India mutual fund monitor
September 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 Sep 2024 SIP Sep 2024 NFO Sep 2024 Fund-house assets Jul–Sep 2024 (quarterly) Holdings Sep 2024
AMFI monthly report, Sep 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +1.10 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 +34,419 Cr
- Debt -1.14 lakh Cr
- Hybrid +4,901 Cr
- Index funds & ETFs +3,574 Cr
- Overseas fund of funds -320 Cr
- Solution oriented +233 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +34,419 | +38,239 | +109,772 | +327,764 |
| Debt | -113,834 | +45,169 | +50,923 | +80,097 |
| Hybrid | +4,901 | +10,005 | +32,342 | +161,831 |
| Index funds & ETFs | +3,574 | +14,952 | +33,671 | +114,664 |
| Overseas fund of funds | -320 | -353 | -1,040 | -3,187 |
| Solution oriented | +233 | +228 | +687 | +2,969 |
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 · Sep 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Sectoral / Thematic (combined)Equity | +13,255 | +2.98% | +49,758 | +132,340 |
| Corporate BondDebt | +5,039 | +3.23% | +7,968 | +12,765 |
| Multi Asset AllocationHybrid | +4,070 | +4.39% | +10,023 | +41,173 |
| Large & Mid CapEquity | +3,598 | +1.36% | +9,514 | +32,085 |
| Multi CapEquity | +3,509 | +2.03% | +13,069 | +36,902 |
| Flexi CapEquity | +3,215 | +0.75% | +9,781 | +30,889 |
| Mid CapEquity | +3,130 | +0.81% | +7,829 | +26,111 |
| Small CapEquity | +3,071 | +0.96% | +8,389 | +33,723 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -72,666 | -14.24% | +10,990 | +27,044 |
| Money MarketDebt | -23,421 | -9.53% | +15,410 | +68,155 |
| OvernightDebt | -19,363 | -22.49% | +195 | -21,275 |
| Ultra Short TermDebt | -6,282 | -5.94% | +2,621 | +949 |
| ArbitrageHybrid | -3,532 | -1.83% | +9,855 | +87,742 |
| Banking and PSU DebtDebt | -1,978 | -2.53% | -3,836 | -8,446 |
| Floating Interest RatesDebt | -1,216 | -2.29% | -1,578 | -10,989 |
| Credit RiskDebt | -484 | -2.24% | -1,417 | -4,547 |
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: Jul–Sep 2024 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Sep 2024; it is not a September 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 | 10.99 lakh Cr | 16.59% | -0.17 pp | 1 |
| ICICI Prudential Mutual Fund | 8.41 lakh Cr | 12.70% | +0.03 pp | 2 |
| HDFC Mutual Fund | 7.59 lakh Cr | 11.46% | +0.07 pp | 3 |
| Nippon India Mutual Fund | 5.49 lakh Cr | 8.29% | +0.09 pp | 4 |
| Kotak Mahindra Mutual Fund | 4.70 lakh Cr | 7.10% | +0.00 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.83 lakh Cr | 5.79% | -0.19 pp | 6 |
| UTI Mutual Fund | 3.43 lakh Cr | 5.17% | -0.10 pp | 7 |
| Axis Mutual Fund | 3.12 lakh Cr | 4.72% | -0.24 pp | 8 |
| Mirae Asset Mutual Fund | 1.92 lakh Cr | 2.89% | -0.01 pp | 9 |
| DSP Mutual Fund | 1.82 lakh Cr | 2.75% | +0.10 pp | 10 |
Biggest share gainers · quarter
- Motilal Oswal Mutual Fund+0.15 pp
- DSP Mutual Fund+0.10 pp
- quant Mutual Fund+0.09 pp
- Nippon India Mutual Fund+0.09 pp
- Tata Mutual Fund+0.08 pp
Biggest share decliners · quarter
- Axis Mutual Fund-0.24 pp
- Aditya Birla Sun Life Mutual Fund-0.19 pp
- SBI Mutual Fund-0.17 pp
- UTI Mutual Fund-0.10 pp
- Edelweiss Mutual Fund-0.10 pp
Rank changes among the top 30
- quant Mutual Fund18 → 17
- Invesco Mutual Fund17 → 18
- Motilal Oswal Mutual Fund21 → 20
- Sundaram Mutual Fund20 → 21
