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Inflows to equity mutual funds jump to 5-month high as midcaps, smallcaps revive


Inflows into Indian equity funds climbed to a five-month high amid signs of revival in the nation’s small- and mid-cap stocks, a battered corner of the $2.2 trillion market for two straight years.

Equity mutual funds took in 7,880 crore last month, according to the Association of Mutual Funds in India. That’s the highest since August.

A gauge of mid-cap stocks has turned a corner this year after back-to-back annual declines sparked by investor preference for larger companies amid a slowing economy. India’s main stock indexes hit record highs in early January led by a handful of stocks, similar to 2019. The rally has since spread to the broader market even as the S&P BSE Sensex logged its first loss since August last month.

Source : Live Mint

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