The ‘multi-cap’ schemes — that invest at least a fourth of their corpus in large-caps, small-caps and mid-caps — have gained investor favour in recent months. The assets under management (AUM) for this equity sub-category have soared 66 per cent to Rs 44,516 crore in the past six months.
In December, the multi-cap funds saw the highest net inflows among all equity sub-categories at Rs 10,577 crore. The inflows were propelled by three new fund offers (NFOs) Axis Multicap fund, HDFC Multicap Fund, and IDFC Multicap Fund, who collectively mobilised Rs 9,509 crore. ...
