India mutual fund monitor
February 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 Feb 2026 SIP Feb 2026 NFO Feb 2026 Fund-house assets Oct–Dec 2025 (quarterly) Holdings Feb 2026
AMFI monthly report, Feb 2026. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +7,121 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 +25,978 Cr
- Debt +42,106 Cr
- Hybrid +11,983 Cr
- Index funds & ETFs +12,976 Cr
- Overseas fund of funds +904 Cr
- Solution oriented +247 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +25,978 | +24,029 | +78,061 | +331,168 |
| Debt | +42,106 | +74,827 | -15,477 | +114,486 |
| Hybrid | +11,983 | +17,356 | +40,095 | +170,410 |
| Index funds & ETFs | +12,976 | +39,073 | +78,625 | +191,206 |
| Overseas fund of funds | +904 | +882 | +1,932 | +4,059 |
| Solution oriented | +247 | +342 | +934 | +3,235 |
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 · Feb 2026
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | +59,077 | +11.01% | +42,451 | -2,041 |
| Multi Asset AllocationHybrid | +8,476 | +4.85% | +26,388 | +61,667 |
| Flexi CapEquity | +6,925 | +1.27% | +24,616 | +84,774 |
| Money MarketDebt | +6,267 | +1.89% | -21,434 | +67,384 |
| Gold ETFPassive | +5,255 | +2.85% | +40,942 | +66,525 |
| Other ETFs (single category)Passive | +4,487 | +0.45% | +32,692 | +103,416 |
| Mid CapEquity | +4,003 | +0.89% | +11,364 | +48,573 |
| Small CapEquity | +3,881 | +1.09% | +10,647 | +49,701 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| OvernightDebt | -14,006 | -11.10% | +32,528 | +14,659 |
| Ultra Short TermDebt | -4,374 | -3.30% | -21,767 | +12,584 |
| Corporate BondDebt | -2,302 | -1.18% | -21,194 | +6,758 |
| Short TermDebt | -1,917 | -1.43% | -10,495 | +10,256 |
| Banking and PSU DebtDebt | -1,473 | -1.88% | -3,668 | -7,958 |
| ELSS (Tax Saver)Equity | -650 | -0.27% | -1,961 | -4,685 |
| Long TermDebt | -629 | -3.88% | -3,268 | -5,411 |
| Dynamic TermDebt | -551 | -1.59% | -2,830 | -3,254 |
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 Feb 2026; it is not a February 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
29,845 Cr+14.8% year on year
SIP contribution · 12 months
3.43 lakh CrNeeds 12 published months
SIP assets
16.64 lakh Cr20.3% of industry assets
Contributing SIP accounts
9.44 CrAccounts that paid in this month
Folios
27.06 Cr
+42.58 L on the month · +16.5% 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 · Feb 2026
22new schemes allotted
5,357 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 | 6 | 3,560 Cr | JioBlackRock Sector Rotation Fund; Motilal Oswal Financial Services Fund; SBI Quality Fund; Edelweiss Financial Services Fund; Kotak... |
| Low Duration Fund | 1 | 605 Cr | Bajaj Finserv Low Duration Fund |
| Fixed Term Plan | 1 | 378 Cr | Axis Fixed Maturity Plan - Series 129 (108 Days) |
| Large Cap Fund | 1 | 324 Cr | Parag Parikh Large Cap Fund |
| Index Funds | 4 | 286 Cr | Axis BSE India Sector Leaders Index Fund; Kotak Nifty200 Value 30 Index Fund; UTI Nifty500 Shariah Index Fund; HDFC Nifty India... |
| Other ETFs | 7 | 92.00 Cr | Groww Nifty PSE ETF; Aditya Birla Sun Life MSCI India ETF; Aditya Birla Sun Life BSE Top 10 Banks ETF; ANGEL ONE SILVER ETF; Mirae Asset... |
| Mid Cap Fund | 1 | 71.00 Cr | Samco Mid Cap Fund |
| Dynamic Asset Allocation/Balanced Advantage | 1 | 41.00 Cr | The Wealth Company Balanced Advantage Fund |
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 · Feb 2026
1,211companies held
31AMCs reporting
1,316new positions
1,438complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 Tata Motors Passenger Vehicles Limited141 comparable portfolios 20
- 02 JSW Steel Limited129 comparable portfolios 20
- 03 HDFC Bank Limited422 comparable portfolios 20
- 04 360 ONE WAM LIMITED80 comparable portfolios 19
- 05 HDFC Life Insurance Company Limited183 comparable portfolios 19
- 06 Tata Steel Limited242 comparable portfolios 19
- 07 FSN E-Commerce Ventures Limited143 comparable portfolios 18
- 08 Oil & Natural Gas Corporation Limited163 comparable portfolios 18
- 09 One 97 Communications Limited154 comparable portfolios 18
- 10 Bharat Petroleum Corporation Limited159 comparable portfolios 18
Most AMCs reducing
↗CompanyAMCs
- 01 State Bank of India386 comparable portfolios 20
- 02 Bajaj Finance Limited304 comparable portfolios 18
- 03 Marico Limited123 comparable portfolios 17
- 04 The Indian Hotels Company Limited139 comparable portfolios 15
- 05 HDFC Asset Management Company Limited139 comparable portfolios 15
- 06 TVS Motor Company Limited228 comparable portfolios 15
