Large- and Mid-Cap Mutual Fund Inflows Nearly Double to ₹8,484 Crore in October 2026

Key Takeaways

• Large- and mid-cap mutual funds received ₹8,484.23 crore in October, compared with ₹4,271.22 crore in September.
• Flexi-cap fund inflows declined approximately 25.7% to ₹4,979.95 crore, while small-cap inflows fell to ₹6,407.50 crore.
• Large- and mid-cap schemes recorded the highest net inflows among equity mutual fund categories during October.

Large- and Mid-Cap Funds Lead October Equity Collections

Large- and mid-cap mutual funds attracted nearly twice the net investments recorded in the preceding month, emerging as the largest recipients of equity fund inflows in October 2026.

According to the Association of Mutual Funds in India (AMFI), these schemes collected ₹8,484.23 crore in net investments, compared with ₹4,271.22 crore in September.

The increase amounted to approximately ₹4,213 crore, or 98.6% month-on-month.

The higher inflows stood out against an overall decline in net collections across equity-oriented mutual funds during October.

Large- and mid-cap schemes invest across both large-capitalisation and mid-capitalisation companies within the allocation requirements specified for their category.

Flexi-Cap and Small-Cap Inflows Decline

Other major equity categories recorded lower inflows during October.

Flexi-cap funds received approximately ₹4,979.95 crore, compared with ₹6,701.80 crore in September.

This represented a month-on-month decline of approximately 25.7%.

Small-cap mutual funds attracted ₹6,407.50 crore, down from ₹9,038.57 crore in September, a reduction of around 29.1%.

Mid-cap funds also reported lower inflows, declining to approximately ₹4,892.62 crore from ₹7,834.84 crore.

The decline in these categories contributed to the moderation in overall equity mutual fund inflows.

How Other Equity Categories Performed

Large-cap mutual funds recorded a comparatively modest increase in net investments.

Inflows into the category rose to approximately ₹1,032 crore from ₹859 crore in September.

Multi-cap fund collections declined to around ₹2,978 crore from ₹3,860 crore, while sectoral and thematic categories also recorded weaker inflows.

Contra funds moved from net outflows in September to positive net inflows of approximately ₹1,694 crore in October.

The mixed category-level trends indicate that the changes in equity fund inflows were uneven rather than uniform across the industry.

What the Data Shows

October's figures highlight a shift in the distribution of net investments between equity mutual fund categories.

Large- and mid-cap funds accounted for approximately one-quarter of total equity mutual fund inflows during the month.

However, monthly net flows measure investment activity, not fund performance.

A category receiving higher inflows does not necessarily deliver higher returns, and a reduction in inflows does not independently establish a deterioration in portfolio performance.

The AMFI figures provide a snapshot of where net investment activity was concentrated during October.