India mutual fund monitor
March 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 Mar 2026 SIP Mar 2026 NFO Mar 2026 Fund-house assets Jan–Mar 2026 (quarterly) Holdings Mar 2026
AMFI monthly report, Mar 2026. Total net flow covers all schemes; the asset-class figures are open-ended schemes. -5.90 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 +40,450 Cr
- Debt -2.95 lakh Cr
- Hybrid -16,538 Cr
- Index funds & ETFs +30,237 Cr
- Overseas fund of funds +531 Cr
- Solution oriented +256 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +40,450 | +25,978 | +90,457 | +346,536 |
| Debt | -294,987 | +42,106 | -178,054 | +22,162 |
| Hybrid | -16,538 | +11,983 | +12,801 | +154,818 |
| Index funds & ETFs | +30,237 | +12,976 | +82,286 | +207,057 |
| Overseas fund of funds | +531 | +904 | +2,316 | +4,826 |
| Solution oriented | +256 | +247 | +845 | +3,250 |
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 · Mar 2026
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| Other ETFs (single category)Passive | +19,802 | +2.03% | +39,295 | +112,257 |
| Flexi CapEquity | +10,054 | +1.82% | +24,651 | +89,213 |
| Index Funds (single category)Passive | +8,169 | +2.52% | +11,429 | +25,932 |
| Small CapEquity | +6,264 | +1.72% | +13,087 | +51,872 |
| Mid CapEquity | +6,064 | +1.31% | +13,252 | +51,197 |
| Large & Mid CapEquity | +5,307 | +1.60% | +11,627 | +44,306 |
| Multi Asset AllocationHybrid | +5,213 | +2.84% | +24,174 | +65,209 |
| Large CapEquity | +2,998 | +0.73% | +7,114 | +24,189 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -134,988 | -22.54% | -45,229 | -3,995 |
| OvernightDebt | -40,228 | -35.71% | -7,954 | +4,447 |
| Money MarketDebt | -29,207 | -8.58% | -10,177 | +59,478 |
| Ultra Short to Short TermDebt | -25,227 | -16.23% | -18,120 | +8,762 |
| Short TermDebt | -22,194 | -16.64% | -26,999 | -10,762 |
| ArbitrageHybrid | -21,114 | -7.72% | -17,229 | +50,060 |
| Ultra Short TermDebt | -16,087 | -12.59% | -20,206 | +6,143 |
| Corporate BondDebt | -15,293 | -7.85% | -29,068 | -8,121 |
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: Jan–Mar 2026 quarter. AMFI publishes fund-house assets as quarterly averages. This is the latest quarter that had ended by Mar 2026; it is not a March 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 | 12.48 lakh Cr | 15.31% | -0.11 pp | 1 |
| ICICI Prudential Mutual Fund | 11.04 lakh Cr | 13.54% | +0.25 pp | 2 |
| HDFC Mutual Fund | 9.27 lakh Cr | 11.37% | -0.04 pp | 3 |
| Nippon India Mutual Fund | 7.25 lakh Cr | 8.89% | +0.24 pp | 4 |
| Kotak Mahindra Mutual Fund | 5.81 lakh Cr | 7.12% | +0.05 pp | 5 |
| Aditya Birla Sun Life Mutual Fund | 4.36 lakh Cr | 5.35% | -0.13 pp | 6 |
| UTI Mutual Fund | 3.88 lakh Cr | 4.76% | -0.10 pp | 7 |
| Axis Mutual Fund | 3.60 lakh Cr | 4.41% | -0.04 pp | 8 |
| Tata Mutual Fund | 2.28 lakh Cr | 2.79% | +0.02 pp | 9 |
| DSP Mutual Fund | 2.25 lakh Cr | 2.76% | +0.02 pp | 10was 11 |
Biggest share gainers · quarter
- ICICI Prudential Mutual Fund+0.25 pp
- Nippon India Mutual Fund+0.24 pp
- PPFAS Mutual Fund+0.07 pp
- Zerodha Mutual Fund+0.05 pp
- Kotak Mahindra Mutual Fund+0.05 pp
Biggest share decliners · quarter
- Aditya Birla Sun Life Mutual Fund-0.13 pp
- SBI Mutual Fund-0.11 pp
- quant Mutual Fund-0.10 pp
- UTI Mutual Fund-0.10 pp
- Canara Robeco Mutual Fund-0.07 pp
Rank changes among the top 30
- Jio BlackRock Mutual Fund31 → 29
- DSP Mutual Fund11 → 10
- Mirae Asset Mutual Fund10 → 11
- WhiteOak Capital Mutual Fund26 → 25
- Bajaj Finserv Mutual Fund25 → 26
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
32,087 Cr+23.8% year on year
SIP contribution · 12 months