- Mahindra Manulife Mutual Fund25 → 24
- PGIM India Mutual Fund24 → 25
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
24,509 CrNo year-ago figure published
SIP contribution · 12 months
—Not published for this period
SIP assets
13.82 lakh Cr20.6% of industry assets
Contributing SIP accounts
7.75 CrAccounts that paid in this month
Folios
21.05 Cr
+59.94 L on the month · +34.0% 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 · Sep 2024
27new schemes allotted
14,575 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 | 4 | 7,842 Cr | — |
| Index Funds | 13 | 3,656 Cr | — |
| Dividend Yield Fund | 1 | 1,006 Cr | — |
| Multi Asset Allocation Fund | 1 | 824 Cr | — |
| Large & Mid Cap Fund | 1 | 728 Cr | — |
| Multi Cap Fund | 1 | 297 Cr | — |
| Other ETFs | 4 | 102 Cr | — |
| Medium to Long Duration Fund | 1 | 72.00 Cr | — |
| Arbitrage Fund | 1 | 48.00 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 · Sep 2024
1,036companies held
25AMCs reporting
2,143new positions
1,731complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Kotak Mahindra Bank Limited218 comparable portfolios 17
- 02 TATA CONSUMER PRODUCTS LIMITED108 comparable portfolios 15
- 03 Tata Power Company Limited109 comparable portfolios 15
- 04 Samvardhana Motherson International Limited150 comparable portfolios 15
- 05 Exide Industries Limited57 comparable portfolios 14
- 06 Siemens Limited98 comparable portfolios 14
- 07 NMDC Limited70 comparable portfolios 14
- 08 Grasim Industries Limited111 comparable portfolios 14
- 09 Info Edge (India) Limited117 comparable portfolios 14
- 10 Infosys Limited281 comparable portfolios 14
Most AMCs reducing
↗CompanyAMCs
- 01 Larsen & Toubro Limited246 comparable portfolios 14
- 02 Vodafone Idea Limited52 comparable portfolios 13
- 03 Hero MotoCorp Limited164 comparable portfolios 13
- 04 AIA Engineering Limited50 comparable portfolios 12
- 05 Oil & Natural Gas Corporation Limited151 comparable portfolios 12
- 06 Shriram Finance Limited144 comparable portfolios 12
- 07 State Bank of India270 comparable portfolios 12
- 08 Bharat Electronics Limited217 comparable portfolios 12
- 09 Adani Green Energy Limited25 comparable portfolios 11
- 10 Adani Power Limited32 comparable portfolios 11
Largest comparable holding increases
↗CompanyShares
- 01 Samvardhana Motherson International Limited+19.4% · 150 portfolios +9.20 Cr
- 02 Bharat Electronics Limited+9.2% · 217 portfolios +5.32 Cr
- 03 Bajaj Housing Finance Limited— · 29 portfolios +5.32 Cr
- 04 Punjab National Bank+22.2% · 74 portfolios +4.03 Cr
- 05 Indus Towers Limited+14.0% · 121 portfolios +2.66 Cr
- 06 Bharat Heavy Electricals Limited+18.8% · 98 portfolios +2.22 Cr
- 07 Canara Bank+6.5% · 91 portfolios +1.48 Cr
- 08 Mahindra & Mahindra Financial Services Limited+18.4% · 56 portfolios +1.43 Cr
- 09 Tata Steel Limited+1.8% · 148 portfolios +1.34 Cr
- 10 Tata Power Company Limited+9.1% · 109 portfolios +1.25 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-28.4% · 52 portfolios -59.81 Cr
- 02 Suzlon Energy Limited-6.9% · 62 portfolios -3.22 Cr
- 03 NTPC Limited-2.8% · 221 portfolios -2.44 Cr
- 04 Oil & Natural Gas Corporation Limited-4.2% · 151 portfolios -2.40 Cr
- 05 Power Grid Corporation of India Limited-2.3% · 162 portfolios -1.87 Cr
- 06 IDFC First Bank Limited-20.0% · 39 portfolios -1.72 Cr
