Large-cap mutual funds recorded their first monthly net outflow in more than 2.6 years in July as investors booked profits after a sharp rebound in frontline stocks, according to data from the Association of Mutual Funds in India (AMFI). Small-cap funds attracted net inflows of ₹7,767 crore, up from ₹5,602 crore in June, while mid-cap funds received ₹6,192 crore, compared with ₹6,090 crore in the previous month. Overall, inflows into equity mutual funds declined 15 per cent to ₹24,697 crore from ₹28,973 crore in June. He noted that disciplined monthly investments by crores of Indian households have helped create a deep and stable pool of domestic capital. Industry assets under management rose to ₹85.76 lakh crore from ₹82.22 lakh crore in June.