India mutual fund monitor
January 2026
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 Jan 2026 SIP Jan 2026 NFO Jan 2026 Fund-house assets Oct–Dec 2025 (quarterly) Holdings Jan 2026
AMFI monthly report, Jan 2026. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -78,532 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 +24,029 Cr
- Debt +74,827 Cr
- Hybrid +17,356 Cr
- Index funds & ETFs +39,073 Cr
- Overseas fund of funds +882 Cr
- Solution oriented +342 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +24,029 | +28,054 | +81,994 | +334,493 |
| Debt | +74,827 | -132,410 | -83,276 | +65,854 |
| Hybrid | +17,356 | +10,756 | +41,411 | +165,230 |
| Index funds & ETFs | +39,073 | +26,577 | +80,839 | +188,233 |
| Overseas fund of funds | +882 | +147 | +1,224 | +3,401 |
| Solution oriented | +342 | +345 | +1,007 | +3,234 |
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 · Jan 2026
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | +46,280 | +58.31% | +8,910 | +26,401 |
| LiquidDebt | +30,682 | +6.10% | -30,677 | -56,142 |
| Gold ETFPassive | +24,040 | +18.80% | +39,428 | +63,250 |
| Other ETFs (single category)Passive | +15,006 | +1.55% | +37,926 | +102,775 |
| Money MarketDebt | +12,763 | +4.01% | -16,597 | +57,841 |
| Multi Asset AllocationHybrid | +10,485 | +6.37% | +23,226 | +55,419 |
| Flexi CapEquity | +7,672 | +1.39% | +25,827 | +82,954 |
| Ultra Short to Short TermDebt | +4,779 | +3.25% | -486 | +27,452 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Corporate BondDebt | -11,473 | -5.54% | -17,367 | +10,125 |
| Short TermDebt | -2,889 | -2.11% | -6,473 | +12,902 |
| Dynamic TermDebt | -1,435 | -3.97% | -2,885 | -2,810 |
| GiltDebt | -1,428 | -3.71% | -2,401 | -5,749 |
| Long TermDebt | -1,336 | -7.59% | -3,006 | -4,945 |
| Banking and PSU DebtDebt | -1,219 | -1.53% | -3,047 | -6,011 |
| ELSS (Tax Saver)Equity | -594 | -0.23% | -1,882 | -3,420 |
| Medium to Long TermDebt | -174 | -1.49% | -371 | -680 |
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 2025 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Jan 2026; it is not a January 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 | 12.49 lakh Cr | 15.42% | -0.13 pp | 1 |
| ICICI Prudential Mutual Fund | 10.76 lakh Cr | 13.29% | +0.13 pp | 2 |
| HDFC Mutual Fund | 9.25 lakh Cr | 11.42% | -0.01 pp | 3 |
| Nippon India Mutual Fund | 7.01 lakh Cr | 8.65% | +0.14 pp | 4 |
| Kotak Mahindra Mutual Fund | 5.73 lakh Cr | 7.08% | -0.13 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 4.43 lakh Cr | 5.47% | -0.04 pp | 6 |
| UTI Mutual Fund | 3.94 lakh Cr | 4.86% | -0.04 pp | 7 |
| Axis Mutual Fund | 3.61 lakh Cr | 4.45% | -0.10 pp | 8 |
| Tata Mutual Fund | 2.24 lakh Cr | 2.77% | -0.05 pp | 9 |
| Mirae Asset Mutual Fund | 2.24 lakh Cr | 2.76% | +0.03 pp | 10was 11 |
Biggest share gainers · quarter
- Nippon India Mutual Fund+0.14 pp
- ICICI Prudential Mutual Fund+0.13 pp
- PPFAS Mutual Fund+0.09 pp
- Motilal Oswal Mutual Fund+0.08 pp
- Invesco Mutual Fund+0.06 pp
Biggest share decliners · quarter
- SBI Mutual Fund-0.13 pp
- Kotak Mahindra Mutual Fund-0.13 pp
- Axis Mutual Fund-0.10 pp
- quant Mutual Fund-0.06 pp
- Tata Mutual Fund-0.05 pp
Rank changes among the top 30
- HSBC Mutual Fund14 → 16
- Mirae Asset Mutual Fund11 → 10
- DSP Mutual Fund10 → 11
- PPFAS Mutual Fund15 → 14
- Invesco Mutual Fund16 → 15
