India mutual fund monitor
May 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 May 2026 SIP May 2026 NFO May 2026 Fund-house assets Jan–Mar 2026 (quarterly) Holdings May 2026
AMFI monthly report, May 2026. Total net flow covers all schemes; the asset-class figures are open-ended schemes. +29,975 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 +22,908 Cr
- Debt -96,949 Cr
- Hybrid +10,560 Cr
- Index funds & ETFs -402 Cr
- Overseas fund of funds +764 Cr
- Solution oriented +270 Cr
| Asset class | This month | Previous | 3 months | 12 months |
|---|---|---|---|---|
| Equity | +22,908 | +38,440 | +101,798 | +364,602 |
| Debt | -96,949 | +247,490 | -144,446 | -30,525 |
| Hybrid | +10,560 | +20,565 | +14,587 | +150,931 |
| Index funds & ETFs | -402 | +18,421 | +48,256 | +198,987 |
| Overseas fund of funds | +764 | +1,661 | +2,956 | +7,585 |
| Solution oriented | +270 | +307 | +834 | +3,444 |
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 · May 2026
Largest category inflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| ArbitrageHybrid | +5,698 | +2.11% | -3,037 | +40,644 |
| Flexi CapEquity | +5,176 | +0.93% | +25,378 | +95,154 |
| Small CapEquity | +4,946 | +1.26% | +18,095 | +56,490 |
| Mid CapEquity | +4,385 | +0.92% | +17,000 | +56,011 |
| Multi Asset AllocationHybrid | +3,929 | +2.10% | +14,255 | +69,219 |
| Large & Mid CapEquity | +3,278 | +0.98% | +13,076 | +46,832 |
| Multi CapEquity | +2,291 | +1.00% | +9,079 | +33,763 |
| Large CapEquity | +1,593 | +0.40% | +7,115 | +24,385 |
Largest category outflows
| Category | Net flow | % of AUM | 3 months | 12 months |
|---|---|---|---|---|
| LiquidDebt | -29,681 | -4.67% | +436 | +52,978 |
| Money MarketDebt | -24,692 | -7.37% | -33,256 | +12,699 |
| OvernightDebt | -15,525 | -14.80% | -24,332 | +4,563 |
| Ultra Short to Short TermDebt | -9,400 | -6.79% | -27,535 | -6,049 |
| Corporate BondDebt | -7,010 | -3.77% | -16,106 | -24,376 |
| Short TermDebt | -3,887 | -3.37% | -22,163 | -17,285 |
| GiltDebt | -1,684 | -5.10% | -5,810 | -11,492 |
| Ultra Short TermDebt | -1,617 | -1.25% | -2,052 | -8,403 |
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 May 2026; it is not a May 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
30,954 Cr+16.0% year on year
SIP contribution · 12 months
3.58 lakh CrNeeds 12 published months
SIP assets
17.12 lakh Cr21.0% of industry assets
Contributing SIP accounts
9.64 CrAccounts that paid in this month
Folios
27.66 Cr
+12.56 L on the month · +16.1% 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 · May 2026
13new schemes allotted
471 Crmobilised
Part of this month’s gross mobilisation — shown separately, never added to category net flow.
| Published category | Schemes | Mobilised | Schemes launched |
|---|---|---|---|
| Value Fund/Contra Fund | 1 | 267 Cr | Motilal Oswal Contra Fund |
| Index Funds | 6 | 165 Cr | Groww Nifty Private Bank Index Fund; Invesco India BSE Sensex Index Fund; Invesco India Nifty Bank Index Fund; SBI CRISIL-IBX 10:90 Gilt... |
| Other ETFs | 6 | 39.00 Cr | SBI Nifty200 Value 30 ETF; DSP Nifty FMCG ETF; SBI Nifty Smallcap 250 ETF; Edelweiss Nifty Next 50 ETF; 360 ONE MSCI India ETF; Groww... |
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 · May 2026
1,211companies held
34AMCs reporting
2,038new positions
1,774complete exits
Most AMCs increasing
↗CompanyAMCs
- 01 ICICI Bank Limited492 comparable portfolios 31
- 02 Power Grid Corporation of India Limited230 comparable portfolios 26
- 03 ETERNAL LIMITED395 comparable portfolios 24
- 04 Hindalco Industries Limited275 comparable portfolios 23
- 05 Bharti Airtel Limited460 comparable portfolios 23
- 06 HDFC Life Insurance Company Limited208 comparable portfolios 22
- 07 Grasim Industries Limited189 comparable portfolios 22
- 08 TATA CONSUMER PRODUCTS LIMITED184 comparable portfolios 21
- 09 AU Small Finance Bank Limited176 comparable portfolios 21
- 10 Tata Motors Passenger Vehicles Limited187 comparable portfolios 21
Most AMCs reducing
↗CompanyAMCs
- 01 Britannia Industries Limited210 comparable portfolios 19
- 02 Cummins India Limited249 comparable portfolios 19
- 03 ITC Limited306 comparable portfolios 18
- 04 Titan Company Limited302 comparable portfolios 18
- 05 Multi Commodity Exchange of India Limited253 comparable portfolios 17
- 06 The Federal Bank Limited244 comparable portfolios 16
- 07 Hero MotoCorp Limited227 comparable portfolios 16