3.50 lakh CrNeeds 12 published months
SIP assets
15.11 lakh Cr20.5% of industry assets
Contributing SIP accounts
9.72 CrAccounts that paid in this month
Folios
27.39 Cr
+33.63 L on the month · +16.8% 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 · Mar 2026
24new schemes allotted
3,985 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Index Funds | 4 | 1,621 Cr | Nippon India CRISIL-IBX Financial Services 9-12 Months Debt Index Fund; Nippon India CRISIL-IBX Financial Services 3-6 Months Debt Index... |
| Sectoral/Thematic Funds | 4 | 1,347 Cr | ITI Business Cycle Fund; LIC MF Technology Fund; Baroda BNP Paribas ESG Best-in-Class Strategy Fund; Canara Robeco Banking and Financial... |
| Small Cap Fund | 2 | 408 Cr | Abakkus Small Cap Fund; The Wealth Company Small Cap Fund |
| Fixed Term Plan | 1 | 242 Cr | Axis Fixed Maturity Plan - Series 129 (108 Days) |
| Mid Cap Fund | 1 | 139 Cr | TRUSTMF MID CAP FUND |
| Fund of funds investing overseas | 1 | 58.00 Cr | Kotak Quality Overseas Equity Omni FOF |
| Flexi Cap Fund | 1 | 53.00 Cr | Old Bridge Flexi Cap Fund |
| Arbitrage Fund | 2 | 45.00 Cr | Helios Arbitrage Fund; Capitalmind Arbitrage Fund |
| Other ETFs | 6 | 43.00 Cr | Groww Nifty PSU Bank ETF; Groww BSE Hospitals ETF; Mirae Asset Nifty 500 Value 50 ETF; SBI Nifty Midcap 150 Momentum 50 ETF; DSP BSE Top... |
| GOLD ETF | 1 | 15.00 Cr | HSBC Gold ETF |
| Multi Asset Allocation | 1 | 14.00 Cr | Capitalmind Multi Asset Allocation 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 · Mar 2026
1,130companies held
34AMCs reporting
2,207new positions
2,293complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 HDFC Bank Limited413 comparable portfolios 22
- 02 SBI Life Insurance Company Limited211 comparable portfolios 21
- 03 Bharti Airtel Limited378 comparable portfolios 21
- 04 UltraTech Cement Limited244 comparable portfolios 20
- 05 HDFC Life Insurance Company Limited169 comparable portfolios 20
- 06 ICICI Bank Limited407 comparable portfolios 20
- 07 Kotak Mahindra Bank Limited326 comparable portfolios 19
- 08 Shriram Finance Limited247 comparable portfolios 19
- 09 State Bank of India382 comparable portfolios 19
- 10 NTPC Limited269 comparable portfolios 19
Most AMCs reducing
↗CompanyAMCs
- 01 Trent Limited205 comparable portfolios 17
- 02 Grasim Industries Limited143 comparable portfolios 16
- 03 Apollo Hospitals Enterprise Limited195 comparable portfolios 15
- 04 Bajaj Finance Limited289 comparable portfolios 14
- 05 Tata Steel Limited250 comparable portfolios 14
- 06 Dr. Reddy's Laboratories Limited139 comparable portfolios 13
- 07 Muthoot Finance Limited150 comparable portfolios 13
- 08 JSW Steel Limited129 comparable portfolios 13
- 09 InterGlobe Aviation Limited247 comparable portfolios 13
- 10 Mahindra & Mahindra Limited326 comparable portfolios 13
Largest comparable holding increases
↗CompanyShares
- 01 Yes Bank Limited+31.8% · 61 portfolios +17.01 Cr
- 02 HDFC Bank Limited+5.8% · 413 portfolios +12.59 Cr
- 03 Kotak Mahindra Bank Limited+5.5% · 326 portfolios +7.83 Cr
- 04 Urban Company Limited+126.8% · 39 portfolios +7.30 Cr
- 05 Bharti Airtel Limited+13.0% · 378 portfolios +4.92 Cr
- 06 ICICI Bank Limited+4.0% · 407 portfolios +4.56 Cr
- 07 ETERNAL LIMITED+2.9% · 315 portfolios +4.07 Cr
- 08 State Bank of India+4.8% · 382 portfolios +3.37 Cr
- 09 ITC Limited+2.0% · 245 portfolios +2.44 Cr
- 10 Physicswallah Limited+31.6% · 35 portfolios +2.37 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-8.4% · 50 portfolios -25.72 Cr
- 02 Ashok Leyland Limited-15.9% · 111 portfolios -4.45 Cr
- 03 Power Grid Corporation of India Limited-3.9% · 179 portfolios -3.55 Cr
