India mutual fund monitor
April 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 Apr 2025 SIP Apr 2025 NFO Apr 2025 Fund-house assets Jan–Mar 2025 (quarterly) Holdings Apr 2025
AMFI monthly report, Apr 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +1.49 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 +24,269 Cr
- Debt +2.19 lakh Cr
- Hybrid +14,248 Cr
- Index funds & ETFs +20,606 Cr
- Overseas fund of funds -377 Cr
- Solution oriented +206 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +24,269 | +25,082 | +78,655 | +422,405 |
| Debt | +219,136 | -202,663 | +9,948 | +167,626 |
| Hybrid | +14,248 | -947 | +20,105 | +113,417 |
| Index funds & ETFs | +20,606 | +14,385 | +44,994 | +151,116 |
| Overseas fund of funds | -377 | -237 | -367 | -2,071 |
| Solution oriented | +206 | +241 | +693 | +3,251 |
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 · Apr 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +118,656 | +27.10% | -9,401 | +54,254 |
| Money MarketDebt | +31,507 | +13.54% | +6,930 | +64,005 |
| Ultra Short TermDebt | +26,734 | +27.13% | +12,806 | +23,400 |
| OvernightDebt | +23,900 | +38.27% | -8,380 | -2,291 |
| Other ETFs (single category)Passive | +19,057 | +2.44% | +33,864 | +81,537 |
| ArbitrageHybrid | +11,790 | +5.78% | +12,528 | +48,689 |
| Ultra Short to Short TermDebt | +9,371 | +8.30% | +5,162 | +16,343 |
| Flexi CapEquity | +5,542 | +1.27% | +16,261 | +52,949 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| GiltDebt | -425 | -1.04% | -1,462 | +4,797 |
| Fund of Funds investing overseasFof Overseas | -377 | -1.51% | -367 | -2,071 |
| ELSS (Tax Saver)Equity | -372 | -0.16% | +978 | +1,078 |
| Credit RiskDebt | -302 | -1.47% | -794 | -4,433 |
| Conservative HybridHybrid | -236 | -0.84% | -589 | -1,197 |
| Aggressive / Balanced Hybrid (combined)Hybrid | -151 | -0.07% | +452 | +4,822 |
| Equity SavingsHybrid | -142 | -0.34% | -613 | +9,428 |
| 10-year Constant Maturity GiltDebt | -38.74 | -0.78% | -52.53 | -638 |
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 2025 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Apr 2025; it is not a April 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 | 10.73 lakh Cr | 15.91% | -0.32 pp | 1 |
| ICICI Prudential Mutual Fund | 8.79 lakh Cr | 13.04% | +0.31 pp | 2 |
| HDFC Mutual Fund | 7.74 lakh Cr | 11.48% | +0.00 pp | 3 |
| Nippon India Mutual Fund | 5.57 lakh Cr | 8.26% | -0.04 pp | 4 |
| Kotak Mahindra Mutual Fund | 4.83 lakh Cr | 7.16% | +0.03 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 3.82 lakh Cr | 5.66% | +0.07 pp | 6 |
| UTI Mutual Fund | 3.40 lakh Cr | 5.04% | -0.10 pp | 7 |
| Axis Mutual Fund | 3.22 lakh Cr | 4.77% | +0.02 pp | 8 |
| Tata Mutual Fund | 1.88 lakh Cr | 2.78% | +0.05 pp | 9was 11 |
| DSP Mutual Fund | 1.87 lakh Cr | 2.78% | -0.03 pp | 10 |
Biggest share gainers · quarter
- ICICI Prudential Mutual Fund+0.31 pp
- Motilal Oswal Mutual Fund+0.12 pp
- PPFAS Mutual Fund+0.11 pp
- Aditya Birla Sun Life Mutual Fund+0.07 pp
- Tata Mutual Fund+0.05 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.32 pp
- UTI Mutual Fund-0.10 pp
- quant Mutual Fund-0.09 pp
- Mirae Asset Mutual Fund-0.07 pp
