Large-cap MFs see highest inflows in 19 months

Feb 12, 2024

New Delhi: investors Large-cap oriented mutual funds attracted inflows with Rs 1,287 crore inflows in January, making it the largest inflows. Highest fund investment in 19 months, as significant gains in small and mid caps led them to book profits. This is a big change after a net outflow of Rs 281 crore in December. Also, the quantity was 80% more than this. inflow Rs 716 crore in January last year.
The latest inflows helped expand the asset base of the large-cap equity category by 26% to Rs 3 lakh crore at the end of January from Rs 2.4 lakh crore a year ago.
Large-cap-focused equity mutual funds received inflows of Rs 1,287 crore in January, according to the latest data from the Association of Mutual Funds in India (Amfi). This was the highest level since July 2022, when inflows were seen in the category. Of Rs 2,052 crore.
Given the significant rally in small- and mid-caps, investors are booking some profits and rebalancing into large-caps, said Kaustubh Belapurkar, director-manager research, Morningstar Investment Research India.
Ahead of the outflow in December 2023, the category had attracted Rs 307 crore in November and Rs 724 crore in October.

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