FundsMutual funds
What India's mutual funds own
Every month each fund house publishes the full portfolio of every scheme. Read together, the files covered ₹69.6 lakh crore in Aug 2026, 80% of the industry's assets, across 45 fund houses. Active equity funds' net buying that month was led by Life Insurance Corporation of India; the largest net sale was Icici Bank.
Written for investors and advisers who want to see inside fund portfolios, and readers following where fund money goes in the market. Portfolios to 31 Aug 2026.
What the files cover
SEBI requires every scheme to publish its full portfolio each month. These pages read every fund house's files that can be fetched automatically and check each scheme's holdings add up to its stated net assets. Some fund houses cannot be read: Nippon India, Axis and Canara Robeco forbid automated fetching on their websites, UTI's files are not yet read, and HDFC's older files are incomplete.
How much of the industry the files cover
Assets in the portfolio files read, as a share of AMFI's month-end industry AUM.
How to read it. Coverage rises as more fund houses' files became readable. So every trend on this page uses a fixed panel: only the fund houses present in every month of the last four years. A line never moves because a fund house came into the data.
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The companies funds hold most of
The largest holdings across all schemes in Aug 2026, split by the kind of fund holding them. Index funds and ETFs follow the index weights; active funds choose.
The 25 largest holdings across all mutual funds
₹ crore held, Aug 2026, fund houses in the files.
How to read it. Icici Bank is held by 643 schemes across 43 fund houses. Banks fill the top of the list: they are the largest part of the Nifty, so passive money adds to what active funds already hold.
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What active equity funds bought and sold
Net buying in Aug 2026: the change in what funds held, less what the share price did on its own. A split or a bonus does not count as buying, and a company's different share numbers are added up. Fund houses in the fixed panel only.
The largest net purchases and sales
₹ crore, Aug 2026. Twelve largest each way.
How to read it. New listings show up as pure buying because funds held none the month before. Large sales of big index names are often a fund house trimming its heaviest weight, not a view on the company alone.
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Net buying by sector
₹ crore, Aug 2026. Sectors as fund houses classify them.
How to read it. The sum over every stock in a sector. Sectors in the middle of the list, close to zero, are left out.
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A check on the method
By quarter.
How to read it. If the method works, the two should rise and fall together. They do; over two years net buying is 63% of AMFI's figure, about the panel's share of the industry less the cash funds held back.
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How much cash active equity funds keep
Cash here includes overnight lending (TREPS), Treasury bills, short-term deposits and commercial paper. A fund holds some to meet redemptions; much more is a choice not to be invested.
Cash as a share of net assets
Month-end, panel fund houses, weighted by assets.
How to read it. Across active equity funds cash is 4.1% now; the high in this window was 7.8% in Apr 2025. Small cap funds hold the most now (8.3%) and large-cap funds 2.3%. Small-cap funds usually keep more because they buy slowly in thin markets.
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Do funds hold what their category says?
SEBI requires a large-cap fund to keep at least 80% in the 100 largest companies, a mid-cap fund 65% in the next 150, and a small-cap fund 65% in the rest. AMFI publishes the list every six months; each month here uses the list already published by then.
Each category's market-cap mix
Share of each active equity category's shares by AMFI size class, Aug 2026.
How to read it. Small-cap funds have 81% in small caps and mid-cap funds 70% in mid caps, well above the minimum. Flexi-cap funds, free to buy anything, put 68% in large caps.
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How true to label, over time
Panel fund houses, from the start of the panel. A step can come from AMFI's half-yearly list reclassifying companies.
How to read it. When a small company grows into a mid cap, a small-cap fund that keeps it drifts from its label without trading. The half-yearly list moves the lines in January and July.
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Where active equity money sits
Each company's sector is the industry most fund houses assign to it in their files.
Sector weights of active equity funds, now and a year earlier
Share of the listed shares active equity funds hold, the 16 largest sectors, panel fund houses.
How to read it. The biggest fall in a year: IT - Software (−1.7 pts). The biggest rise: Capital Markets (+1.2 pts). Weights move with prices as well as with buying; the net-buying chart above separates the two.
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How concentrated active funds are
The typical fund in each category: how many listed stocks it holds and how much sits in its ten largest.
Stocks held
Median scheme, Aug 2026.
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Weight of the ten largest
Median scheme, Aug 2026.
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Focused funds may hold at most 30 stocks and do: the median holds 29, with 54% in the top ten. Small-cap funds spread widest, a median 82 stocks, because each position has to stay small enough to sell.
Debt funds: what they lend to, and what it earns
A debt fund lends to the government, banks and companies. The ratings printed beside each holding show how much credit risk a category takes; the yield to maturity is what the portfolio would earn if every bond were held to the end and repaid.
Credit quality of each debt category
Share of net assets by rating, Aug 2026, every fund house in the files. Categories by AMFI's 2026 names.
How to read it. Credit-risk funds put 65% in bonds rated AA or lower; corporate bond funds, 0%. Liquid and money-market funds hold almost only the top short-term rating (A1+) and government paper. A1+ is the short-term equivalent of AAA.
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Every rating grade, by category
Share of net assets at each grade, Aug 2026, every fund house in the files. Colour saturates at 50%.
How to read it. Read across a row for a category's full ladder. Below AAA, money sits in a handful of categories: credit-risk funds hold 32% at AA and 17% at AA−, and medium-term funds 45% across the AA grades. No category holds anything rated BBB or lower worth a column. Unrated or other is almost all InvIT and REIT units (and a little in AIF units), which some credit-risk and medium-term funds hold; unrated bonds are negligible.
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All active debt funds: holdings by rating
Share of net assets by rating, month-end, panel fund houses (the fund houses present every month for four years).
How to read it. Choose a category. Across all active debt funds, money has moved from government paper into top-rated corporate and bank paper while AA has stayed near 5%. In credit-risk funds, watch the A-and-below band: it is where defaults come from.
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What each category's portfolio yields
Asset-weighted yield to maturity of the bonds and bills held, Aug 2026. Before expenses.
How to read it. Credit-risk funds yield 8.67% against 7.65% for corporate bond funds: about 1.0 points a year for taking lower-rated borrowers. Expenses come out of these yields, and a default can wipe out years of the extra.
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Debt fund yields over time
Asset-weighted yield to maturity, month-end, panel fund houses.
How to read it. Liquid and money-market yields follow the RBI's policy rate within weeks. Gilt and corporate bond yields move with the bond market's view of rates further out. The gap between credit-risk and corporate bond funds is the price of credit risk.
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How much credit risk credit-risk funds take
Share of credit-risk funds' net assets below AAA, month-end, panel fund houses.
How to read it. SEBI requires credit-risk funds to keep at least 65% in bonds rated AA or lower, not counting AA+. This line includes AA+, so it runs a little above the regulatory measure. The share at A and below is the riskier tail.
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The workings
The question
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.