India mutual fund monitor
July 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 Jul 2025 SIP Jul 2025 NFO Jul 2025 Fund-house assets Apr–Jun 2025 (quarterly) Holdings Jul 2025
AMFI monthly report, Jul 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -83,494 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 +42,702 Cr
- Debt +1.07 lakh Cr
- Hybrid +20,879 Cr
- Index funds & ETFs +8,063 Cr
- Overseas fund of funds +197 Cr
- Solution oriented +283 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +42,702 | +23,587 | +85,303 | +395,289 |
| Debt | +106,801 | -1,711 | +89,181 | +202,283 |
| Hybrid | +20,879 | +23,223 | +64,867 | +134,003 |
| Index funds & ETFs | +8,063 | +3,968 | +17,514 | +122,546 |
| Overseas fund of funds | +197 | +28.80 | +268 | -754 |
| Solution oriented | +283 | +206 | +666 | +3,042 |
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 · Jul 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Money MarketDebt | +44,574 | +15.33% | +65,281 | +82,685 |
| LiquidDebt | +39,355 | +7.87% | -26,047 | +12,627 |
| Ultra Short to Short TermDebt | +9,766 | +7.43% | +16,036 | +27,816 |
| Sectoral / Thematic (combined)Equity | +9,426 | +1.85% | +11,954 | +95,493 |
| OvernightDebt | +8,866 | +12.40% | -7,409 | +4,346 |
| Flexi CapEquity | +7,654 | +1.55% | +17,229 | +60,911 |
| ArbitrageHybrid | +7,296 | +2.93% | +38,582 | +59,662 |
| Small CapEquity | +6,484 | +1.83% | +13,723 | +50,090 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Banking and PSU DebtDebt | -662 | -0.80% | +61.00 | -3,712 |
| Long TermDebt | -416 | -2.03% | -396 | +3,554 |
| ELSS (Tax Saver)Equity | -368 | -0.15% | -1,602 | +809 |
| Credit RiskDebt | -272 | -1.33% | -688 | -3,559 |
| Medium to Long TermDebt | -221 | -1.87% | -243 | -297 |
| 10-year Constant Maturity GiltDebt | -126 | -2.56% | -226 | -134 |
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: Apr–Jun 2025 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Jul 2025; it is not a July 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 | 11.40 lakh Cr | 15.80% | -0.11 pp | 1 |
| ICICI Prudential Mutual Fund | 9.44 lakh Cr | 13.09% | +0.05 pp | 2 |
| HDFC Mutual Fund | 8.29 lakh Cr | 11.49% | +0.01 pp | 3 |
| Nippon India Mutual Fund | 6.13 lakh Cr | 8.49% | +0.23 pp | 4 |
| Kotak Mahindra Mutual Fund | 5.19 lakh Cr | 7.20% | +0.04 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 4.03 lakh Cr | 5.59% | -0.07 pp | 6 |
| UTI Mutual Fund | 3.61 lakh Cr | 5.00% | -0.04 pp | 7 |
| Axis Mutual Fund | 3.36 lakh Cr | 4.65% | -0.12 pp | 8 |
| Mirae Asset Mutual Fund | 1.98 lakh Cr | 2.75% | -0.01 pp | 9was 11 |
| DSP Mutual Fund | 1.98 lakh Cr | 2.74% | -0.04 pp | 10 |
Biggest share gainers · quarter
- Nippon India Mutual Fund+0.23 pp
- PPFAS Mutual Fund+0.10 pp
- Motilal Oswal Mutual Fund+0.07 pp
- ICICI Prudential Mutual Fund+0.05 pp
- Kotak Mahindra Mutual Fund+0.04 pp
Biggest share decliners · quarter
- Axis Mutual Fund-0.12 pp
- SBI Mutual Fund-0.11 pp
- Aditya Birla Sun Life Mutual Fund-0.07 pp
- Edelweiss Mutual Fund-0.06 pp
- Tata Mutual Fund-0.06 pp
Rank changes among the top 30
- Mirae Asset Mutual Fund11 → 9
- Tata Mutual Fund9 → 11
- PPFAS Mutual Fund18 → 16
- Franklin Templeton Mutual Fund15 → 17
- Invesco Mutual Fund16 → 15
- Canara Robeco Mutual Fund17 → 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
