India mutual fund monitor
February 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 Feb 2025 SIP Feb 2025 NFO Feb 2025 Fund-house assets Oct–Dec 2024 (quarterly) Holdings Feb 2025
AMFI monthly report, Feb 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -3.12 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 +29,303 Cr
- Debt -6,526 Cr
- Hybrid +6,804 Cr
- Index funds & ETFs +10,003 Cr
- Overseas fund of funds +246 Cr
- Solution oriented +246 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +29,303 | +39,688 | +110,147 | +414,604 |
| Debt | -6,526 | +128,653 | -5,026 | +142,745 |
| Hybrid | +6,804 | +8,768 | +19,941 | +125,563 |
| Index funds & ETFs | +10,003 | +10,178 | +21,049 | +140,755 |
| Overseas fund of funds | +246 | +77.53 | +240 | -1,791 |
| Solution oriented | +246 | +243 | +823 | +3,258 |
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 · Feb 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Sectoral / Thematic (combined)Equity | +5,712 | +1.24% | +30,060 | +154,403 |
| Flexi CapEquity | +5,104 | +1.19% | +15,533 | +46,703 |
| LiquidDebt | +4,977 | +0.89% | +30,038 | +13,412 |
| Index Funds (single category)Passive | +4,177 | +1.51% | +14,218 | +57,627 |
| Other ETFs (single category)Passive | +3,846 | +0.50% | +459 | +67,825 |
| Small CapEquity | +3,722 | +1.22% | +14,111 | +37,487 |
| ArbitrageHybrid | +3,592 | +1.79% | +7,475 | +53,357 |
| Mid CapEquity | +3,407 | +0.91% | +13,648 | +38,988 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Ultra Short TermDebt | -4,281 | -3.84% | -5,643 | +8,283 |
| Money MarketDebt | -3,276 | -1.29% | -7,203 | +79,163 |
| Ultra Short to Short TermDebt | -2,825 | -2.44% | -6,470 | +9,957 |
| OvernightDebt | -2,264 | -2.42% | -5,675 | +18,028 |
| Floating Interest RatesDebt | -343 | -0.68% | -2,955 | -6,820 |
| GiltDebt | -278 | -0.68% | -1,295 | +10,652 |
| Credit RiskDebt | -198 | -0.96% | -847 | -4,517 |
| Medium TermDebt | -178 | -0.71% | -975 | -3,123 |
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 Feb 2025; it is not a February 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
25,999 CrNo year-ago figure published
SIP contribution · 12 months
—Not published for this period
SIP assets
12.38 lakh Cr19.2% of industry assets
Contributing SIP accounts
8.26 CrAccounts that paid in this month
Folios
23.23 Cr
+30.81 L on the month · +33.3% 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 · Feb 2025
29new schemes allotted
4,029 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 | 7 | 2,072 Cr | — |
| Index Funds | 12 | 671 Cr | — |
| Multi Asset Allocation Fund | 1 | 445 Cr | — |
| Multi Cap Fund | 1 | 423 Cr | — |
| Money Market Fund | 1 | 281 Cr | — |
| Fixed Term Plan | 1 | 72.00 Cr | — |
| Other ETFs | 5 | 54.00 Cr | — |
| GOLD ETFs | 1 | 11.00 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 · Feb 2025
1,076companies held
26AMCs reporting
1,245new positions
1,616complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 HDFC Bank Limited390 comparable portfolios 20
- 02 ITC Limited257 comparable portfolios 20
- 03 Titan Company Limited188 comparable portfolios 20
- 04 Tata Consultancy Services Limited278 comparable portfolios 20
- 05 Reliance Industries Limited342 comparable portfolios 20
- 06 Asian Paints Limited137 comparable portfolios 19
- 07 Apollo Hospitals Enterprise Limited182 comparable portfolios 19
- 08 Hero MotoCorp Limited187 comparable portfolios 19
- 09 Kotak Mahindra Bank Limited278 comparable portfolios 19
- 10 REC Limited171 comparable portfolios 18
Most AMCs reducing
↗CompanyAMCs
- 01 IndusInd Bank Limited239 comparable portfolios 15
- 02 Bharti Airtel Limited328 comparable portfolios 13
- 03 Bharat Heavy Electricals Limited89 comparable portfolios 12
- 04 ITC Hotels Limited188 comparable portfolios 11
- 05 Cipla Limited196 comparable portfolios 11
- 06 Bharat Electronics Limited236 comparable portfolios 11
- 07 Larsen & Toubro Limited309 comparable portfolios 11
- 08 Bajaj Finance Limited257 comparable portfolios 11
- 09 Coromandel International Limited105 comparable portfolios 10
- 10 Tata Power Company Limited145 comparable portfolios 10
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+8.4% · 53 portfolios +11.89 Cr
