AMFI July 2026 data: Small-cap fund inflows jump 39% as equity flows moderate; debt sees major turnaround
Small-cap fund inflows surged 39% in July 2026, reaching ₹7,768 crore, despite a moderation in overall equity mutual fund inflows, which totaled ₹24,697 crore. Debt funds experienced a major turnaround, attracting ₹1.88 lakh crore after a previous outflow of ₹1.09 lakh crore in June. Analysts caution that while retail investors are favoring small- and mid-cap equities, high price-to-earnings ratios may indicate potential overvaluation risks.