Midcap schemes score over large, smallcaps on net inflows in 2021

Total assets under management in the open-ended equity fund space on December 2021 were Rs 13.33 trillion, up almost 47% over the year-ago period

Flows into the equity funds remained strong throughout the last calendar year, as investors continued to invest in the rising markets. However, midcap funds scored over largecap and smallcap funds with higher net inflows.

The data from Morningstar shows that net inflows in midcap funds for 2021 aggregated to Rs 10,588 crore compared with net inflows of Rs 538 crore in 2020. While net inflows for largecap and smallcap funds in 2021 gathered Rs 2,877 crore and Rs 3,833 crore respectively.

Total assets under management (AUM) in open-ended equity funds as of December 2021 stood at Rs 13.33 trillion, up