India mutual fund monitor
October 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 Oct 2025 SIP Oct 2025 NFO Oct 2025 Fund-house assets Jul–Sep 2025 (quarterly) Holdings Oct 2025
AMFI monthly report, Oct 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +2.11 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 +24,690 Cr
- Debt +1.60 lakh Cr
- Hybrid +14,156 Cr
- Index funds & ETFs +15,854 Cr
- Overseas fund of funds +814 Cr
- Solution oriented +261 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +24,690 | +30,422 | +88,542 | +369,287 |
| Debt | +159,958 | -101,977 | +50,001 | +163,546 |
| Hybrid | +14,156 | +9,397 | +38,847 | +141,080 |
| Index funds & ETFs | +15,854 | +18,095 | +44,885 | +125,570 |
| Overseas fund of funds | +814 | +962 | +2,277 | +2,102 |
| Solution oriented | +261 | +286 | +867 | +3,123 |
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 · Oct 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +89,375 | +19.12% | +9,983 | -2,183 |
| OvernightDebt | +24,051 | +26.40% | +33,280 | +16,100 |
| Money MarketDebt | +17,916 | +5.52% | +2,227 | +72,937 |
| Ultra Short TermDebt | +15,067 | +12.16% | +1,834 | +23,308 |
| Flexi CapEquity | +8,929 | +1.76% | +23,637 | +72,640 |
| Gold ETFPassive | +7,743 | +8.59% | +18,296 | +29,470 |
| Ultra Short to Short TermDebt | +7,517 | +5.27% | +6,740 | +28,667 |
| ArbitrageHybrid | +6,920 | +2.62% | +12,598 | +66,238 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Long TermDebt | -943 | -4.70% | -944 | -978 |
| GiltDebt | -931 | -2.32% | -2,474 | -2,561 |
| ELSS (Tax Saver)Equity | -666 | -0.27% | -914 | +64.79 |
| Floating Interest RatesDebt | -263 | -0.52% | -1,993 | -5,759 |
| Dynamic TermDebt | -233 | -0.62% | -108 | -177 |
| Dividend YieldEquity | -179 | -0.56% | -521 | +568 |
| Credit RiskDebt | -83.78 | -0.42% | -583 | -2,910 |
| 10-year Constant Maturity GiltDebt | -24.61 | -0.49% | +142 | -164 |
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: Jul–Sep 2025 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Oct 2025; it is not a October 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 | 12.00 lakh Cr | 15.55% | -0.25 pp | 1 |
| ICICI Prudential Mutual Fund | 10.15 lakh Cr | 13.15% | +0.06 pp | 2 |
| HDFC Mutual Fund | 8.81 lakh Cr | 11.43% | -0.06 pp | 3 |
| Nippon India Mutual Fund | 6.57 lakh Cr | 8.51% | +0.02 pp | 4 |
| Kotak Mahindra Mutual Fund | 5.56 lakh Cr | 7.21% | +0.01 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 4.25 lakh Cr | 5.51% | -0.08 pp | 6 |
| UTI Mutual Fund | 3.78 lakh Cr | 4.91% | -0.10 pp | 7 |
| Axis Mutual Fund | 3.51 lakh Cr | 4.55% | -0.10 pp | 8 |
| Tata Mutual Fund | 2.17 lakh Cr | 2.81% | +0.09 pp | 9was 11 |
| DSP Mutual Fund | 2.11 lakh Cr | 2.74% | -0.00 pp | 10 |
Biggest share gainers · quarter
- Motilal Oswal Mutual Fund+0.13 pp
- PPFAS Mutual Fund+0.10 pp
- Tata Mutual Fund+0.09 pp
- ICICI Prudential Mutual Fund+0.06 pp
- Invesco Mutual Fund+0.05 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.25 pp
- Axis Mutual Fund-0.10 pp
- UTI Mutual Fund-0.10 pp
- Aditya Birla Sun Life Mutual Fund-0.08 pp
- HDFC Mutual Fund-0.06 pp
Rank changes among the top 30
- Tata Mutual Fund11 → 9