- HSBC Mutual Fund-0.06 pp
Rank changes among the top 30
- Tata Mutual Fund11 → 9
- Mirae Asset Mutual Fund9 → 11
- quant Mutual Fund18 → 20
- Invesco Mutual Fund17 → 16
- Canara Robeco Mutual Fund16 → 17
- PPFAS Mutual Fund19 → 18
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
26,632 CrNo year-ago figure published
SIP contribution · 12 months
—Not published for this period
SIP assets
13.90 lakh Cr19.9% of industry assets
Contributing SIP accounts
8.38 CrAccounts that paid in this month
Folios
23.63 Cr
+17.87 L on the month · +30.2% 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 · Apr 2025
7new schemes allotted
350 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 | 171 Cr | — |
| Index Funds | 2 | 65.00 Cr | — |
| Overnight Fund | 1 | 53.00 Cr | — |
| Arbitrage Fund | 1 | 48.00 Cr | — |
| Other ETFs | 2 | 13.00 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 · Apr 2025
1,065companies held
27AMCs reporting
1,269new positions
1,172complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Axis Bank Limited306 comparable portfolios 20
- 02 Tata Steel Limited177 comparable portfolios 19
- 03 UltraTech Cement Limited223 comparable portfolios 18
- 04 Kotak Mahindra Bank Limited298 comparable portfolios 18
- 05 Shriram Finance Limited175 comparable portfolios 18
- 06 IDFC First Bank Limited69 comparable portfolios 17
- 07 Coforge Limited194 comparable portfolios 17
- 08 Bharat Heavy Electricals Limited86 comparable portfolios 16
- 09 Patanjali Foods Limited39 comparable portfolios 16
- 10 JSW Steel Limited120 comparable portfolios 16
Most AMCs reducing
↗CompanyAMCs
- 01 GMR AIRPORTS LIMITED55 comparable portfolios 13
- 02 Tata Motors Passenger Vehicles Limited208 comparable portfolios 13
- 03 Astral Limited69 comparable portfolios 12
- 04 Vedanta Limited135 comparable portfolios 12
- 05 The Indian Hotels Company Limited135 comparable portfolios 12
- 06 Marico Limited103 comparable portfolios 12
- 07 Coal India Limited151 comparable portfolios 12
- 08 Jio Financial Services Limited124 comparable portfolios 12
- 09 Trent Limited205 comparable portfolios 12
- 10 Eicher Motors Limited146 comparable portfolios 12
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+13.2% · 55 portfolios +24.84 Cr
- 02 IDFC First Bank Limited+38.3% · 69 portfolios +13.85 Cr
- 03 Ujjivan Small Finance Bank Limited+44.2% · 27 portfolios +3.57 Cr
- 04 Tata Steel Limited+4.1% · 177 portfolios +3.45 Cr
- 05 NBCC (India) Limited+35.5% · 30 portfolios +2.51 Cr
- 06 Samvardhana Motherson International Limited+2.8% · 178 portfolios +2.43 Cr
- 07 Punjab National Bank+5.5% · 88 portfolios +2.29 Cr
- 08 GMR AIRPORTS LIMITED+11.4% · 55 portfolios +2.23 Cr
- 09 Bank of Baroda+9.7% · 134 portfolios +2.07 Cr
- 10 RBL Bank Limited+26.2% · 49 portfolios +2.00 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 ITC Limited-4.5% · 245 portfolios -4.54 Cr
- 02 NMDC Limited-4.6% · 83 portfolios -2.04 Cr
- 03 Power Grid Corporation of India Limited-2.2% · 189 portfolios -1.92 Cr
- 04 Ola Electric Mobility Limited-33.5% · 23 portfolios -1.81 Cr
- 05 Indraprastha Gas Limited-22.4% · 50 portfolios -1.60 Cr
- 06 Bharat Electronics Limited-2.3% · 240 portfolios -1.48 Cr
