Newsletter
Mutual fund data for August is out, and monthly systematic investment plan (SIP) contributions hit a record high of ₹32,297 crore, up 3.8% from ₹31,115 crore in July, according to data from the Association of Mutual Funds in India (AMFI).
What stood out: small-cap mutual funds continued to attract the most money among equity fund categories.
Small-cap funds received ₹7,973.3 crore in net inflows in August, up 2.6% from ₹7,767.5 crore in July.
Put simply, more than ₹1 out of every ₹4 invested in equity mutual funds during the month went into small-cap funds.
And the trend has picked up sharply this year. Small-cap inflows have grown from ₹2,942 crore in January to nearly ₹8,000 crore in August, making them more than 2.5 times higher.
But August wasn’t a sudden spike. Small-cap inflows rose only around 3% from July.
What stands out is their consistency, with inflows staying close to ₹8,000 crore for the second straight month, even as overall equity fund flows have fluctuated.
