Investor interest in midcap and smallcap mutual funds made a strong comeback in June after moderating in the previous month. According to the latest data released by the Association of Mutual Funds in India (AMFI), equity mutual fund inflows jumped nearly 26% month-on-month, driven largely by midcap and smallcap funds emerging as the biggest contributors to the recovery.
Midcap funds attracted the highest inflows among all equity mutual fund categories at Rs 6,090 crore in June, while smallcap funds also witnessed healthy investor participation with second highest inflows in the same period. On a month on month basis, the inflows in mid cap funds and small cap funds went up by 39% and 13% respectively.