3 weeks ago
Flexi cap, multi-asset funds lead mutual fund inflows
Many people put their money together into big baskets called mutual funds.
A smart person called a fund manager uses that money to buy things like shares of companies, gold, or bonds.
Different mutual funds invest in different kinds of things.
This news looked at which kinds of mutual funds Indian investors liked from December 2025 to June 2026.
The most popular were Flexi Cap funds, which got about ₹55,225 crore.
These funds let the manager decide whether to buy shares of big, medium, or small companies.
The next most popular were Multi-asset funds, which mix shares, gold, and other things in one basket.
Money also went into riskier funds that buy shares of medium and small companies.
One kind of fund, called ELSS, lost money because it was mainly used for a tax benefit that is now less useful for many people.
The article says being popular does not mean a fund is right for you.
Flexi Cap funds received the highest gross flows of ₹55,225 crore between December 2025 and June 2026.
Multi-asset allocation funds were the second-most-popular category with gross flows of ₹45,453 crore.
Mid-cap and Small-cap funds also saw buoyant inflows despite relatively stretched valuations.
ELSS funds consistently lost corpus as the New Tax Regime reduced the appeal of Section 80C (now Section 123) deductions.
The analysis is based on the AMFI Monthly Note, excluding sectoral/thematic and liquid funds.
- Who
- Indian mutual fund investors, with analysis by author Joydeep Sen based on AMFI Monthly Note data.
- What
- Analysis of mutual fund gross flows showing Flexi Cap funds (₹55,225 crore) and Multi-asset allocation funds (₹45,453 crore) leading inflows, while ELSS funds lost corpus.
- Where
- India
- When
- Between December 2025 and June 2026; the article was published on August 9, 2026.
- Why
- Investors kept building portfolios despite equity market volatility, delegating market-cap and asset-allocation decisions to fund managers; ELSS declined because the New Tax Regime made tax-saving deductions less relevant.
Key facts
- Top gross-flow category
- Flexi Cap funds – ₹55,225 crore (Dec 2025–Jun 2026)
- Second-top gross-flow category
- Multi-asset allocation funds – ₹45,453 crore
- Other strong categories
- Mid-cap and Small-cap funds
- Category losing corpus
- Equity Linked Savings Schemes (ELSS)
- Data source
- AMFI Monthly Note
- Excluded categories
- Sectoral/Thematic funds and liquid funds
- Author
- Joydeep Sen, corporate trainer (financial markets)
- Published
- August 9, 2026
Sources
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