News From Press Midcap funds get ahead of largecaps in AUM race

Midcap funds get ahead of largecaps in AUM race

Source:ET Aug 16, 2024

ET Intelligence Group: The share of assets under management (AUM) by midcap funds has surpassed that of large-cap funds by 0.6 percentage point, the most on record, as per data from the Association of Mutual Funds in India. Midcap funds constitute 12.9% of the total equity AUM, compared with 12.3% for their large-cap peers. Now, mid-cap funds have become the third-largest fund category after sectoral and flexi-cap funds.

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