India mutual fund monitor
January 2025
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 Jan 2025 SIP Jan 2025 NFO Jan 2025 Fund-house assets Oct–Dec 2024 (quarterly) Holdings Jan 2025
AMFI monthly report, Jan 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -1.55 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 +39,688 Cr
- Debt +1.29 lakh Cr
- Hybrid +8,768 Cr
- Index funds & ETFs +10,178 Cr
- Overseas fund of funds +77.53 Cr
- Solution oriented +243 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +39,688 | +41,156 | +116,787 | +412,167 |
| Debt | +128,653 | -127,153 | +14,416 | +213,079 |
| Hybrid | +8,768 | +4,370 | +17,261 | +136,864 |
| Index funds & ETFs | +10,178 | +868 | +18,176 | +140,747 |
| Overseas fund of funds | +77.53 | -83.45 | -75.40 | -2,276 |
| Solution oriented | +243 | +333 | +896 | +3,195 |
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 · Jan 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +91,593 | +19.71% | +23,282 | +92,078 |
| Money MarketDebt | +21,916 | +9.52% | -1,501 | +82,576 |
| OvernightDebt | +18,937 | +25.53% | -1,392 | +2,916 |
| Sectoral / Thematic (combined)Equity | +9,017 | +1.91% | +32,006 | +159,954 |
| Small CapEquity | +5,721 | +1.74% | +14,500 | +36,687 |
| Flexi CapEquity | +5,698 | +1.30% | +15,512 | +44,212 |
| Index Funds (single category)Passive | +5,255 | +1.91% | +14,383 | +55,987 |
| Mid CapEquity | +5,148 | +1.29% | +15,125 | +37,389 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Short TermDebt | -2,066 | -1.82% | -5,101 | +1,920 |
| GiltDebt | -1,360 | -3.22% | +786 | +11,470 |
| Floating Interest RatesDebt | -1,129 | -2.20% | -2,954 | -10,088 |
| Credit RiskDebt | -294 | -1.42% | -845 | -4,685 |
| Medium TermDebt | -220 | -0.88% | -998 | -3,333 |
| Corporate BondDebt | -217 | -0.13% | +1,100 | +16,659 |
| Conservative HybridHybrid | -194 | -0.68% | -401 | -718 |
| Medium to Long TermDebt | -169 | -1.44% | -260 | +261 |
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 Jan 2025; it is not a January 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
26,400 CrNo year-ago figure published
SIP contribution · 12 months
—Not published for this period
SIP assets
13.20 lakh Cr19.6% of industry assets
Contributing SIP accounts
8.35 CrAccounts that paid in this month
Folios
22.92 Cr
+41.96 L on the month · +35.2% 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 · Jan 2025
12new schemes allotted
4,544 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 | 3 | 2,838 Cr | — |
| Small Cap Fund | 1 | 1,040 Cr | — |
| Short Duration Fund | 1 | 520 Cr | — |
| Index Funds | 4 | 71.00 Cr | — |
| Gilt Fund | 1 | 40.00 Cr | — |
| ELSS | 1 | 29.00 Cr | — |
| Other ETFs | 1 | 6.00 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 · Jan 2025
1,070companies held
27AMCs reporting
1,501new positions
1,483complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 ITC Hotels Limited181 comparable portfolios 21
- 02 Dr. Reddy's Laboratories Limited132 comparable portfolios 18
- 03 IPCA Laboratories Limited94 comparable portfolios 17
- 04 APL Apollo Tubes Limited76 comparable portfolios 17
- 05 Jio Financial Services Limited95 comparable portfolios 17
- 06 Axis Bank Limited287 comparable portfolios 17
- 07 Tata Consultancy Services Limited264 comparable portfolios 17
- 08 Lupin Limited154 comparable portfolios 16
- 09 PB Fintech Limited141 comparable portfolios 16
- 10 JSW Energy Limited65 comparable portfolios 16
Most AMCs reducing
↗CompanyAMCs
- 01 Bank of Baroda131 comparable portfolios 14
- 02 Bharat Heavy Electricals Limited92 comparable portfolios 13
- 03 Cholamandalam Investment and Finance Company Limited157 comparable portfolios 12
- 04 IndusInd Bank Limited222 comparable portfolios 12
- 05 Larsen & Toubro Limited310 comparable portfolios 12
- 06 SBI Life Insurance Company Limited153 comparable portfolios 12
- 07 Biocon Limited70 comparable portfolios 11
- 08 Muthoot Finance Limited91 comparable portfolios 11
- 09 Multi Commodity Exchange of India Limited105 comparable portfolios 11
- 10 Canara Bank87 comparable portfolios 11
Largest comparable holding increases
↗CompanyShares
