India mutual fund monitor
November 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 Nov 2025 SIP Nov 2025 NFO Nov 2025 Fund-house assets Jul–Sep 2025 (quarterly) Holdings Nov 2025
AMFI monthly report, Nov 2025. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +59,674 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 +29,911 Cr
- Debt -25,693 Cr
- Hybrid +13,299 Cr
- Index funds & ETFs +15,189 Cr
- Overseas fund of funds +196 Cr
- Solution oriented +320 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +29,911 | +24,690 | +85,023 | +363,254 |
| Debt | -25,693 | +159,958 | +32,288 | +124,937 |
| Hybrid | +13,299 | +14,156 | +36,853 | +150,256 |
| Index funds & ETFs | +15,189 | +15,854 | +49,138 | +133,629 |
| Overseas fund of funds | +196 | +814 | +1,972 | +2,367 |
| Solution oriented | +320 | +261 | +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 · Nov 2025
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Money MarketDebt | +11,104 | +3.23% | +11,121 | +81,615 |
| Other ETFs (single category)Passive | +9,721 | +1.07% | +24,053 | +71,183 |
| Ultra Short TermDebt | +8,361 | +5.98% | +9,822 | +28,707 |
| Flexi CapEquity | +8,135 | +1.52% | +24,093 | +75,690 |
| Multi Asset AllocationHybrid | +5,315 | +3.52% | +15,641 | +42,205 |
| Ultra Short to Short TermDebt | +4,981 | +3.30% | +11,244 | +29,274 |
| Large & Mid CapEquity | +4,503 | +1.40% | +11,486 | +41,894 |
| Mid CapEquity | +4,487 | +0.99% | +13,379 | +50,857 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | -37,625 | -32.51% | -9,295 | -23,544 |
| LiquidDebt | -14,051 | -2.51% | +9,282 | -14,454 |
| Banking and PSU DebtDebt | -852 | -1.06% | -2,607 | -4,269 |
| Dynamic TermDebt | -607 | -1.62% | -320 | -1,097 |
| ELSS (Tax Saver)Equity | -570 | -0.23% | -1,544 | -1,124 |
| Long TermDebt | -366 | -1.91% | -1,248 | -1,424 |
| Dividend YieldEquity | -278 | -0.84% | -624 | +74.67 |
| GiltDebt | -177 | -0.45% | -1,723 | -4,541 |
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 Nov 2025; it is not a November 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
29,445 Cr+16.3% year on year
SIP contribution · 12 months
3.30 lakh CrNeeds 12 published months
SIP assets
16.53 lakh Cr20.5% of industry assets
Contributing SIP accounts
9.43 CrAccounts that paid in this month
Folios
25.86 Cr
+26.11 L on the month · +17.1% 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 · Nov 2025
24new schemes allotted
3,126 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 | 1,982 Cr | — |
| Small Cap Fund | 1 | 476 Cr | — |
| Index Funds | 4 | 280 Cr | — |
| Multi Asset Allocation Fund | 1 | 154 Cr | — |
| Other ETFs | 10 | 81.00 Cr | — |
| GOLD ETFs | 1 | 57.00 Cr | — |
| Arbitrage Fund | 1 | 43.00 Cr | — |
| Money Market Fund | 1 | 27.00 Cr | — |
| Liquid Fund | 1 | 26.00 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 · Nov 2025
1,209companies held
29AMCs reporting
1,335new positions
1,393complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 ITC Limited280 comparable portfolios 22
- 02 ETERNAL LIMITED321 comparable portfolios 20
- 03 JSW Steel Limited123 comparable portfolios 19
- 04 Tech Mahindra Limited249 comparable portfolios 19
- 05 Reliance Industries Limited349 comparable portfolios 19
- 06 Larsen & Toubro Limited329 comparable portfolios 19
- 07 Axis Bank Limited317 comparable portfolios 19
- 08 Bajaj Finance Limited299 comparable portfolios 19
- 09 MphasiS Limited134 comparable portfolios 18
- 10 Jio Financial Services Limited114 comparable portfolios 18
Most AMCs reducing
↗CompanyAMCs
- 01 Pidilite Industries Limited124 comparable portfolios 15
- 02 Lupin Limited148 comparable portfolios 15
- 03 TATA CONSUMER PRODUCTS LIMITED161 comparable portfolios 15
- 04 Canara Bank116 comparable portfolios 15
- 05 Cholamandalam Investment and Finance Company Limited171 comparable portfolios 14
- 06 Bharat Electronics Limited287 comparable portfolios 14
- 07 Tata Power Company Limited138 comparable portfolios 13
- 08 GE Vernova T&D India Limited138 comparable portfolios 13
- 09 Adani Enterprises Limited88 comparable portfolios 13
- 10 Cummins India Limited180 comparable portfolios 13
Largest comparable holding increases
↗CompanyShares