- 02 Samvardhana Motherson International Limited+9.8% · 172 portfolios +7.48 Cr
- 03 IDFC First Bank Limited+16.3% · 58 portfolios +4.17 Cr
- 04 Power Grid Corporation of India Limited+3.8% · 190 portfolios +3.25 Cr
- 05 HDFC Bank Limited+3.3% · 390 portfolios +3.21 Cr
- 06 Hexaware Technologies Limited— · 25 portfolios +3.08 Cr
- 07 Yes Bank Limited+22.6% · 38 portfolios +2.93 Cr
- 08 ETERNAL LIMITED+2.4% · 259 portfolios +2.32 Cr
- 09 Axis Bank Limited+4.0% · 292 portfolios +1.88 Cr
- 10 Varun Beverages Limited+17.5% · 143 portfolios +1.71 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 ITC Hotels Limited-46.3% · 188 portfolios -4.33 Cr
- 02 Suzlon Energy Limited-9.7% · 72 portfolios -3.98 Cr
- 03 Punjab National Bank-6.0% · 85 portfolios -2.62 Cr
- 04 City Union Bank Limited-10.7% · 60 portfolios -1.48 Cr
- 05 Indian Oil Corporation Limited-5.8% · 73 portfolios -1.34 Cr
- 06 Manappuram Finance Limited-27.1% · 45 portfolios -1.13 Cr
- 07 The Federal Bank Limited-2.2% · 145 portfolios -1.05 Cr
- 08 Bank of India-5.5% · 61 portfolios -99.48 L
- 09 State Bank of India-1.5% · 320 portfolios -95.98 L
- 10 Bharti Airtel Limited-2.5% · 328 portfolios -92.40 L
Most new positions
↗CompanyPositions
- 01 SBI Cards and Payment Services Limited98 comparable portfolios 28
- 02 Hexaware Technologies Limited25 comparable portfolios 25
- 03 Bajaj Finance Limited257 comparable portfolios 18
- 04 Avenue Supermarts Limited123 comparable portfolios 16
- 05 Hero MotoCorp Limited187 comparable portfolios 15
- 06 Kotak Mahindra Bank Limited278 comparable portfolios 14
- 07 Maruti Suzuki India Limited241 comparable portfolios 14
- 08 Tech Mahindra Limited234 comparable portfolios 14
- 09 IndusInd Bank Limited239 comparable portfolios 13
- 10 Quality Power Electrical Equipments Limited13 comparable portfolios 13
Most complete exits
↗CompanyExits
- 01 ITC Hotels Limited188 comparable portfolios 127
- 02 Voltas Limited137 comparable portfolios 23
- 03 Bajaj Finance Limited257 comparable portfolios 21
- 04 City Union Bank Limited60 comparable portfolios 17
- 05 Navin Fluorine International Limited71 comparable portfolios 16
- 06 Abbott India Limited97 comparable portfolios 15
- 07 Hindustan Unilever Limited237 comparable portfolios 14
- 08 Atul Limited44 comparable portfolios 14
- 09 Gujarat Narmada Valley Fertilizers and Chemicals Limited28 comparable portfolios 13
- 10 Coromandel International Limited105 comparable portfolios 13
Most widely held stocks
CompanyAMCs
- 01 Reliance Industries Limited341 portfolios 25
- 02 Bharti Airtel Limited327 portfolios 25
- 03 NTPC Limited260 portfolios 25
- 04 Bajaj Finance Limited238 portfolios 25
- 05 HDFC Bank Limited391 portfolios 24
- 06 ICICI Bank Limited390 portfolios 24
- 07 Infosys Limited353 portfolios 24
- 08 State Bank of India315 portfolios 24
- 09 Kotak Mahindra Bank Limited281 portfolios 24
- 10 ITC Limited252 portfolios 24
Broader ownership
↗CompanyΔ AMCs
- 01 SBI Cards and Payment Services Limited18 AMCs now +4
- 02 Siemens Limited20 AMCs now +3
- 03 Bharat Petroleum Corporation Limited23 AMCs now +3
- 04 Cyient Limited16 AMCs now +3
- 05 IIFL Finance Limited13 AMCs now +3
- 06 UPL Limited18 AMCs now +3
- 07 SRF Limited17 AMCs now +3
- 08 Astral Limited19 AMCs now +2
- 09 REC Limited23 AMCs now +2
- 10 Bank of India17 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Gujarat Narmada Valley Fertilizers and Chemicals Limited7 AMCs now -6
- 02 ITC Hotels Limited16 AMCs now -6
- 03 Navin Fluorine International Limited13 AMCs now -4
- 04 Tata Chemicals Limited14 AMCs now -4
- 05 Atul Limited10 AMCs now -4
- 06 Coromandel International Limited19 AMCs now -4
- 07 City Union Bank Limited13 AMCs now -4
- 08 PVR INOX Limited12 AMCs now -3
- 09 Can Fin Homes Limited12 AMCs now -3
- 10 NCC Limited13 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 | Feb 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Feb 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Feb 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2024 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Feb 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 →