Equity MF inflows fall 15% to ₹24,697 crore in July

Equity mutual fund inflows in India dropped by 15% in July to ₹24,697 crore compared to the previous month. Despite this decline, the overall mutual fund industry saw a significant turnaround due to strong performance in debt-oriented schemes.
Why it matters
The data reflects shifting investor sentiment and capital allocation patterns within the Indian financial market.
Equity mutual fund schemes witnessed a 15% month-on-month decline in net inflows to ₹24,697 crore in July, according to data released by industry body Amfi on Tuesday (August 11, 2026).
Such schemes garnered a net inflow of ₹28,973 crore in June.
The July data showed continued resilience in equity mutual fund investments, although the pace of inflows moderated from the previous month.
Among equity categories, smallcap funds attracted the highest net inflows of ₹7,768 crore in July, followed by midcap funds at ₹6,192 crore and flexicap funds at ₹4,710 crore. Largecap funds received ₹1,322 crore during the month.
"July's mutual fund flow data is broadly in line with expectations, with investor interest in diversified equity categories remaining steady," Santosh Joseph, CEO, Germinate Investor Services, said.
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