28,464 Cr+22.0% year on year
SIP contribution · 12 months
3.13 lakh CrNeeds 12 published months
SIP assets
15.19 lakh Cr20.2% of industry assets
Contributing SIP accounts
9.11 CrAccounts that paid in this month
Folios
24.57 Cr
+43.80 L on the month · +23.8% 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 · Jul 2025
30new schemes allotted
30,416 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Liquid Fund | 1 | 8,917 Cr | — |
| Sectoral/Thematic Funds | 7 | 7,404 Cr | — |
| Money Market Fund | 1 | 6,285 Cr | — |
| Overnight Fund | 2 | 2,877 Cr | — |
| Multi Asset Allocation Fund | 1 | 1,859 Cr | — |
| Small Cap Fund | 1 | 1,127 Cr | — |
| Low Duration Fund | 1 | 869 Cr | — |
| Index Funds | 6 | 526 Cr | — |
| Large & Mid Cap Fund | 1 | 293 Cr | — |
| Multi Cap Fund | 1 | 173 Cr | — |
| Other ETFs | 6 | 52.00 Cr | — |
| Equity Savings Fund | 1 | 28.00 Cr | — |
| GOLD 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 · Jul 2025
1,182companies held
29AMCs reporting
1,477new positions
1,449complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Mahindra & Mahindra Limited303 comparable portfolios 22
- 02 CG Power and Industrial Solutions Limited153 comparable portfolios 21
- 03 HDFC Life Insurance Company Limited211 comparable portfolios 21
- 04 Infosys Limited368 comparable portfolios 19
- 05 JSW Energy Limited84 comparable portfolios 18
- 06 Larsen & Toubro Limited321 comparable portfolios 18
- 07 Axis Bank Limited333 comparable portfolios 18
- 08 Tech Mahindra Limited239 comparable portfolios 18
- 09 ICICI Bank Limited418 comparable portfolios 18
- 10 Grasim Industries Limited162 comparable portfolios 17
Most AMCs reducing
↗CompanyAMCs
- 01 Aditya Birla Fashion and Retail Limited49 comparable portfolios 13
- 02 Dabur India Limited91 comparable portfolios 13
- 03 JK Cement Limited109 comparable portfolios 13
- 04 ICICI Lombard General Insurance Company Limited173 comparable portfolios 13
- 05 Maruti Suzuki India Limited266 comparable portfolios 13
- 06 HDFC Bank Limited429 comparable portfolios 13
- 07 ACC Limited61 comparable portfolios 12
- 08 Indus Towers Limited131 comparable portfolios 12
- 09 ABB India Limited116 comparable portfolios 12
- 10 GE Vernova T&D India Limited133 comparable portfolios 12
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+15.6% · 53 portfolios +37.35 Cr
- 02 State Bank of India+10.9% · 346 portfolios +7.32 Cr
- 03 Yes Bank Limited+21.0% · 50 portfolios +7.24 Cr
- 04 Tata Steel Limited+4.6% · 193 portfolios +4.27 Cr
- 05 HDB Financial Services Limited+295.0% · 70 portfolios +3.72 Cr
- 06 FSN E-Commerce Ventures Limited+13.9% · 96 portfolios +3.63 Cr
- 07 Brigade Hotel Ventures Limited— · 11 portfolios +3.47 Cr
- 08 Canara Bank+14.1% · 101 portfolios +3.01 Cr
- 09 NMDC Limited+7.0% · 88 portfolios +2.76 Cr
- 10 Ujjivan Small Finance Bank Limited+13.5% · 32 portfolios +2.26 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Samvardhana Motherson International Limited-2.0% · 173 portfolios -2.25 Cr
- 02 Indian Energy Exchange Limited-12.8% · 73 portfolios -2.23 Cr
- 03 Motherson Sumi Wiring India Limited-3.8% · 50 portfolios -1.87 Cr
- 04 Indian Oil Corporation Limited-8.4% · 79 portfolios -1.86 Cr
- 05 Oil & Natural Gas Corporation Limited-3.3% · 160 portfolios -1.85 Cr
- 06 NTPC Limited-1.6% · 269 portfolios -1.64 Cr
