News From Press Investors pump record sums into largecap-oriented schemes in October

Investors pump record sums into largecap-oriented schemes in October

Source: BS 3 hours ago

Two large-cap-oriented mutual fund (MF) offerings — flexi-cap funds and large-cap funds — witnessed a spike in investor interest in October amid the decline in the equity market. Both categories logged their all-time high inflows last month.

Large-cap funds, which invest at least 80 per cent of their corpus in larger companies, attracted Rs 3,452 crore in October. Inflows into flexi-cap schemes stood at Rs 5,181 crore.

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