Equity MF flows surge 3-fold in Dec led by mid- and small-cap schemes

The average assets under management (AUM) of the industry rose to ₹40.76 lakh crore compared to ₹40.49 lakh crore in the previous month. Mid-cap and small-cap funds attracted the bulk of the flows with such schemes receiving flows of ₹1,962 crore and ₹2,245 crore, respectively.

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