Mutual Fund Trends: Where Is Investor Money Moving Beyond Flexi-Cap And Large-Cap Funds?

Investor flows into large-and-mid-cap and multi-cap mutual funds remain broadly steady, with these blended categories accounting for around 8–9% of overall net flows. Shweta Rajani, Mutual Fund Head, Anand Rathi Wealth, explains that investors seeking exposure across multiple market-cap segments continue to prefer diversified categories. However, dividend yield funds have seen weaker inflows in recent months, partly due to their performance. Value and contra funds have also witnessed mixed investor interest after a strong phase for the value investing style between 2021 and 2025. Diversified funds offering flexibility in investment styles remain an important choice for investors.