- 01 ITC Hotels Limited— · 181 portfolios +9.34 Cr
- 02 Axis Bank Limited+13.5% · 287 portfolios +5.55 Cr
- 03 NMDC Limited+10.8% · 85 portfolios +4.27 Cr
- 04 GAIL (India) Limited+9.3% · 129 portfolios +3.46 Cr
- 05 AWL Agri Business Limited+8,355.8% · 20 portfolios +3.24 Cr
- 06 ETERNAL LIMITED+2.9% · 265 portfolios +2.72 Cr
- 07 NTPC Limited+2.6% · 257 portfolios +2.41 Cr
- 08 IDFC First Bank Limited+10.4% · 55 portfolios +2.41 Cr
- 09 Samvardhana Motherson International Limited+2.9% · 171 portfolios +2.19 Cr
- 10 IRB Infrastructure Developers Limited+7.4% · 37 portfolios +1.74 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-4.5% · 54 portfolios -6.63 Cr
- 02 ITC Limited-4.3% · 257 portfolios -4.45 Cr
- 03 Suzlon Energy Limited-9.0% · 72 portfolios -4.06 Cr
- 04 Motherson Sumi Wiring India Limited-7.1% · 55 portfolios -2.66 Cr
- 05 Zee Entertainment Enterprises Limited-47.8% · 32 portfolios -1.96 Cr
- 06 Reliance Industries Limited-2.0% · 340 portfolios -1.63 Cr
- 07 Bank of Baroda-6.8% · 131 portfolios -1.49 Cr
- 08 Poonawalla Fincorp Limited-58.8% · 31 portfolios -1.43 Cr
- 09 State Bank of India-2.2% · 320 portfolios -1.40 Cr
- 10 National Aluminium Company Limited-17.2% · 57 portfolios -1.37 Cr
Most new positions
↗CompanyPositions
- 01 ITC Hotels Limited181 comparable portfolios 181
- 02 BSE Limited103 comparable portfolios 18
- 03 Bajaj Finance Limited236 comparable portfolios 18
- 04 Indus Towers Limited144 comparable portfolios 16
- 05 ETERNAL LIMITED265 comparable portfolios 16
- 06 Grasim Industries Limited157 comparable portfolios 15
- 07 Laxmi Dental Limited15 comparable portfolios 15
- 08 Voltas Limited138 comparable portfolios 15
- 09 Apollo Hospitals Enterprise Limited171 comparable portfolios 15
- 10 The Indian Hotels Company Limited123 comparable portfolios 14
Most complete exits
↗CompanyExits
- 01 Waaree Energies Limited33 comparable portfolios 20
- 02 Kalyan Jewellers India Limited81 comparable portfolios 18
- 03 Tech Mahindra Limited227 comparable portfolios 16
- 04 ETERNAL LIMITED265 comparable portfolios 16
- 05 Dalmia Bharat Limited57 comparable portfolios 15
- 06 Voltas Limited138 comparable portfolios 13
- 07 Dixon Technologies (India) Limited168 comparable portfolios 13
- 08 LTM Limited143 comparable portfolios 12
- 09 Britannia Industries Limited135 comparable portfolios 12
- 10 InterGlobe Aviation Limited173 comparable portfolios 12
Most widely held stocks
CompanyAMCs
- 01 Infosys Limited352 portfolios 25
- 02 Reliance Industries Limited340 portfolios 25
- 03 Bharti Airtel Limited320 portfolios 25
- 04 Bajaj Finance Limited240 portfolios 25
- 05 Bharat Electronics Limited235 portfolios 25
- 06 HCL Technologies Limited231 portfolios 25
- 07 Hindustan Unilever Limited227 portfolios 25
- 08 ICICI Bank Limited385 portfolios 24
- 09 HDFC Bank Limited382 portfolios 24
- 10 State Bank of India317 portfolios 24
Broader ownership
↗CompanyΔ AMCs
- 01 Asian Paints Limited24 AMCs now +4
- 02 Sun Pharmaceutical Industries Limited23 AMCs now +3
- 03 Hitachi Energy India Limited21 AMCs now +3
- 04 IDFC First Bank Limited16 AMCs now +3
- 05 JSW Energy Limited18 AMCs now +3
- 06 Voltas Limited20 AMCs now +3
- 07 Persistent Systems Limited20 AMCs now +3
- 08 Bosch Limited18 AMCs now +3
- 09 Lupin Limited21 AMCs now +3
- 10 Divi's Laboratories Limited22 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 Dalmia Bharat Limited13 AMCs now -4
- 02 Chambal Fertilizers & Chemicals Limited11 AMCs now -4
- 03 Bajaj Housing Finance Limited6 AMCs now -4
- 04 Escorts Kubota Limited14 AMCs now -3
- 05 Waaree Energies Limited5 AMCs now -3
- 06 Indian Energy Exchange Limited14 AMCs now -2
- 07 Premier Energies Limited8 AMCs now -2
- 08 Honasa Consumer Limited6 AMCs now -2
- 09 Hyundai Motor India Limited13 AMCs now -2
- 10 Steel Authority of India Limited17 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 | Jan 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Jan 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Jan 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Jan 2025 | 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 →