Unfazed by market fall, largecap, flexicap MF schemes shine in Oct

Both largecap, flexicap funds saw all-time-high inflows last month

Two of the largecap-oriented mutual fund (MF) offerings — flexicap and largecap funds — witnessed a spike in investor interest in October amid a fall in the equity market.

 

Both the categories logged their all-time-high inflows last month.

 

Largecap funds, which invest at least 80 per cent of their corpus in larger companies, raked in Rs 3,452 crore during October. Inflows into flexicap schemes stood at Rs 5,181 crore.

 

The schemes, which fall into the two categories, are considered less risky compared to other equity schemes owing to their largecap tilt.

 

Flexicap schemes are free to allocate any proportion of