- 07 Ola Electric Mobility Limited-16.2% · 23 portfolios -1.70 Cr
- 08 ICICI Bank Limited-1.6% · 304 portfolios -1.43 Cr
- 09 NHPC Limited-5.5% · 50 portfolios -1.40 Cr
- 10 Equitas Small Finance Bank Limited-5.7% · 40 portfolios -1.15 Cr
Most new positions
↗CompanyPositions
- 01 GE Vernova T&D India Limited86 comparable portfolios 59
- 02 Trent Limited165 comparable portfolios 38
- 03 SBI Cards and Payment Services Limited81 comparable portfolios 33
- 04 Bharat Electronics Limited217 comparable portfolios 32
- 05 Bajaj Housing Finance Limited29 comparable portfolios 29
- 06 Samvardhana Motherson International Limited150 comparable portfolios 29
- 07 KEC International Limited54 comparable portfolios 25
- 08 Marico Limited89 comparable portfolios 24
- 09 LTM Limited142 comparable portfolios 23
- 10 Bharat Heavy Electricals Limited98 comparable portfolios 21
Most complete exits
↗CompanyExits
- 01 LTM Limited142 comparable portfolios 35
- 02 Divi's Laboratories Limited134 comparable portfolios 30
- 03 Colgate Palmolive (India) Limited91 comparable portfolios 25
- 04 Marico Limited89 comparable portfolios 22
- 05 Bharat Electronics Limited217 comparable portfolios 21
- 06 Berger Paints (I) Limited66 comparable portfolios 20
- 07 SBI Cards and Payment Services Limited81 comparable portfolios 18
- 08 Oil & Natural Gas Corporation Limited151 comparable portfolios 18
- 09 SRF Limited64 comparable portfolios 18
- 10 Indus Towers Limited121 comparable portfolios 17
Most widely held stocks
CompanyAMCs
- 01 Bharti Airtel Limited287 portfolios 24
- 02 Reliance Industries Limited334 portfolios 23
- 03 Infosys Limited324 portfolios 23
- 04 NTPC Limited262 portfolios 23
- 05 Bharat Electronics Limited224 portfolios 23
- 06 Bajaj Finance Limited219 portfolios 23
- 07 Hindustan Unilever Limited215 portfolios 23
- 08 HCL Technologies Limited204 portfolios 23
- 09 Power Grid Corporation of India Limited183 portfolios 23
- 10 Hindustan Aeronautics Limited160 portfolios 23
Broader ownership
↗CompanyΔ AMCs
- 01 Indian Renewable Energy Development Agency Limited9 AMCs now +8
- 02 Exide Industries Limited18 AMCs now +7
- 03 Shivalik Bimetal Controls Limited9 AMCs now +6
- 04 Vinati Organics Limited13 AMCs now +6
- 05 PTC Industries Limited7 AMCs now +6
- 06 Aadhar Housing Finance Limited10 AMCs now +6
- 07 GE Vernova T&D India Limited13 AMCs now +5
- 08 BASF India Limited7 AMCs now +5
- 09 Affle 3i Limited14 AMCs now +4
- 10 Indegene Limited9 AMCs now +4
Narrower ownership
↗CompanyΔ AMCs
- 01 JK Paper Limited5 AMCs now -5
- 02 Prism Johnson Limited1 AMCs now -4
- 03 Prince Pipes And Fittings Limited4 AMCs now -4
- 04 KRBL Limited2 AMCs now -3
- 05 Raymond Lifestyle Limited3 AMCs now -3
- 06 Jai Balaji Industries Limited2 AMCs now -3
- 07 GMM Pfaudler Limited5 AMCs now -3
- 08 BOROSIL RENEWABLES LIMITED3 AMCs now -3
- 09 Vaibhav Global Limited2 AMCs now -3
- 10 Mahindra Holidays & Resorts India Limited3 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 | Sep 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Sep 2024 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Sep 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jul–Sep 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Sep 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 →