- Mirae Asset Mutual Fund9 → 11
- PPFAS Mutual Fund16 → 15
- Invesco Mutual Fund15 → 16
- Motilal Oswal Mutual Fund19 → 18
- Canara Robeco Mutual Fund18 → 19
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
29,529 Cr+16.6% year on year
SIP contribution · 12 months
3.26 lakh CrNeeds 12 published months
SIP assets
16.25 lakh Cr20.3% of industry assets
Contributing SIP accounts
9.45 CrAccounts that paid in this month
Folios
25.60 Cr
+40.81 L on the month · +18.2% 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 · Oct 2025
18new schemes allotted
6,062 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 | 4 | 2,489 Cr | — |
| Flexi Cap Fund | 2 | 1,684 Cr | — |
| Liquid Fund | 1 | 1,439 Cr | — |
| Arbitrage Fund | 1 | 255 Cr | — |
| Index Funds | 2 | 136 Cr | — |
| Other ETFs | 8 | 59.00 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 · Oct 2025
1,221companies held
31AMCs reporting
1,469new positions
1,299complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Titan Company Limited196 comparable portfolios 20
- 02 Larsen & Toubro Limited310 comparable portfolios 20
- 03 ICICI Bank Limited385 comparable portfolios 20
- 04 Tata Motors Limited121 comparable portfolios 19
- 05 Tata Steel Limited195 comparable portfolios 19
- 06 ITC Limited251 comparable portfolios 18
- 07 State Bank of India333 comparable portfolios 18
- 08 HDFC Bank Limited398 comparable portfolios 18
- 09 LG Electronics India Limited100 comparable portfolios 17
- 10 Varun Beverages Limited164 comparable portfolios 17
Most AMCs reducing
↗CompanyAMCs
- 01 Tata Consultancy Services Limited259 comparable portfolios 17
- 02 Tata Motors Passenger Vehicles Limited156 comparable portfolios 16
- 03 CG Power and Industrial Solutions Limited141 comparable portfolios 14
- 04 Reliance Industries Limited331 comparable portfolios 14
- 05 Bajaj Finance Limited268 comparable portfolios 14
- 06 Oil & Natural Gas Corporation Limited135 comparable portfolios 13
- 07 Infosys Limited330 comparable portfolios 13
- 08 Bharti Airtel Limited338 comparable portfolios 13
- 09 Mankind Pharma Limited107 comparable portfolios 12
- 10 Coal India Limited128 comparable portfolios 12
Largest comparable holding increases
↗CompanyShares
- 01 Ujjivan Small Finance Bank Limited+39.2% · 46 portfolios +8.62 Cr
- 02 Yes Bank Limited+19.2% · 42 portfolios +8.57 Cr
- 03 Tata Motors Limited— · 121 portfolios +5.92 Cr
- 04 Canara HSBC Life Insurance Company Limited— · 13 portfolios +4.19 Cr
- 05 IDFC First Bank Limited+7.1% · 73 portfolios +3.72 Cr
- 06 Tata Capital Limited— · 38 portfolios +3.34 Cr
- 07 Tata Steel Limited+6.5% · 195 portfolios +3.16 Cr
- 08 ITC Limited+3.6% · 251 portfolios +2.65 Cr
- 09 Aditya Birla Lifestyle Brands Limited+25.4% · 27 portfolios +2.12 Cr
- 10 Punjab National Bank+8.6% · 81 portfolios +1.81 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-2.0% · 38 portfolios -4.26 Cr
- 02 Canara Bank-11.6% · 94 portfolios -2.86 Cr
- 03 Coal India Limited-6.3% · 128 portfolios -2.58 Cr
- 04 Tata Motors Passenger Vehicles Limited-21.9% · 156 portfolios -2.32 Cr
- 05 NTPC Limited-2.9% · 240 portfolios -2.18 Cr
- 06 Oil & Natural Gas Corporation Limited-4.5% · 135 portfolios -1.80 Cr
