Small, midcap funds remain MF investors' top choice
Business Standard|April 23, 2024
Smallcap funds added 360,000 folios in March
ABHISHEK KUMAR
Small, midcap funds remain MF investors' top choice

Even as net flows into smallcap funds in March turned negative, for the first time in 30 months, they remained a big draw for new investors. The smallcap fund category saw a net of 360,000 investment accounts, or folios, getting added last month, the second-most among all active equity categories.

Smallcap funds' continued traction could be driven by their strong performance across timeframes, say experts. Small and midcap schemes dominate the top-performing fund lists, especially in the five-year and 10-year timeframes. Sectoral and thematic fund category, which has six times more schemes than the smallcap fund space, led the race with 817,000 folio additions in March.

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