Steel Limited156 portfolios 22
- 03 HDFC Bank Limited310 portfolios 21
- 04 Reliance Industries Limited283 portfolios 21
- 05 State Bank of India254 portfolios 21
- 06 Larsen & Toubro Limited250 portfolios 21
- 07 Bharti Airtel Limited246 portfolios 21
- 08 Tata Consultancy Services Limited209 portfolios 21
- 09 Kotak Mahindra Bank Limited194 portfolios 21
- 10 Bharat Electronics Limited173 portfolios 21
Broader ownership
↗CompanyΔ AMCs
- 01 Berger Paints (I) Limited14 AMCs now +3
- 02 United Breweries Limited14 AMCs now +2
- 03 ICICI Prudential Life Insurance Company Limited15 AMCs now +2
- 04 Escorts Kubota Limited16 AMCs now +1
- 05 IDFC LIMITED13 AMCs now +1
- 06 Indian Railway Finance Corporation Limited13 AMCs now +1
- 07 Hindustan Aeronautics Limited21 AMCs now +1
- 08 Hindustan Petroleum Corporation Limited19 AMCs now +1
- 09 Go Fashion (India) Limited4 AMCs now +1
- 10 Piramal Pharma Limited11 AMCs now +1
Narrower ownership
↗CompanyΔ AMCs
- 01 Sun TV Network Limited9 AMCs now -5
- 02 Astral Limited12 AMCs now -4
- 03 Bayer Cropscience Limited8 AMCs now -4
- 04 3M India Limited11 AMCs now -4
- 05 Prudent Corporate Advisory Services Limited5 AMCs now -3
- 06 Dalmia Bharat Limited14 AMCs now -3
- 07 ACC Limited15 AMCs now -3
- 08 Asian Paints Limited18 AMCs now -3
- 09 Gujarat Ambuja Exports Limited3 AMCs now -3
- 10 Syrma SGS Technology Limited7 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 | May 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Not published for this period | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | May 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | May 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 →