India mutual fund monitor
December 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 Dec 2024 SIP Dec 2024 NFO Dec 2024 Fund-house assets Oct–Dec 2024 (quarterly) Holdings Dec 2024
AMFI monthly report, Dec 2024. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -34,714 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 +41,156 Cr
- Debt -1.27 lakh Cr
- Hybrid +4,370 Cr
- Index funds & ETFs +868 Cr
- Overseas fund of funds -83.45 Cr
- Solution oriented +333 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +41,156 | +35,943 | +118,986 | +394,260 |
| Debt | -127,153 | +12,916 | +43,166 | +160,895 |
| Hybrid | +4,370 | +4,124 | +25,357 | +148,733 |
| Index funds & ETFs | +868 | +7,131 | +31,333 | +134,786 |
| Overseas fund of funds | -83.45 | -69.48 | -59.01 | -2,587 |
| Solution oriented | +333 | +319 | +979 | +3,200 |
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 · Dec 2024
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Sectoral / Thematic (combined)Equity | +15,332 | +3.32% | +35,268 | +155,743 |
| Mid CapEquity | +5,093 | +1.31% | +14,660 | +34,303 |
| Index Funds (single category)Passive | +4,786 | +1.75% | +17,060 | +53,720 |
| Flexi CapEquity | +4,731 | +1.09% | +14,996 | +40,961 |
| Small CapEquity | +4,668 | +1.43% | +12,552 | +34,223 |
| Large & Mid CapEquity | +3,812 | +1.42% | +13,349 | +39,513 |
| Multi CapEquity | +3,075 | +1.72% | +10,298 | +40,724 |
| Multi Asset AllocationHybrid | +2,575 | +2.53% | +8,815 | +42,569 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -66,532 | -12.59% | +15,552 | +49,952 |
| Money MarketDebt | -25,843 | -10.15% | +1,887 | +71,311 |
| OvernightDebt | -22,348 | -23.29% | +5,455 | -7,025 |
| Other ETFs (single category)Passive | -4,558 | -0.58% | +10,415 | +69,840 |
| Ultra Short to Short TermDebt | -4,311 | -3.66% | +5,664 | +10,131 |
| Short TermDebt | -2,581 | -2.24% | -1,673 | +3,764 |
| Ultra Short TermDebt | -2,410 | -2.16% | +7,606 | +14,091 |
| Floating Interest RatesDebt | -1,483 | -2.82% | -1,673 | -7,738 |
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 2024 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Dec 2024; it is not a December 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 | 11.14 lakh Cr | 16.23% | -0.36 pp | 1 |
| ICICI Prudential Mutual Fund | 8.74 lakh Cr | 12.74% | +0.03 pp | 2 |
| HDFC Mutual Fund | 7.87 lakh Cr | 11.48% | +0.02 pp | 3 |
| Nippon India Mutual Fund | 5.70 lakh Cr | 8.31% | +0.01 pp | 4 |
| Kotak Mahindra Mutual Fund | 4.89 lakh Cr | 7.12% | +0.02 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.84 lakh Cr | 5.59% | -0.19 pp | 6 |
| UTI Mutual Fund | 3.52 lakh Cr | 5.14% | -0.04 pp | 7 |
| Axis Mutual Fund | 3.26 lakh Cr | 4.75% | +0.04 pp | 8 |
| Mirae Asset Mutual Fund | 1.94 lakh Cr | 2.83% | -0.06 pp | 9 |
| DSP Mutual Fund | 1.93 lakh Cr | 2.81% | +0.05 pp | 10 |
Biggest share gainers · quarter
- Motilal Oswal Mutual Fund+0.20 pp
- Invesco Mutual Fund+0.12 pp
- Bandhan Mutual Fund+0.09 pp
- PPFAS Mutual Fund+0.07 pp
- Tata Mutual Fund+0.05 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.36 pp
- Aditya Birla Sun Life Mutual Fund-0.19 pp
- Edelweiss Mutual Fund-0.06 pp
- Mirae Asset Mutual Fund-0.06 pp
- quant Mutual Fund-0.06 pp