- Motilal Oswal Mutual Fund18 → 17
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
31,002 Cr+17.4% year on year
SIP contribution · 12 months
3.40 lakh CrNeeds 12 published months
SIP assets
16.36 lakh Cr20.2% of industry assets
Contributing SIP accounts
9.92 CrAccounts that paid in this month
Folios
26.63 Cr
+50.60 L on the month · +16.2% 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 · Jan 2026
12new schemes allotted
1,939 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Money Market Fund | 1 | 442 Cr | Shriram Money Market Fund |
| Sectoral/Thematic Funds | 2 | 423 Cr | Bank of India Banking & Financial Services Fund, Mahindra Manulife Innovation Opportunities Fund |
| Low Duration Fund | 1 | 352 Cr | JioBlackRock Low Duration Fund |
| Short Duration Fund | 1 | 292 Cr | JioBlackRock Short Duration Fund |
| Dividend Yield Fund | 1 | 215 Cr | Kotak Dividend Yield Fund |
| Small Cap Fund | 1 | 168 Cr | Groww Small Cap Fund |
| Index Funds | 2 | 27.00 Cr | Zerodha Nifty Short Duration G-Sec Index Fund, DSP Nifty 500 Index Fund |
| Other ETFs | 3 | 20.00 Cr | Groww Nifty Chemicals ETF, Kotak Nifty Next 50 ETF, DSP Nifty Next 50 ETF |
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 · Jan 2026
1,204companies held
30AMCs reporting
1,315new positions
1,381complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Tech Mahindra Limited268 comparable portfolios 21
- 02 DLF Limited112 comparable portfolios 20
- 03 BSE Limited131 comparable portfolios 19
- 04 JSW Steel Limited126 comparable portfolios 19
- 05 Britannia Industries Limited172 comparable portfolios 19
- 06 Tata Steel Limited229 comparable portfolios 19
- 07 Maruti Suzuki India Limited311 comparable portfolios 19
- 08 Titan Company Limited244 comparable portfolios 19
- 09 Apollo Hospitals Enterprise Limited219 comparable portfolios 18
- 10 SBI Life Insurance Company Limited215 comparable portfolios 18
Most AMCs reducing
↗CompanyAMCs
- 01 Hindalco Industries Limited225 comparable portfolios 18
- 02 Multi Commodity Exchange of India Limited175 comparable portfolios 17
- 03 ITC Limited279 comparable portfolios 16
- 04 Hero MotoCorp Limited190 comparable portfolios 14
- 05 National Aluminium Company Limited81 comparable portfolios 13
- 06 REC Limited122 comparable portfolios 13
- 07 JSW Energy Limited86 comparable portfolios 13
- 08 Cummins India Limited198 comparable portfolios 13
- 09 United Spirits Limited152 comparable portfolios 12
- 10 Reliance Industries Limited361 comparable portfolios 12
Largest comparable holding increases
↗CompanyShares
- 01 IDFC First Bank Limited+9.8% · 104 portfolios +5.77 Cr
- 02 HDFC Bank Limited+2.3% · 426 portfolios +4.84 Cr
- 03 Biocon Limited+35.8% · 87 portfolios +4.34 Cr
- 04 Tata Steel Limited+3.7% · 229 portfolios +3.93 Cr
- 05 Shadowfax Technologies Limited— · 12 portfolios +2.92 Cr
- 06 ICICI Bank Limited+2.6% · 416 portfolios +2.84 Cr
- 07 Coal India Limited+5.8% · 152 portfolios +2.51 Cr
- 08 GMR AIRPORTS LIMITED+16.6% · 80 portfolios +2.46 Cr
- 09 Amagi Media Labs Limited— · 25 portfolios +2.34 Cr
- 10 Billionbrains Garage Ventures Limited+12.1% · 55 portfolios +2.11 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-1.2% · 55 portfolios -3.73 Cr
- 02 NMDC Limited-7.4% · 89 portfolios -3.03 Cr
- 03 Canara Bank-12.3% · 120 portfolios -2.85 Cr
- 04 Hindalco Industries Limited-9.5% · 225 portfolios -1.99 Cr
