A sharp rise in inflows into flexicap and hybrid mutual funds has helped several schemes cross the ₹1-trillion assets-under-management (AUM) milestone, expanding the roster of India’s biggest mutual funds and signalling growing investor interest in diversified and solution-oriented strategies.
Key Highlights
A significant uptick in flexicap and hybrid fund inflows since May 2025 has enabled at least three prominent schemes to cross the ₹1-trillion AUM mark.
Leading flexicap funds notably Parag Parikh Flexicap Fund and HDFC Flexicap Fund have recorded AUM increases of more than 50% since the start of 2025.
Flexicap and hybrid categories now dominate among the largest mutual fund schemes, supported by prominent legacy offerings in the Indian industry.
Mutual Fund Milestones and Movers
Beyond the flexicap leaders, HDFC Balanced Advantage Fund has also crossed the ₹1-trillion AUM threshold.
Several other large schemes — including HDFC Midcap Fund, SBI Equity Hybrid Fund, ICICI Prudential Multi-Asset Fund, and ICICI Prudential Largecap Fund are on the cusp of joining the ₹1-trillion club.
The inclusion of passive products further expands the league: SBI Mutual Fund’s Nifty 50 ETF and BSE Sensex ETF each manage over ₹1 trillion, with the Nifty 50 ETF exceeding ₹2 trillion in assets.
Industry Context
The growth of mega schemes reflects broader trends in mutual fund expansion, with Indian mutual fund AUM crossing major industry milestones in recent months.
Flexicap funds, by virtue of their flexible investment mandates across large-, mid- and small-cap stocks, have become particularly popular with investors seeking diversified exposure amid market volatility.
This article captures the rising prominence of diversified mutual fund categories in India’s investment landscape as AUM benchmarks continue to climb.