Net inflows into equity mutual funds declined by 3.2% month-on-month to ₹24,269.26 crore in April, according to data released by the Association of Mutual Funds in India (AMFI) on May 9.
In April, investor sentiment appeared to shift within the equity mutual fund space, with inflows into midcap and smallcap fund categories experiencing a decline, even as largecap funds saw renewed interest.
According to data released by the AMFI, net inflows into midcap funds fell by 3.6% month-on-month to ₹3,313.98 crore. Similarly, smallcap funds witnessed a 2.3% decline in net investments, totaling ₹3,999.95 crore for the month.
Contrasting this trend, largecap funds, typically considered a safer investment avenue, recorded a 7.8% rise in inflows, reaching ₹2,671.46 crore in April.