- 07 GAIL (India) Limited-2.6% · 134 portfolios -1.18 Cr
- 08 Vedanta Limited-7.5% · 135 portfolios -1.18 Cr
- 09 Ashok Leyland Limited-8.7% · 59 portfolios -1.12 Cr
- 10 Karur Vysya Bank Limited-7.1% · 60 portfolios -1.09 Cr
Most new positions
↗CompanyPositions
- 01 Siemens Energy India Limited98 comparable portfolios 98
- 02 InterGlobe Aviation Limited200 comparable portfolios 23
- 03 Bluspring Enterprises Limited19 comparable portfolios 19
- 04 Digitide Solutions Limited19 comparable portfolios 19
- 05 The Federal Bank Limited150 comparable portfolios 13
- 06 Axis Bank Limited306 comparable portfolios 13
- 07 Sundram Fasteners Limited37 comparable portfolios 13
- 08 Avenue Supermarts Limited132 comparable portfolios 12
- 09 Max Financial Services Limited113 comparable portfolios 11
- 10 Supreme Industries Limited67 comparable portfolios 11
Most complete exits
↗CompanyExits
- 01 IndusInd Bank Limited205 comparable portfolios 23
- 02 Maruti Suzuki India Limited250 comparable portfolios 23
- 03 Siemens Limited129 comparable portfolios 19
- 04 Voltas Limited117 comparable portfolios 17
- 05 Quess Corp Limited33 comparable portfolios 16
- 06 Dixon Technologies (India) Limited177 comparable portfolios 14
- 07 ITC Limited245 comparable portfolios 13
- 08 ICICI Prudential Life Insurance Company Limited100 comparable portfolios 13
- 09 Zydus Lifesciences Limited82 comparable portfolios 12
- 10 Colgate Palmolive (India) Limited92 comparable portfolios 12
Most widely held stocks
CompanyAMCs
- 01 Infosys Limited351 portfolios 26
- 02 Reliance Industries Limited348 portfolios 26
- 03 Bharti Airtel Limited330 portfolios 26
- 04 InterGlobe Aviation Limited197 portfolios 26
- 05 HDFC Life Insurance Company Limited182 portfolios 26
- 06 HDFC Bank Limited399 portfolios 25
- 07 ICICI Bank Limited399 portfolios 25
- 08 Axis Bank Limited311 portfolios 25
- 09 Kotak Mahindra Bank Limited300 portfolios 25
- 10 NTPC Limited265 portfolios 25
Broader ownership
↗CompanyΔ AMCs
- 01 Patanjali Foods Limited19 AMCs now +5
- 02 Wipro Limited23 AMCs now +3
- 03 IDFC First Bank Limited19 AMCs now +3
- 04 Bharat Heavy Electricals Limited21 AMCs now +3
- 05 Kalyan Jewellers India Limited17 AMCs now +3
- 06 PB Fintech Limited21 AMCs now +3
- 07 Ujjivan Small Finance Bank Limited10 AMCs now +3
- 08 SBI Cards and Payment Services Limited22 AMCs now +2
- 09 Fortis Healthcare Limited16 AMCs now +2
- 10 SHREE CEMENT LIMITED19 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Quess Corp Limited4 AMCs now -6
- 02 Siemens Limited16 AMCs now -4
- 03 ITC Hotels Limited14 AMCs now -3
- 04 Praj Industries Limited15 AMCs now -2
- 05 Aavas Financiers Limited13 AMCs now -2
- 06 Voltas Limited18 AMCs now -2
- 07 Sonata Software Limited13 AMCs now -2
- 08 KEC International Limited13 AMCs now -2
- 09 Vinati Organics Limited8 AMCs now -2
- 10 City Union Bank Limited12 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 | Apr 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Apr 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Apr 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Apr 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 →