- 07 Ashok Leyland Limited-5.3% · 72 portfolios -1.37 Cr
- 08 Hindustan Copper Limited-81.3% · 42 portfolios -1.32 Cr
- 09 Paradeep Phosphates Limited-10.6% · 20 portfolios -1.25 Cr
- 10 Steel Authority of India Limited-9.2% · 70 portfolios -1.12 Cr
Most new positions
↗CompanyPositions
- 01 Anthem Biosciences Limited44 comparable portfolios 44
- 02 HDB Financial Services Limited70 comparable portfolios 29
- 03 Aditya Infotech Limited27 comparable portfolios 27
- 04 Gabriel India Limited43 comparable portfolios 21
- 05 State Bank of India346 comparable portfolios 17
- 06 Cholamandalam Investment and Finance Company Limited195 comparable portfolios 17
- 07 L&T Finance Limited65 comparable portfolios 17
- 08 Swiggy Limited121 comparable portfolios 15
- 09 CG Power and Industrial Solutions Limited153 comparable portfolios 15
- 10 Mahindra & Mahindra Limited303 comparable portfolios 15
Most complete exits
↗CompanyExits
- 01 ACC Limited61 comparable portfolios 22
- 02 Aarti Industries Limited45 comparable portfolios 20
- 03 Indian Energy Exchange Limited73 comparable portfolios 19
- 04 Hindustan Copper Limited42 comparable portfolios 19
- 05 Tata Communications Limited62 comparable portfolios 18
- 06 Raymond Realty Limited19 comparable portfolios 17
- 07 Chambal Fertilizers & Chemicals Limited37 comparable portfolios 16
- 08 Mankind Pharma Limited123 comparable portfolios 16
- 09 Cipla Limited212 comparable portfolios 15
- 10 Piramal Enterprises Limited41 comparable portfolios 15
Most widely held stocks
CompanyAMCs
- 01 Bharti Airtel Limited367 portfolios 29
- 02 HDFC Bank Limited442 portfolios 28
- 03 Infosys Limited377 portfolios 28
- 04 Reliance Industries Limited366 portfolios 28
- 05 Bajaj Finance Limited292 portfolios 28
- 06 Bharat Electronics Limited291 portfolios 28
- 07 HDFC Life Insurance Company Limited227 portfolios 28
- 08 ICICI Bank Limited423 portfolios 27
- 09 State Bank of India363 portfolios 27
- 10 Axis Bank Limited333 portfolios 27
Broader ownership
↗CompanyΔ AMCs
- 01 Gland Pharma Limited15 AMCs now +3
- 02 Greenpanel Industries Limited10 AMCs now +3
- 03 PB Fintech Limited24 AMCs now +3
- 04 Poonawalla Fincorp Limited13 AMCs now +3
- 05 Crisil Limited19 AMCs now +2
- 06 Bharat Petroleum Corporation Limited23 AMCs now +2
- 07 Karur Vysya Bank Limited19 AMCs now +2
- 08 Grasim Industries Limited27 AMCs now +2
- 09 Castrol India Limited16 AMCs now +2
- 10 Procter & Gamble Hygiene and Health Care Limited9 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Chambal Fertilizers & Chemicals Limited10 AMCs now -7
- 02 Hindustan Copper Limited10 AMCs now -6
- 03 Piramal Enterprises Limited11 AMCs now -5
- 04 Raymond Realty Limited2 AMCs now -5
- 05 ACC Limited14 AMCs now -4
- 06 Indian Energy Exchange Limited17 AMCs now -4
- 07 Tata Communications Limited14 AMCs now -4
- 08 Aarti Industries Limited11 AMCs now -4
- 09 Mahindra & Mahindra Financial Services Limited15 AMCs now -4
- 10 Mahanagar Gas Limited15 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 | Jul 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Jul 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Jul 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Apr–Jun 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Jul 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 →