Which equity mutual fund categories remained investors' favourite in FY24?
ETMutualFunds further analysed the data to find out which equity categories remained investors' favourite during the year.
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Around four equity mutual fund categories received inflows of more than Rs 20,000 crore in FY24. Smallcap funds gained the maximum traction and received a total inflow of Rs 40,282.73 crore in FY24.
Sectoral/thematic funds received the second highest inflows of Rs 38,220.14 crore during the year.
Midcap and multicap funds received inflows of around Rs 21,000 crore each. Midcap funds received total inflows of Rs 21,208.74 crore between April 2023 to February 2024. Multicap funds received total inflows of Rs 21,131.04 crore during the year.
Dividend yield funds witnessed total inflows of Rs 3,147.94 crore in FY24.
Three categories saw outflows in FY24. Focused funds witnessed the highest outflows of Rs 4,123.44 crore during the year. The category witnessed outflows for three consecutive months starting from December 2023 to February 2024.
Largecap funds witnessed total outflows of Rs 2,741.08 crore. ELSS Funds saw total outflows of Rs 748.76 crore in FY24.
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We considered all equity categories such as largecap, mid cap, large & mid cap, ELSS, flexi cap, focused fund, multicap, smallcap, value, and contra fund categories.
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