Amfi Data July 2026: Smallcap and midcap mutual funds continued to see strong investor demand in July 2026, even as overall inflows into actively managed equity schemes softened from June.
Actively managed equity mutual funds recorded net inflows of Rs 24,697.39 crore in July, lower than the Rs 28,973.41 crore received in June, according to monthly data released by the Association of Mutual Funds in India (Amfi).
Smallcap funds led the equity category with inflows of Rs 7,767.50 crore in July, up sharply from Rs 5,601.96 crore in June. Midcap funds also attracted Rs 6,192.31 crore during the month as against Rs 6,090.17 crore in the previous month.
Flexicap funds saw inflows of Rs 4,709.08 crore in July, although the figure was lower than the Rs 5,231.31 crore received in June. Multicap funds, meanwhile, attracted Rs 3,227.29 crore, up from Rs 3,070.26 crore in June.
The Large & Midcap category recorded inflows of Rs 3,425.34 crore in July, compared with Rs 4,321.32 crore in the previous month. Sectoral and thematic funds also continued to attract money, although inflows moderated to Rs 1,328.27 crore from Rs 1,469.26 crore in June.
Largecap funds, on the other hand, recorded an outflow of Rs 1,321.69 crore in July. In June, the category had seen an inflow of Rs 2,067.48 crore. Dividend yield, value/contra and ELSS funds also witnessed net outflows during the month.
The overall mutual fund industry recorded net inflows of nearly Rs 2.36 lakh crore in July, as against an outflow of Rs 52,948.78 crore in June, according to Amfi data. The net assets under management (AUM) of the whole mutual fund industry grew to Rs 85,75,656.52 crore, up 4.30 per cent from Rs 82,22,480.04 crore in June.
Debt Mutual Funds Flows Rebound
Debt mutual funds saw inflows of Rs 1.87 lakh crore, reversing from the outflows of Rs 1.09 lakh crore seen last month. Within the debt category, liquid funds garnered the highest inflows worth Rs 1.19 lakh crore, followed by overnight funds, which saw inflows of Rs 40,412.55 crore. Money market funds and ultra-short duration funds also saw inflows of Rs 21,180.23 crore and Rs 8,039.08 crore.
Arbitrage Schemes Lead Hybrid Funds Category
Hybrid mutual funds continued to attract investor money in July, although inflows moderated from the previous month. The category recorded net inflows of Rs 11,490.56 crore in July, compared with Rs 12,892.76 crore in June.
Arbitrage funds accounted for the largest share of inflows within the hybrid category, attracting Rs 6,502.44 crore in July, up from Rs 5,799 crore in June. Multi Asset Allocation funds followed with inflows of Rs 3,753.38 crore, although this was lower than the Rs 4,810.76 crore received in June.
Gold exchange-traded funds (ETFs) also saw continued demand, with inflows of Rs 1,558.75 crore in July. However, inflows were significantly lower than the Rs 3,443.23 crore recorded in the previous month.
Overseas Funds of Funds (FoFs) saw an outflow of Rs 90.39 crore in July, reversing from an inflow of Rs 101.81 crore in June. Flows have declined sharply from Rs 763.99 crore in May and Rs 1,660.97 crore in April, the highest monthly inflow for the category in 2026.
The slowdown can be attributed to limited headroom for overseas investments under regulatory caps, and weaker investor demand for international funds.
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