AMFI July 2026 data: Small-cap fund inflows jump 39% as equity flows moderate; debt sees major turnaround

Vikas Gupta, CEO & Strategist, OmniScience Capital, remained cautious. “The focus on mid- and small-cap equities remains with retail investors. Comparatively, large-cap and flexi-cap are behind in terms of inflows.” He said this could indicate retail investors are chasing earnings and stock-price momentum.