- 07 Bharti Airtel Limited383 comparable portfolios 15
- 08 Godrej Properties Limited92 comparable portfolios 14
- 09 Aditya Birla Capital Limited108 comparable portfolios 14
- 10 Persistent Systems Limited167 comparable portfolios 14
Largest comparable holding increases
↗CompanyShares
- 01 Bharat Heavy Electricals Limited+28.6% · 114 portfolios +6.36 Cr
- 02 Vodafone Idea Limited+2.0% · 57 portfolios +5.95 Cr
- 03 Yes Bank Limited+10.2% · 68 portfolios +5.29 Cr
- 04 GAIL (India) Limited+11.8% · 126 portfolios +5.03 Cr
- 05 Oil & Natural Gas Corporation Limited+10.0% · 163 portfolios +4.99 Cr
- 06 Vishal Mega Mart Limited+7.3% · 108 portfolios +4.29 Cr
- 07 Kotak Mahindra Bank Limited+2.9% · 336 portfolios +4.13 Cr
- 08 ITC Limited+2.9% · 260 portfolios +3.51 Cr
- 09 ICICI Bank Limited+2.6% · 418 portfolios +2.94 Cr
- 10 Canara Bank+14.3% · 119 portfolios +2.92 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 IDFC First Bank Limited-12.3% · 105 portfolios -7.88 Cr
- 02 State Bank of India-5.7% · 386 portfolios -4.33 Cr
- 03 Suzlon Energy Limited-8.1% · 90 portfolios -4.14 Cr
- 04 NMDC Limited-9.7% · 94 portfolios -3.76 Cr
- 05 Power Grid Corporation of India Limited-3.7% · 187 portfolios -3.46 Cr
- 06 Samvardhana Motherson International Limited-2.1% · 187 portfolios -2.53 Cr
- 07 Aditya Birla Capital Limited-16.0% · 108 portfolios -2.34 Cr
- 08 Indian Oil Corporation Limited-10.2% · 95 portfolios -2.31 Cr
- 09 Bank of India-11.1% · 75 portfolios -1.68 Cr
- 10 NHPC Limited-6.4% · 61 portfolios -1.40 Cr
Most new positions
↗CompanyPositions
- 01 Fractal Analytics Limited24 comparable portfolios 24
- 02 Bharat Petroleum Corporation Limited159 comparable portfolios 17
- 03 Coforge Limited202 comparable portfolios 17
- 04 Axis Bank Limited355 comparable portfolios 16
- 05 Oil India Limited113 comparable portfolios 16
- 06 PB Fintech Limited174 comparable portfolios 15
- 07 Vishal Mega Mart Limited108 comparable portfolios 14
- 08 Tata Steel Limited242 comparable portfolios 14
- 09 Cummins India Limited194 comparable portfolios 14
- 10 Shriram Finance Limited255 comparable portfolios 14
Most complete exits
↗CompanyExits
- 01 Kwality Wall's (India) Limited193 comparable portfolios 145
- 02 Tech Mahindra Limited276 comparable portfolios 16
- 03 LTM Limited148 comparable portfolios 15
- 04 Dixon Technologies (India) Limited195 comparable portfolios 15
- 05 BSE Limited132 comparable portfolios 14
- 06 Infosys Limited376 comparable portfolios 13
- 07 Vedanta Limited193 comparable portfolios 13
- 08 Persistent Systems Limited167 comparable portfolios 13
- 09 Tata Consultancy Services Limited279 comparable portfolios 13
- 10 HCL Technologies Limited228 comparable portfolios 13
Most widely held stocks
CompanyAMCs
- 01 HDFC Bank Limited436 portfolios 31
- 02 ICICI Bank Limited433 portfolios 31
- 03 Reliance Industries Limited371 portfolios 31
- 04 State Bank of India396 portfolios 30
- 05 Bharti Airtel Limited391 portfolios 30
- 06 Axis Bank Limited365 portfolios 30
- 07 Titan Company Limited263 portfolios 30
- 08 Shriram Finance Limited260 portfolios 30
- 09 Larsen & Toubro Limited348 portfolios 29
- 10 Kotak Mahindra Bank Limited346 portfolios 29
Broader ownership
↗CompanyΔ AMCs
- 01 Bharat Petroleum Corporation Limited27 AMCs now +5
- 02 Indus Towers Limited27 AMCs now +5
- 03 Shriram Finance Limited30 AMCs now +5
- 04 One 97 Communications Limited27 AMCs now +5
- 05 Max Healthcare Institute Limited27 AMCs now +4
- 06 Hindustan Unilever Limited27 AMCs now +4
- 07 Bharat Forge Limited21 AMCs now +4
- 08 HDFC Life Insurance Company Limited28 AMCs now +4
- 09 NHPC Limited20 AMCs now +4
- 10 The Great Eastern Shipping Company Limited18 AMCs now +3
Narrower ownership
↗CompanyΔ AMCs
- 01 Kwality Wall's (India) Limited15 AMCs now -5
- 02 SRF Limited19 AMCs now -3
- 03 Tata Elxsi Limited15 AMCs now -3
- 04 Rainbow Childrens Medicare Limited12 AMCs now -3
- 05 Affle 3i Limited18 AMCs now -2
- 06 L&T Technology Services Limited17 AMCs now -2
- 07 SBI Cards and Payment Services Limited16 AMCs now -2
- 08 Ethos Limited7 AMCs now -2
- 09 Le Travenues Technology Limited7 AMCs now -2
- 10 Jain Resource Recycling Limited2 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 | Feb 2026 | Monthly | Aug 2026 |
| SIP contribution & assets | Feb 2026 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Feb 2026 | Monthly | Aug 2026 |
| Fund-house assets & market share | Oct–Dec 2025 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Feb 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 →