At a time when gross purchases in the small-cap funds are coming down, there is a constant high redemption pressure.
After getting more than Rs 40,000 crore of net inflows in calendar year 2023, the tide seems to be turning for small-cap funds. According to data released on March 8 by the Association of Mutual Funds of India (AMFI), the industry trade body for mutual funds, while the small-cap category continued to see robust flows of Rs 2,922 crore in February, this was down 10 percent compared with the previous month. Further, at Rs 1,808 crore, the fall-off in mid-cap fund...