loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Domestic MF inflows - midcap and smallcap funds attract higher flows

ICICIdirect Research 11 Sep 2026 DISCLAIMER

Inflows during the month of August 2026 came in higher at ₹29000 crore as compared to ₹25000 crore. Ex-NFOs, inflows were ₹26000 crore as compared to ₹24000 crore in July.
Small-cap funds continue to attract higher inflows of around ₹8,000 crore in August up from Rs 7,767 crore in July. Mid-cap funds followed with inflows of around ₹ 7,000 crore, while flexi-cap funds received ₹5,059 crore. Large-cap funds, however, witnessed an outflow of ₹ 1,147 crore in August.
YTD flows in mid cap + small cap funds are around ₹89,000 crore (43000+46000) which makes the run rate around ₹1,30,000 crore for the year 2026. Last year in CY25 total inflows in mid cap and small cap funds was around ₹1,00,000 crore (50000 crore each). Effectively, inflows into midcap and smallcap funds are growing ~ 30%.
Inflows into Small cap and mid cap funds now account for 58% of the total inflows into equity schemes as opposed to 32% last year.
In 2025, Equity oriented inflows (Equity+ ETF+ proportionate Hybrid funds inflows) were at ₹4.6 lakh crore. In last 8 months of 2026, inflows are at ₹3.4 lakh crore resulting into expected yearly run-rate of ₹5.1 lakh crore.
SIPs continue to rise with inflows in August at ₹32297 crore versus ₹31115 crore in July.

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere