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Business EconomyPosted at: Sep 11 2023 7:15PM


Small-cap funds grow to Rs 1.82 lakh cr by July end

Mumbai, Sep 11 (UNI) Asset under management (AUM) of small-cap funds in India has grown from Rs 38,820 crore as of May 2020 to Rs 1.82 lakh crore at end of July 2023, while the number of folios (individual investors) have also grown from 52 lakh to 1.16 crore during the same period.
Net inflows in small-cap funds were Rs 4,174 crore in July, accounting for 55 per cent of the total inflows.
Many small- and mid-cap companies are benefiting from themes such as “Make in India” and “China Plus One”.
In Financial Year 2022-26 period, the domestic electronics market is expected to grow at (+) 18 per cent CAGR to USD 225 billion by FY26, fostering a robust growth cycle for the Indian electronics manufacturing services (EMS) sector.
India has set a target of achieving 450GW of renewable energy capacity by 2030, with a significant portion derived from solar sources.
In textiles sector, companies present in home textiles and garmenting are trying to grab the large export opportunity, a press release said here on Monday.
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Tags: #Small-cap funds grow to Rs 1.82 lakh cr by July end
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