Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds attracted a record Rs 7,767 crore, followed by midcaps at Rs 6,192 crore. Largecap funds recorded their first outflow in 30 months at Rs 1,321 crore, highlighting continued investor preference for growth-oriented segments.

Among the 11 sub-categories, small-cap funds received the highest inflow at Rs 7,767 crore, marking the highest-ever inflow in the category.

Equity mutual fund inflows dropped 15% to ₹24,697 crore in July, reflecting a moderation in investment pace.