# Small-cap funds surge to 44% of equity inflows in September

> Small-cap and mid-cap funds captured 44% of equity mutual fund inflows in September despite market corrections.
- Title: Small-cap funds surge to 44% of equity inflows in September
- Summary: Small-cap and mid-cap funds captured 44% of equity mutual fund inflows in September despite market corrections. Small-cap and mid-cap funds attracted record…
- Keywords: small-cap funds, mid-cap funds, equity mutual funds, amfi, nifty 50, nifty smallcap 250, nifty midcap 150, september 2026, money, business, Small-cap, funds
- Source: mint — https://livemint.com/market/stock-market-news/smallcap-mid-cap-funds-grab-44-of-equity-mf-inflows-in-september-11791809100380.html
- Author: Srushti Vaidya
- Published: 2026-10-12T14:35:07+00:00
- Read time: 1 min
- Topics: small-cap funds, mid-cap funds, equity mutual funds, amfi, nifty 50, nifty smallcap 250, nifty midcap 150, september 2026, money, business
## Small-cap funds surge
Small-cap funds received net inflows of ₹9,038 crore in September, surpassing their previous record of ₹7,973 crore in August.
## Mid-cap funds rise
Mid-cap funds attracted ₹7,834 crore, exceeding their previous monthly high of ₹6,989 crore set in August.
## Market correction
Small-cap and mid-cap funds drew record monthly inflows in September even as markets corrected.
## Share of inflows
Their share of equity fund inflows eased from 51% in August to 44% in September.
## Liquidity risk
The concentration of inflows raises concerns about liquidity if investors rush to redeem holdings.
## Index performance
Small-cap indices gained 3% while large-cap indices fell 12% over the past year.
## What happens next
Liquidity risks could increase if investors start redeeming small-cap funds during market corrections.
## Key takeaway

Small-cap and mid-cap funds attracted record monthly inflows of ₹9,038 crore and ₹7,834 crore in September, accounting for 44% of total equity mutual fund inflows.