The newly-created flexi-cap category — which requires mutual funds to invest at least 65 per cent of the corpus in equity without any restrictions on investing in large, mid or small-cap stock -- registered a net inflow of ₹35,877 crore in 2021-22, reported PTI.
This was the highest net inflow among the equity categories, data from the Association of Mutual Funds in India (Amfi) showed.
Since the creation of the flexi-cap category by capital markets regulator Sebi in November 2020, many asset management companies (AMCs) that had realigned their existing funds into the flexi-cap category have launched multi-cap funds, while those AMCs that had retained their funds in the multi-cap category have started flexi-cap funds, according to Morningstar India, Press Trust of India reported.
Of the ₹35,877 crore, flexi-cap funds saw a net inflow of ₹2,478 crore in the three months ended June 2021, ₹18,258 crore for the quarter ended September 2021, ₹6,191 crore for the quarter ended December 2021 and ₹8,950 crore for three months ended March 2022.
While large-cap funds experienced a net inflow of ₹13,569 crore for the entire 2021-22, inflow for mid-cap funds stood at ₹16,308 crore and the same for small-cap funds was at ₹10,145 crore.
Apart from these, the multi-cap fund category witnessed a net inflow of ₹28,095 crore and sectoral segment saw a net inflow of ₹27,182 crore during the period under review.
On the AUM front, the flexi-cap category has amassed assets of ₹2,25,430 crore at the end of March 2022 through new realignment of funds and new fund launches.
"The flexi-cap category now has 17 per cent of the overall assets of open-end equity funds," Morningstar India noted.
In the last quarter, it had managed to surpass the assets in the large-cap category and take the first spot in terms of highest assets under management (AUM), but in the quarter ended March 2022, its rank fell back to second.