- 05 Indian Energy Exchange Limited-11.3% · 53 portfolios -1.92 Cr
- 06 ETERNAL LIMITED-1.1% · 328 portfolios -1.75 Cr
- 07 NBCC (India) Limited-15.2% · 42 portfolios -1.65 Cr
- 08 Bharat Petroleum Corporation Limited-7.7% · 148 portfolios -1.55 Cr
- 09 NTPC Limited-1.6% · 263 portfolios -1.46 Cr
- 10 Tata Motors Passenger Vehicles Limited-9.0% · 127 portfolios -1.44 Cr
Most new positions
↗CompanyPositions
- 01 Tata Steel Limited229 comparable portfolios 25
- 02 Amagi Media Labs Limited25 comparable portfolios 25
- 03 Axis Bank Limited342 comparable portfolios 22
- 04 Tech Mahindra Limited268 comparable portfolios 19
- 05 IndusInd Bank Limited154 comparable portfolios 18
- 06 Tata Motors Limited117 comparable portfolios 16
- 07 Vedanta Limited180 comparable portfolios 16
- 08 State Bank of India383 comparable portfolios 14
- 09 Amber Enterprises India Limited101 comparable portfolios 14
- 10 Kwality Limited14 comparable portfolios 14
Most complete exits
↗CompanyExits
- 01 ITC Limited279 comparable portfolios 22
- 02 LG Electronics India Limited108 comparable portfolios 21
- 03 Cummins India Limited198 comparable portfolios 16
- 04 Swiggy Limited143 comparable portfolios 14
- 05 Hindalco Industries Limited225 comparable portfolios 14
- 06 IndusInd Bank Limited154 comparable portfolios 14
- 07 Coforge Limited190 comparable portfolios 14
- 08 United Spirits Limited152 comparable portfolios 14
- 09 Hero MotoCorp Limited190 comparable portfolios 13
- 10 Indian Railway Catering And Tourism Corporation Limited67 comparable portfolios 13
Most widely held stocks
CompanyAMCs
- 01 HDFC Bank Limited434 portfolios 30
- 02 ICICI Bank Limited426 portfolios 30
- 03 State Bank of India387 portfolios 30
- 04 Reliance Industries Limited368 portfolios 30
- 05 Bharti Airtel Limited389 portfolios 29
- 06 Larsen & Toubro Limited345 portfolios 29
- 07 Bajaj Finance Limited308 portfolios 29
- 08 Bharat Electronics Limited290 portfolios 29
- 09 Titan Company Limited251 portfolios 29
- 10 Axis Bank Limited349 portfolios 28
Broader ownership
↗CompanyΔ AMCs
- 01 Leela Palaces Hotels & Resorts Limited13 AMCs now +3
- 02 AIA Engineering Limited15 AMCs now +3
- 03 Acutaas Chemicals Limited13 AMCs now +2
- 04 Asian Paints Limited27 AMCs now +2
- 05 Ajanta Pharma Limited20 AMCs now +2
- 06 Indigo Paints Limited9 AMCs now +2
- 07 Aether Industries Limited8 AMCs now +2
- 08 Le Travenues Technology Limited9 AMCs now +2
- 09 Steel Authority of India Limited21 AMCs now +2
- 10 Tata Motors Limited19 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 IndusInd Bank Limited19 AMCs now -5
- 02 Hindustan Unilever Limited23 AMCs now -4
- 03 HDFC Asset Management Company Limited24 AMCs now -4
- 04 Indian Railway Catering And Tourism Corporation Limited13 AMCs now -4
- 05 Manappuram Finance Limited16 AMCs now -4
- 06 IIFL Finance Limited12 AMCs now -4
- 07 Computer Age Management Services Limited20 AMCs now -4
- 08 HDFC Life Insurance Company Limited24 AMCs now -4
- 09 Bajaj Finserv Limited25 AMCs now -4
- 10 Astral 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 | Jan 2026 | Monthly | Aug 2026 |
| SIP contribution & assets | Jan 2026 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Jan 2026 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Jan 2026 | 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 →