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Small-cap mutual funds attract steady inflows in 2025
Investor inflows into small-cap mutual funds stayed resilient in 2025, supported by valuation normalization despite muted returns and ongoing market volatility.
Small-cap mutual funds recorded net inflows of approximately ₹440 billion during 2025 despite negative year-to-date returns. Fund flows improved toward the latter part of the year as valuations moderated closer to five-year averages. November data showed renewed investor participation, even as volatility persisted across broader equity segments and performance remained uneven among small-cap stocks.