- 08 Marico Limited168 comparable portfolios 16
- 09 Kotak Mahindra Bank Limited399 comparable portfolios 16
- 10 Larsen & Toubro Limited394 comparable portfolios 16
Largest comparable holding increases
↗CompanyShares
- 01 Yes Bank Limited+25.9% · 88 portfolios +19.09 Cr
- 02 Billionbrains Garage Ventures Limited+50.5% · 139 portfolios +12.11 Cr
- 03 Suzlon Energy Limited+20.7% · 113 portfolios +11.27 Cr
- 04 GUJARAT ENERGY LIMITED+256.5% · 47 portfolios +6.36 Cr
- 05 ETERNAL LIMITED+3.2% · 395 portfolios +5.86 Cr
- 06 ICICI Bank Limited+3.9% · 492 portfolios +5.09 Cr
- 07 Indraprastha Gas Limited+53.2% · 57 portfolios +4.55 Cr
- 08 Pine Labs Limited+47.7% · 64 portfolios +4.52 Cr
- 09 Lenskart Solutions Limited+44.0% · 109 portfolios +4.07 Cr
- 10 JSW Energy Limited+52.4% · 116 portfolios +3.92 Cr
Largest comparable holding decreases
↗CompanyShares
- 01 Vodafone Idea Limited-10.4% · 75 portfolios -30.12 Cr
- 02 Tata Steel Limited-3.9% · 303 portfolios -4.67 Cr
- 03 GAIL (India) Limited-9.8% · 150 portfolios -4.52 Cr
- 04 Vedanta Limited-29.2% · 193 portfolios -4.24 Cr
- 05 The Federal Bank Limited-5.5% · 244 portfolios -3.39 Cr
- 06 Wipro Limited-12.3% · 133 portfolios -2.95 Cr
- 07 Steel Authority of India Limited-6.8% · 106 portfolios -1.97 Cr
- 08 Sammaan Capital Limited-27.1% · 51 portfolios -1.48 Cr
- 09 Tata Motors Limited-5.3% · 188 portfolios -1.10 Cr
- 10 Bharat Heavy Electricals Limited-3.2% · 169 portfolios -1.09 Cr
Most new positions
↗CompanyPositions
- 01 Billionbrains Garage Ventures Limited139 comparable portfolios 49
- 02 GUJARAT ENERGY LIMITED47 comparable portfolios 24
- 03 Lenskart Solutions Limited109 comparable portfolios 24
- 04 OnEMI Technology Solutions Limited28 comparable portfolios 21
- 05 Amber Enterprises India Limited130 comparable portfolios 21
- 06 Hyundai Motor India Limited126 comparable portfolios 19
- 07 BSE Limited181 comparable portfolios 19
- 08 CIE Automotive India Limited39 comparable portfolios 19
- 09 Ather Energy Limited109 comparable portfolios 17
- 10 Premier Energies Limited86 comparable portfolios 16
Most complete exits
↗CompanyExits
- 01 Vedanta Limited193 comparable portfolios 39
- 02 Bank of Baroda205 comparable portfolios 22
- 03 State Bank of India467 comparable portfolios 20
- 04 Lupin Limited166 comparable portfolios 20
- 05 TVS Motor Company Limited279 comparable portfolios 20
- 06 Infosys Limited409 comparable portfolios 19
- 07 SBI Cards and Payment Services Limited89 comparable portfolios 18
- 08 GAIL (India) Limited150 comparable portfolios 18
- 09 Hero MotoCorp Limited227 comparable portfolios 18
- 10 Indian Bank158 comparable portfolios 17
Most widely held stocks
CompanyAMCs
- 01 ICICI Bank Limited497 portfolios 34
- 02 HDFC Bank Limited478 portfolios 34
- 03 State Bank of India458 portfolios 34
- 04 Bharti Airtel Limited455 portfolios 34
- 05 Axis Bank Limited429 portfolios 34
- 06 Larsen & Toubro Limited385 portfolios 34
- 07 Bharat Electronics Limited346 portfolios 34
- 08 NTPC Limited345 portfolios 34
- 09 Reliance Industries Limited415 portfolios 33
- 10 Kotak Mahindra Bank Limited399 portfolios 33
Broader ownership
↗CompanyΔ AMCs
- 01 Hyundai Motor India Limited26 AMCs now +5
- 02 Oil India Limited29 AMCs now +5
- 03 GUJARAT ENERGY LIMITED13 AMCs now +4
- 04 Honasa Consumer Limited15 AMCs now +3
- 05 Granules India Limited18 AMCs now +3
- 06 Nuvama Wealth Management Limited18 AMCs now +3
- 07 Union Bank of India26 AMCs now +3
- 08 Cera Sanitaryware Limited12 AMCs now +3
- 09 JINDAL STEEL LIMITED25 AMCs now +3
- 10 Siemens Limited24 AMCs now +2
Narrower ownership
↗CompanyΔ AMCs
- 01 Asian Paints Limited28 AMCs now -4
- 02 Tata Motors Limited25 AMCs now -4
- 03 Vedanta Limited25 AMCs now -4
- 04 Kajaria Ceramics Limited16 AMCs now -4
- 05 Kalyan Jewellers India Limited19 AMCs now -4
- 06 United Breweries Limited14 AMCs now -4
- 07 ICICI Prudential Life Insurance Company Limited22 AMCs now -4
- 08 NCC Limited15 AMCs now -4
- 09 JSW Steel Limited28 AMCs now -3
- 10 KPIT Technologies Limited20 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 | May 2026 | Monthly | Aug 2026 |
| SIP contribution & assets | May 2026 | Monthly (from Jun 2024) | Aug 2026 |
| New fund offers | May 2026 | Monthly | Aug 2026 |
| Fund-house assets & market share | Jan–Mar 2026 | Quarterly average | Apr–Jun 2026 |
| Equity holdings | May 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 →