Equity mutual fund inflows in India surged 56% to Rs 40,450 crore in March from Rs 25,977 crore in February, according to AMFI data. Flexi-cap funds led with a record Rs 10,054 crore, while nine categories overall saw positive inflows. Small-cap and mid-cap funds also posted strong gains amid market corrections.
AMFI data shows equity mutual funds attracted Rs 40,450 crore in March, marking a sharp 56% increase from February's Rs 25,977 crore. Flexi-cap funds topped the list with Rs 10,054 crore, their highest-ever monthly inflow and a 45% rise from Rs 6,924 crore the prior month. Juzer Gabajiwala, director at Ventura, noted, “Flexicap funds have received the highest amount in FY25-26 despite having underperformance as most funds are sticking more to largecaps.” Small-cap funds drew Rs 6,263 crore, up 61%, and mid-cap funds Rs 6,063 crore, up 51% month-on-month. Suranjana Borthakur, head of distribution and strategic alliances at Mirae Asset Investment Managers (India), said, “Small and Mid Cap funds surged 61% and 51% respectively, confirming investors are treating every correction in the SMID space as a buying opportunity. The consistency across both categories in the last two years also points to SIP discipline rather than just lump-sum chasing.” Large & mid-cap funds saw Rs 5,307 crore, a 69% jump from Rs 3,137 crore, while large-cap funds got Rs 2,997 crore, up 42%. Multi-cap funds inflows reached Rs 2,981 crore, up 54%, and focused funds Rs 2,424 crore, up 169%. Value/contra funds recorded Rs 2,155 crore, a 196% increase. Sectoral and thematic funds dipped slightly to Rs 2,698 crore, down 10%. The only outflows came from ELSS funds at Rs 437 crore and dividend yield funds at Rs 59 crore.
