AMFI Data

Hybrid funds offer exposure to multiple asset classes through a single scheme. But how have different hybrid fund categories performed? Here’s a look at the top and bottom performers based on 3-year SIP returns.

Four equity fund categories — large-cap, dividend-yield, value, and ELSS — saw net outflows in July despite mostly positive returns. Experts explain the key reasons behind the trend and what investors should consider before making changes to their portfolios.

Small-cap mutual funds attracted a record ₹7,768 crore in July, while large-cap funds saw their first outflow in 30 months. The sharp shift in equity fund flows raises questions about small-cap exposure, portfolio diversification and the right level of equity risk for investors.

According to data from the Association of Mutual Funds in India (AMFI), multi-asset allocation funds attracted inflows of ₹4,810.76 crore in June, up from ₹3,928.51 crore in May, reflecting a 22.46% MoM increase.

Retail investors pumped more money into mid-cap and small-cap funds than flexi-cap funds in June for the first time since Dec 2023. Experts say improving earnings visibility, stronger returns and attractive valuations drove the shift, while cautioning against reading too much into one month's data.

Gold ETF inflows rebounded sharply to ₹3,443 crore in June, reversing May's outflows as investors returned after profit booking. Experts say cooling gold prices and persistent global uncertainties revived demand for the safe-haven asset.

Investors demonstrated strong interest in equity mutual funds in June, with net inflows reaching ₹28,973 crore, up 26% from May. Mid-cap and small-cap funds led inflows, illustrating sustained confidence in India's long-term growth despite market volatility and global challenges.

According to data released by the Association of Mutual Funds in India, ELSS funds recorded net outflows of ₹650 crore in May, marking the fifth consecutive month of redemptions this year. The category has witnessed net outflows in 13 of the past 14 months.

Equity mutual fund inflows declined 40% to ₹22,907 crore in May from ₹38,440 crore in April, according to data released by the Association of Mutual Funds in India (AMFI). On a year-on-year (YoY) basis, inflows rose 20% from ₹19,013 crore in May 2025.