Rank changes among the top 30
- Invesco Mutual Fund18 → 17
- quant Mutual Fund17 → 18
- JM Financial Mutual Fund30 → 29
- 360 ONE Mutual Fund29 → 30
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
26,459 CrNo year-ago figure published
SIP contribution · 12 months
—Not published for this period
SIP assets
13.63 lakh Cr20.4% of industry assets
Contributing SIP accounts
8.27 CrAccounts that paid in this month
Folios
22.50 Cr
+41.89 L on the month · +36.5% 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 · Dec 2024
34new schemes allotted
13,852 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 | 12 | 11,337 Cr | — |
| Index Funds | 12 | 1,361 Cr | — |
| Multi Asset Allocation Fund | 2 | 470 Cr | — |
| Arbitrage Fund | 1 | 249 Cr | — |
| Fixed Term Plan | 1 | 209 Cr | — |
| Long Duration Fund | 2 | 73.00 Cr | — |
| Childrens' Fund | 1 | 69.00 Cr | — |
| Multi Cap Fund | 1 | 65.00 Cr | — |
| Other ETFs | 2 | 19.00 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 · Dec 2024
1,067companies held
24AMCs reporting
1,524new positions
1,396complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Jio Financial Services Limited70 comparable portfolios 17
- 02 ETERNAL LIMITED238 comparable portfolios 17
- 03 IndusInd Bank Limited200 comparable portfolios 16
- 04 HDFC Life Insurance Company Limited152 comparable portfolios 16
- 05 Reliance Industries Limited294 comparable portfolios 16
- 06 Adani Enterprises Limited68 comparable portfolios 15
- 07 Asian Paints Limited116 comparable portfolios 15
- 08 Grasim Industries Limited122 comparable portfolios 15
- 09 Cipla Limited182 comparable portfolios 15
- 10 Axis Bank Limited263 comparable portfolios 15
Most AMCs reducing
↗CompanyAMCs
- 01 Tata Consultancy Services Limited251 comparable portfolios 14
- 02 Shriram Finance Limited152 comparable portfolios 13
- 03 Havells India Limited96 comparable portfolios 13
- 04 NTPC Limited247 comparable portfolios 13
- 05 Godrej Consumer Products Limited115 comparable portfolios 12
- 06 Cummins India Limited139 comparable portfolios 12
- 07 Vedanta Limited116 comparable portfolios 12
- 08 Coal India Limited150 comparable portfolios 12
- 09 ITC Limited233 comparable portfolios 12
- 10 ABB India Limited115 comparable portfolios 11
Largest comparable holding increases
↗CompanyShares
- 01 Vishal Mega Mart Limited— · 40 portfolios +26.35 Cr
- 02 ETERNAL LIMITED+8.0% · 238 portfolios +6.48 Cr
- 03 Yes Bank Limited+80.5% · 35 portfolios +5.04 Cr
- 04 NHPC Limited+13.9% · 51 portfolios +3.45 Cr
- 05 Jio Financial Services Limited+28.0% · 70 portfolios +3.09 Cr
- 06 Union Bank of India+24.4% · 61 portfolios +2.05 Cr
- 07 Reliance Industries Limited+2.4% · 294 portfolios +1.66 Cr
- 08 Steel Authority of India Limited+22.7% · 63 portfolios +1.60 Cr
- 09 Sai Life Sciences Limited— · 27 portfolios +1.55 Cr
- 10 PG Electroplast Limited+200.9% · 33 portfolios +1.53 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-16.9% · 52 portfolios -30.06 Cr
- 02 Suzlon Energy Limited-10.5% · 76 portfolios -5.29 Cr
- 03 Samvardhana Motherson International Limited-3.8% · 163 portfolios -2.23 Cr
- 04 Bajaj Housing Finance Limited-60.1% · 29 portfolios -2.00 Cr
- 05 Bharat Heavy Electricals Limited-10.7% · 101 portfolios -1.94 Cr
