The newly-created flexi-cap class — which requires mutual funds to take a position no less than 65 per cent of the corpus in fairness with none restrictions on investing in massive, mid or small-cap inventory — registered a web influx of Rs 35,877 crore in 2021-22.
This was the very best web influx among the many fairness classes, knowledge from the Association of Mutual Funds in India (Amfi) confirmed.
Since the creation of the flexi-cap class by capital markets regulator Sebi in November 2020, many asset administration corporations (AMCs) that had realigned their present funds into the flexi-cap class have launched multi-cap funds, whereas these AMCs that had retained their funds within the multi-cap class have began flexi-cap funds, in response to Morningstar India.
Of the Rs 35,877 crore, flexi-cap funds noticed a web influx of Rs 2,478 crore within the three months ended June 2021, Rs 18,258 crore for the quarter ended September 2021, Rs 6,191 crore for the quarter ended December 2021 and Rs 8,950 crore for 3 months ended March 2022.
While large-cap funds skilled a web influx of Rs 13,569 crore for your complete 2021-22, influx for mid-cap funds stood at Rs 16,308 crore and the identical for small-cap funds was at Rs 10,145 crore.
Apart from these, the multi-cap fund class witnessed a web influx of Rs 28,095 crore and sectoral phase noticed a web influx of Rs 27,182 crore throughout the interval underneath evaluate.
On the AUM entrance, the flexi-cap class has amassed belongings of Rs 2,25,430 crore on the finish of March 2022 by 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 famous.
In the final quarter, it had managed to surpass the belongings within the large-cap class and take the primary spot when it comes to highest belongings underneath administration (AUM), however within the quarter ended March 2022, its rank fell again to second.
Source: www.financialexpress.com”