Net investments in active equity mutual fund (MF) schemes rose to 27,300 crore in December after declining to a 21month low of ₹2,260 crore in November, shows the latest data from the Association of Mutual Funds in India (Amfi).
The rebound in net inflows was driven by a surge in investments and moderation in redemptions. While the inflows into these schemes rose 5 per cent month-on-month (MoM) in December, the redemptions were 14 per cent lower compared to November.
The highest net inflows among active equity schemes were in mid-cap and small-cap funds.
"This (the jump in net inflows) was led by increased flows in mid-cap and small-cap categories which, after the recent fall, have started to look attractive in terms of valuations," said Akhil Chaturvedi, chief business officer, Motilal Oswal AMC.
"With persistent volatility in stock markets and the performance gap opening up between large-cap funds and small-cap & mid-cap funds, investors are now opting for value plays," said Gopal Kavalireddi, head of research at FYERS.
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