In 2021 -- 22 a net inflow of 35,877 crore was registered in the newly-created flexi-cap category, which requires at least 65 per cent of the corpus to be invested in equity without any restrictions on investing in large, mid or small-cap stock.
This was the highest net inflow among equity categories, according to data from the Association of India Amfi.
Since the creation of the flexi-cap category by Sebi in November 2020, many AMCs that had realigned their existing funds into the flexi-cap category have launched multi-cap funds, while those AMCs that had retained their funds in the multi-cap category have started flexi-cap funds, according to Morningstar India.
There was a net inflow of Rs 2,478 crore in 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 three months ended March 2022, for the three months ended June 2021 and Rs 35,877 crore for the quarter ended December 2021.
Inflow for mid-cap funds was Rs 13,569 crore for the entire 2021-22, inflow for medium-cap funds was at Rs 16,308 crore and the same for small-cap funds was at Rs 10,145 crore.
The multi-cap fund category saw a net inflow of Rs 28,095 crore and the sectoral segment saw a net inflow of Rs 27,182 crore during the period under review.
The flexi-cap category has had assets of Rs 2,25, 430 crore at the end of March 2022 due to new fund launches and new fund launches.
Morningstar India noted that the flexi-cap category now has 17 per cent of the total assets of open-end equity funds.
In the last quarter, it had managed to surpass the assets in the large-cap category and take the first spot in terms of highest assets under management AUM, but in the quarter ended March 2022 it fell back to second.