Smallcap and midcap mutual funds saw stronger investor interest in August, while largecap funds continued to witness outflows for the second consecutive month, according to the latest data released by the Association of Mutual Funds in India (AMFI).
AMFI data showed that smallcap funds received the highest inflow at Rs 7,973 crore, marking the highest-ever inflow in the category. In July, the smallcap category received an inflow of Rs 7,767 crore, marking a 3% jump month-on-month.