By Mr. Umesh Sharma, CIO- Debt, The Wealth Company Mutual FundDebt-oriented mutual fund schemes witnessed a sharp reversal in July 2026 following the sizeable quarter-end redemption cycle in June. Equity fund flows slightly moderated and remained increasingly broad-based. Mid-cap funds continued to attract robust inflows of ₹6,192 crore, while small-cap funds saw stronger inflows of ₹7,768 crore, highlighting investors’ willingness to participate beyond the large-cap universe. Among hybrid strategies, arbitrage funds continued to attract strong inflows, while most other hybrid categories witnessed some moderation in investor allocations. Within passive funds, Gold ETFs saw softer inflows as gold prices remained range-bound, whereas Other ETFs recorded strong inflows of ₹9,512 crore.