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.
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.
Frequently asked questions
Which AMC saw the largest AUM increase in June 2026?
HDFC MF saw the single largest AMC x category AUM increase in June 2026, concentrated in Flexi Cap (+₹3,517.5 Cr). Note this measures AUM change - flow plus market appreciation - for one specific AMC-category pair, not that AMC's total inflow across all categories combined.
Did any AMC see a net AUM decline in June 2026?
Yes - the sharpest single AMC x category AUM decline in June 2026 was Axis MF's Sectoral book (−₹156.5 Cr). No AMC was net negative overall across all categories combined, though this specific AMC-category pair still declined. A single-cell decline doesn't necessarily mean that AMC or category lagged industry-wide - see the category totals for the broader picture.
How much net money flowed into equity mutual funds in June 2026?
Equity mutual funds saw +₹28,973 Cr in net inflow in June 2026, per AMFI's own monthly disclosure - this is a real net-flow figure (money in minus money out), independent of the AMC x category heatmap above, which measures AUM change (flow plus market appreciation) rather than flow alone. The two numbers aren't directly comparable: a category can show a large AUM increase purely from market gains even with modest or negative net flow, or vice versa.
What happened to debt fund flows in June 2026?
Debt mutual funds saw −₹1,09,054 Cr in net flow in June 2026. Debt fund flows are typically far more volatile month-to-month than equity, since they're heavily influenced by institutional treasury cash management (advance-tax outflows, quarter-end parking) rather than retail sentiment - a sharp swing in either direction in a single month is common and doesn't necessarily signal a shift in retail investor behavior the way an equity flow swing might.
Which category led AUM growth in June 2026?
Small Cap led with the highest total AUM change across all tracked AMCs in June 2026 (+₹9,726.4 Cr), while Sectoral lagged (+₹3,803.7 Cr). These are AUM-change totals (flow plus market appreciation) summed across the 8 AMCs tracked here, not the full industry - a category's true industry-wide ranking could differ once every AMC, not just these 8, is included.