- 07 National Aluminium Company Limited-22.2% · 54 portfolios -1.45 Cr
- 08 NHPC Limited-6.6% · 42 portfolios -1.41 Cr
- 09 Ola Electric Mobility Limited-47.1% · 14 portfolios -1.40 Cr
- 10 Vishal Mega Mart Limited-3.4% · 76 portfolios -1.37 Cr
Most new positions
↗CompanyPositions
- 01 Tata Motors Limited121 comparable portfolios 121
- 02 LG Electronics India Limited100 comparable portfolios 100
- 03 Tata Capital Limited38 comparable portfolios 38
- 04 SKF India (Industrial) Limited29 comparable portfolios 29
- 05 Lenskart Solutions Limited27 comparable portfolios 27
- 06 WeWork India Management Limited15 comparable portfolios 15
- 07 Canara HSBC Life Insurance Company Limited13 comparable portfolios 13
- 08 Hero MotoCorp Limited141 comparable portfolios 13
- 09 Canara Robeco Asset Management Company Limited13 comparable portfolios 13
- 10 PB Fintech Limited150 comparable portfolios 13
Most complete exits
↗CompanyExits
- 01 Tata Motors Passenger Vehicles Limited156 comparable portfolios 28
- 02 HDFC Life Insurance Company Limited183 comparable portfolios 17
- 03 Tata Consultancy Services Limited259 comparable portfolios 16
- 04 Oil & Natural Gas Corporation Limited135 comparable portfolios 14
- 05 Coal India Limited128 comparable portfolios 14
- 06 REC Limited132 comparable portfolios 13
- 07 Cohance Lifesciences Limited69 comparable portfolios 13
- 08 Indus Towers Limited112 comparable portfolios 11
- 09 SBI Life Insurance Company Limited175 comparable portfolios 11
- 10 Siemens Limited90 comparable portfolios 10
Most widely held stocks
CompanyAMCs
- 01 Bharti Airtel Limited378 portfolios 31
- 02 HDFC Bank Limited457 portfolios 30
- 03 Bajaj Finance Limited302 portfolios 30
- 04 Bharat Electronics Limited298 portfolios 30
- 05 ICICI Bank Limited433 portfolios 29
- 06 State Bank of India388 portfolios 29
- 07 Infosys Limited378 portfolios 29
- 08 Kotak Mahindra Bank Limited345 portfolios 29
- 09 ETERNAL LIMITED333 portfolios 29
- 10 Mahindra & Mahindra Limited327 portfolios 29
Broader ownership
↗CompanyΔ AMCs
- 01 Hindalco Industries Limited29 AMCs now +5
- 02 Punjab National Bank23 AMCs now +5
- 03 City Union Bank Limited18 AMCs now +5
- 04 Lodha Developers Limited20 AMCs now +5
- 05 Larsen & Toubro Limited28 AMCs now +4
- 06 JSW Steel Limited26 AMCs now +4
- 07 State Bank of India29 AMCs now +4
- 08 Tata Steel Limited29 AMCs now +4
- 09 Steel Authority of India Limited21 AMCs now +4
- 10 BSE Limited22 AMCs now +4
Narrower ownership
↗CompanyΔ AMCs
- 01 Senco Gold Limited6 AMCs now -2
- 02 Sterling and Wilson Renewable Energy Limited3 AMCs now -1
- 03 Bharat Petroleum Corporation Limited20 AMCs now -1
- 04 Quality Power Electrical Equipments Limited1 AMCs now -1
- 05 Nuvama Wealth Management Limited10 AMCs now -1
- 06 Info Edge (India) Limited20 AMCs now -1
- 07 HDB Financial Services Limited14 AMCs now -1
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 | Oct 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Oct 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Oct 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jul–Sep 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Oct 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 →