HDFC, Nippon, ICICI Pru and Motilal Oswal Mutual Fund Lead in Folio Additions for July to September 2025

Top mutual fund houses, including HDFC Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund, registered the highest folio additions during the July to September 2025 quarter, reflecting a growing interest from retail participants in the Indian mutual fund space.

HDFC Mutual Fund Registers Highest Folio Growth in Q2FY26

HDFC Mutual Fund saw the most significant increase in investor accounts, adding 17,01,306 new folios between July and September 2025. This translated to a 6.99% growth, taking its total folio count to 2,60,35,273. Nippon India Mutual Fund followed with 15,30,446 additions, recording a 4.58% rise, while ICICI Prudential Mutual Fund added 11,53,882 folios, marking a 4.34% increase.

Motilal Oswal and Tata Mutual Fund Also Show Strong Performance

Motilal Oswal Mutual Fund was next with 11,17,693 folios added, achieving a remarkable 10.83% growth. Tata Mutual Fund closed the top 5 with 8,22,054 new folios, representing a 9.75% increase. These firms dominated Q2 FY26, attributing the growth to rising retail investor confidence and increased SIP inflows.

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Smaller AMCs Record Significant Growth

By percentage growth, new entrants and smaller players took the lead. Angel One Mutual Fund displayed an impressive 38.16% rise, growing from 92,000 to 1,27,111 folios. Bajaj Finserv Mutual Fund saw a 30.08% increase, followed by Helios Mutual Fund at 23.71%, and Trust Mutual Fund at 21.04%. Zerodha AMC achieved 18.70% folio growth with relatively smaller absolute additions.

Overall Mutual Fund Industry Adds Over 1.15 Crore Folios

Across the board, the industry added over 1.15 crore folios in Q2 FY26. This uptrend signifies deeper penetration of mutual funds in Tier 2 and Tier 3 cities, aided by digital platforms and investor outreach programmes. New participants such as the Jio BlackRock Mutual Fund, despite lacking prior data, managed to create a significant impact by entering the top 10 list with 3,70,182 folios.

Conclusion

The mutual fund industry witnessed robust participation in Q2 FY26, with top houses like HDFC, Nippon, ICICI Pru and MoSL leading the charge. The overall growth in folios demonstrates an accelerating retail investor appetite and confidence in mutual fund investments.

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