PunjiPUNJILive AI ↗

MUTUAL FUNDS · FLOW WATCH · MONTHLY

Where did money go this month? AMC × category flow heatmap — June 2026

₹28,973 crore of net new money entered equity mutual funds in June. Among the top 8 AMCs by AUM, HDFC MF and SBI MF led, together accounting for 43% of the group's combined AUM change.

HDFC MF saw the largest AUM increase this month, concentrated in Flexi Cap (+₹3,517.5 Cr). The single sharpest AUM decline was Axis MF's Sectoral book (−₹156.5 Cr), though that doesn't necessarily mean Sectoral lagged overall — see the category totals below. Small Cap was the strongest category overall (+₹9,726.4 Cr), while Sectoral lagged (+₹3,803.7 Cr). Note: this heatmap measures AUM change (flow + market appreciation), not net flow in isolation — it isn't directly comparable to the net-flow totals below.

+₹28,973 Cr

EQUITY_NET_INFLOW

−₹1,09,054 Cr

DEBT_NET_FLOW

HDFC MF

TOP_AMC_BY_AUM_CHANGE

0

AMCs_WITH_AUM_DECLINE

CHART

AMC × Category AUM change — June 2026 (₹ Crore)

HDFC MF leads in Flexi Cap. Axis MF shows the sharpest Sectoral AUM decline. Measures AUM change (flow + market movement), not net flow in isolation.

MID CAPFLEXI CAPSMALL CAPLARGE CAPMULTI CAPSECTORALHDFC MF+2806.9+3517.5+1106.6+786.3+392+1307.7SBI MF+709.9+298.6+2762.1+1536.6+513.9+1499.7Nippon MF+1419.1+203.4+3334.9+1065.5+957.6+93.5Kotak MF+2560.8+481.7+620.4+185.8+1722.5+530.5ICICI Pru-39.8+1180.5+384.5+2456.2+458.7+208.4Axis MF+223.2+450.2+1105.2+479.8+354.2-156.5Aditya Birla+180.4+555.4+248.8+101.4+198.4+141.4UTI MF+104.6+341.9+163.9-50.2+61.1+179
Inflow Outflow
ANALYST NOTE

Debt's −₹1,09,054 Cr net-flow outflow (Liquid Fund −₹42,293 Cr, Ultra Short Duration −₹11,426 Cr) tracks the normal quarter-end pattern: corporate treasuries pull cash ahead of the June 15 advance-tax deadline and typically return it the following month.