- 04 Motherson Sumi Wiring India Limited-5.3% · 59 portfolios -3.00 Cr
- 05 Samvardhana Motherson International Limited-2.5% · 174 portfolios -2.77 Cr
- 06 Bharat Petroleum Corporation Limited-15.1% · 150 portfolios -2.73 Cr
- 07 Bharat Electronics Limited-3.3% · 266 portfolios -2.07 Cr
- 08 Oil & Natural Gas Corporation Limited-2.5% · 173 portfolios -1.37 Cr
- 09 Indian Oil Corporation Limited-6.5% · 87 portfolios -1.25 Cr
- 10 Punjab National Bank-2.0% · 103 portfolios -1.12 Cr
Most new positions
↗CompanyPositions
- 01 Tata Motors Limited158 comparable portfolios 39
- 02 Anthem Biosciences Limited61 comparable portfolios 32
- 03 Tata Capital Limited67 comparable portfolios 31
- 04 Union Bank of India94 comparable portfolios 28
- 05 Cummins India Limited209 comparable portfolios 27
- 06 Billionbrains Garage Ventures Limited62 comparable portfolios 24
- 07 LG Electronics India Limited99 comparable portfolios 23
- 08 HDFC Asset Management Company Limited141 comparable portfolios 22
- 09 ICICI Prudential Asset Management Company Limited124 comparable portfolios 22
- 10 Multi Commodity Exchange of India Limited177 comparable portfolios 22
Most complete exits
↗CompanyExits
- 01 Muthoot Finance Limited150 comparable portfolios 30
- 02 Info Edge (India) Limited162 comparable portfolios 26
- 03 Syngene International Limited89 comparable portfolios 25
- 04 Meesho Limited85 comparable portfolios 23
- 05 Procter & Gamble Hygiene and Health Care Limited40 comparable portfolios 23
- 06 Life Insurance Corporation Of India64 comparable portfolios 22
- 07 JSW Energy Limited93 comparable portfolios 22
- 08 Havells India Limited114 comparable portfolios 22
- 09 ICICI Lombard General Insurance Company Limited162 comparable portfolios 22
- 10 GUJARAT ENERGY LIMITED42 comparable portfolios 20
Most widely held stocks
CompanyAMCs
- 01 HDFC Bank Limited471 portfolios 34
- 02 ICICI Bank Limited454 portfolios 34
- 03 State Bank of India425 portfolios 34
- 04 Larsen & Toubro Limited370 portfolios 34
- 05 NTPC Limited297 portfolios 34
- 06 Bharti Airtel Limited412 portfolios 33
- 07 Reliance Industries Limited396 portfolios 33
- 08 Bajaj Finance Limited300 portfolios 33
- 09 Bharat Electronics Limited297 portfolios 33
- 10 Shriram Finance Limited273 portfolios 33
Broader ownership
↗CompanyΔ AMCs
- 01 Tata Capital Limited19 AMCs now +9
- 02 Piramal Finance Limited12 AMCs now +8
- 03 Lenskart Solutions Limited20 AMCs now +8
- 04 Fortis Healthcare Limited25 AMCs now +7
- 05 Travel Food Services Limited10 AMCs now +7
- 06 Anthem Biosciences Limited17 AMCs now +6
- 07 Billionbrains Garage Ventures Limited16 AMCs now +6
- 08 Tata Motors Limited26 AMCs now +6
- 09 Supreme Petrochem Limited8 AMCs now +6
- 10 NTPC Limited34 AMCs now +6
Narrower ownership
↗CompanyΔ AMCs
- 01 Maharashtra Scooters Limited3 AMCs now -7
- 02 BASF India Limited2 AMCs now -7
- 03 Rashtriya Chemicals and Fertilizers Limited2 AMCs now -6
- 04 Alkyl Amines Chemicals Limited4 AMCs now -6
- 05 Ventive Hospitality Limited2 AMCs now -6
- 06 Fertilizers and Chemicals Travancore Limited6 AMCs now -5
- 07 Alok Industries Limited2 AMCs now -5
- 08 Sundram Fasteners Limited7 AMCs now -5
- 09 Cera Sanitaryware Limited7 AMCs now -5
- 10 Valor Estate Limited3 AMCs now -5
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 | Mar 2026 | Monthly | Aug 2026 |
| SIP contribution & assets | Mar 2026 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | Mar 2026 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2026 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | Mar 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 →