- 01 Vodafone Idea Limited+6.7% · 48 portfolios +17.92 Cr
- 02 Billionbrains Garage Ventures Limited— · 47 portfolios +17.76 Cr
- 03 Physicswallah Limited— · 29 portfolios +9.11 Cr
- 04 ETERNAL LIMITED+4.9% · 321 portfolios +7.67 Cr
- 05 SAGILITY LIMITED+58.9% · 38 portfolios +7.63 Cr
- 06 Pine Labs Limited— · 24 portfolios +7.20 Cr
- 07 Lenskart Solutions Limited+412.7% · 38 portfolios +5.44 Cr
- 08 Samvardhana Motherson International Limited+4.1% · 182 portfolios +4.68 Cr
- 09 Ujjivan Small Finance Bank Limited+14.8% · 52 portfolios +3.64 Cr
- 10 L&T Finance Limited+24.1% · 86 portfolios +3.26 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Yes Bank Limited-9.6% · 54 portfolios -5.43 Cr
- 02 Canara Bank-16.9% · 116 portfolios -5.15 Cr
- 03 Suzlon Energy Limited-8.5% · 100 portfolios -4.43 Cr
- 04 GMR AIRPORTS LIMITED-22.9% · 57 portfolios -3.52 Cr
- 05 NMDC Limited-5.6% · 83 portfolios -2.57 Cr
- 06 Bank of India-8.7% · 61 portfolios -1.51 Cr
- 07 State Bank of India-1.5% · 362 portfolios -1.12 Cr
- 08 GAIL (India) Limited-2.5% · 121 portfolios -1.05 Cr
- 09 Vishal Mega Mart Limited-1.4% · 92 portfolios -79.29 L
- 10 Jubilant Foodworks Limited-5.0% · 141 portfolios -73.22 L
Most new positions
↗CompanyPositions
- 01 Billionbrains Garage Ventures Limited47 comparable portfolios 47
- 02 Tenneco Clean Air India Limited30 comparable portfolios 30
- 03 Physicswallah Limited29 comparable portfolios 29
- 04 Tata Motors Limited159 comparable portfolios 28
- 05 Pine Labs Limited24 comparable portfolios 24
- 06 Shriram Finance Limited200 comparable portfolios 18
- 07 Ather Energy Limited59 comparable portfolios 16
- 08 Capillary Technologies India Limited14 comparable portfolios 14
- 09 Indus Towers Limited121 comparable portfolios 13
- 10 Hero MotoCorp Limited164 comparable portfolios 13
Most complete exits
↗CompanyExits
- 01 Tata Motors Limited159 comparable portfolios 70
- 02 Tata Motors Passenger Vehicles Limited157 comparable portfolios 17
- 03 Hindustan Unilever Limited239 comparable portfolios 16
- 04 The Federal Bank Limited171 comparable portfolios 16
- 05 Advent Hotels International Limited17 comparable portfolios 16
- 06 Trent Limited207 comparable portfolios 16
- 07 Aditya Infotech Limited41 comparable portfolios 14
- 08 Hindalco Industries Limited221 comparable portfolios 12
- 09 Britannia Industries Limited172 comparable portfolios 12
- 10 Astral Limited72 comparable portfolios 11
Most widely held stocks
CompanyAMCs
- 01 HDFC Bank Limited433 portfolios 29
- 02 Bharti Airtel Limited379 portfolios 29
- 03 State Bank of India367 portfolios 29
- 04 Bajaj Finance Limited300 portfolios 29
- 05 Bharat Electronics Limited292 portfolios 29
- 06 Titan Company Limited231 portfolios 29
- 07 Kotak Mahindra Bank Limited335 portfolios 28
- 08 Larsen & Toubro Limited333 portfolios 28
- 09 Mahindra & Mahindra Limited317 portfolios 28
- 10 ITC Limited283 portfolios 28
Broader ownership
↗CompanyΔ AMCs
- 01 Ashok Leyland Limited18 AMCs now +3
- 02 Solar Industries India Limited24 AMCs now +3
- 03 Nuvama Wealth Management Limited13 AMCs now +3
- 04 Tata Elxsi Limited16 AMCs now +3
- 05 HDFC Asset Management Company Limited26 AMCs now +2
- 06 Hero MotoCorp Limited25 AMCs now +2
- 07 Jindal Stainless Limited16 AMCs now +2
- 08 TD Power Systems Limited15 AMCs now +2
- 09 MRF Limited14 AMCs now +2
- 10 Siemens Limited19 AMCs now +1
Narrower ownership
↗CompanyΔ AMCs
- 01 Advent Hotels International Limited1 AMCs now -7
- 02 Tata Motors Limited16 AMCs now -5
- 03 Adani Enterprises Limited20 AMCs now -5
- 04 National Securities Depository Limited3 AMCs now -4
- 05 Page Industries Limited14 AMCs now -4
- 06 One 97 Communications Limited21 AMCs now -4
- 07 Hindustan Unilever Limited24 AMCs now -3
- 08 Cohance Lifesciences Limited13 AMCs now -3
- 09 Go Fashion (India) Limited8 AMCs now -3
- 10 Steel Authority of India Limited18 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 | Nov 2025 | Monthly | Aug 2026 |
| SIP contribution & assets | Nov 2025 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Nov 2025 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jul–Sep 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Nov 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 →