- 06 NTPC Limited-2.0% · 247 portfolios -1.82 Cr
- 07 RBL Bank Limited-38.6% · 51 portfolios -1.77 Cr
- 08 ITC Limited-1.6% · 233 portfolios -1.57 Cr
- 09 Power Finance Corporation Limited-7.8% · 147 portfolios -1.47 Cr
- 10 REC Limited-9.8% · 176 portfolios -1.47 Cr
Most new positions
↗CompanyPositions
- 01 Vishal Mega Mart Limited40 comparable portfolios 40
- 02 ETERNAL LIMITED238 comparable portfolios 36
- 03 Sai Life Sciences Limited27 comparable portfolios 27
- 04 Inventurus Knowledge Solutions Limited26 comparable portfolios 26
- 05 PB Fintech Limited121 comparable portfolios 23
- 06 PG Electroplast Limited33 comparable portfolios 22
- 07 Oil India Limited95 comparable portfolios 18
- 08 Onesource Specialty Pharma Limited16 comparable portfolios 16
- 09 KPIT Technologies Limited75 comparable portfolios 15
- 10 BSE Limited85 comparable portfolios 15
Most complete exits
↗CompanyExits
- 01 NTPC Limited247 comparable portfolios 21
- 02 RBL Bank Limited51 comparable portfolios 18
- 03 Hero MotoCorp Limited177 comparable portfolios 17
- 04 Bajaj Housing Finance Limited29 comparable portfolios 16
- 05 JSW Steel Limited108 comparable portfolios 15
- 06 Power Finance Corporation Limited147 comparable portfolios 15
- 07 Samvardhana Motherson International Limited163 comparable portfolios 15
- 08 REC Limited176 comparable portfolios 14
- 09 Voltas Limited129 comparable portfolios 14
- 10 ITC Limited233 comparable portfolios 13
Most widely held stocks
CompanyAMCs
- 01 Infosys Limited338 portfolios 23
- 02 Reliance Industries Limited337 portfolios 23
- 03 State Bank of India319 portfolios 23
- 04 Bharti Airtel Limited302 portfolios 23
- 05 Tata Consultancy Services Limited253 portfolios 23
- 06 Bharat Electronics Limited232 portfolios 23
- 07 HCL Technologies Limited224 portfolios 23
- 08 Hindustan Unilever Limited218 portfolios 23
- 09 Bajaj Finance Limited218 portfolios 23
- 10 Hindalco Industries Limited193 portfolios 23
Broader ownership
↗CompanyΔ AMCs
- 01 Zaggle Prepaid Ocean Services Limited6 AMCs now +5
- 02 NMDC Limited20 AMCs now +5
- 03 Tata Chemicals Limited17 AMCs now +4
- 04 PG Electroplast Limited11 AMCs now +4
- 05 Jio Financial Services Limited21 AMCs now +4
- 06 JSW Steel Limited22 AMCs now +3
- 07 Grasim Industries Limited22 AMCs now +3
- 08 Sona BLW Precision Forgings Limited17 AMCs now +3
- 09 Chambal Fertilizers & Chemicals Limited15 AMCs now +3
- 10 Oberoi Realty Limited17 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 RBL Bank Limited11 AMCs now -5
- 02 Bajaj Housing Finance Limited10 AMCs now -4
- 03 Siemens Limited16 AMCs now -3
- 04 L&T Finance Limited12 AMCs now -3
- 05 Ethos Limited5 AMCs now -2
- 06 UTI Asset Management Company Limited10 AMCs now -2
- 07 Godfrey Phillips India Limited7 AMCs now -2
- 08 Hindustan Zinc Limited11 AMCs now -2
- 09 PCBL Chemical Limited8 AMCs now -2
- 10 Tips Music Limited5 AMCs now -2
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 | Dec 2024 | Monthly | Aug 2026 |
| SIP contribution & assets | Dec 2024 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Dec 2024 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Dec 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 →