In Q1 FY 2026, HDFC Mutual Fund topped the sector by incorporating 10.7 lakh new folios, with Motilal Oswal MF (9.66 lakh) and Nippon India MF (9.24 lakh). ICICI Prudential MF (8.18 lakh) and PPFAS MF (5.70 lakh) completed the top five.
Tata MF, SBI MF, Bandhan MF, Kotak MF, and DSP MF also ranked among the top 10 for total folio increases.Significantly, the new AMCs Unifi MF and Angel One MF achieved remarkable folio growth of 220% and 175%, respectively.The mutual fund sector experienced an increase of 72.6 lakh folios, increasing from 23.24 crore in March 2025 to 23.96 crore in June 2025.
Despite the trend, five AMCs—Quant, Navi, PGIM India, Axis, and Shriram MF—saw a drop in folio numbers during the quarter.
