# Small and mid-cap funds draw Rs 48,500 crore in first four months of FY27 2026-08-17T20:36:33+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet (2 source reports) Investors are pouring money into small-cap and mid-cap funds, pulling nearly Rs 48,500 crore in the first four months of FY27, while large-cap funds attracted only Rs 4,863 crore in the same period, the Economic Times reports. Small-cap funds alone received Rs 25,200 crore, almost half of the Rs 51,000 crore invested in all of FY26. Mid-cap funds garnered Rs 23,218 crore, about 44% of last year's total. The rush follows strong earnings from smaller companies. According to Capitaline data cited by the Economic Times, aggregate net profit for a sample of 213 small-cap firms surged 42.5% in the June quarter, the biggest jump in six quarters. Revenue rose 19.3%. Among 113 mid-cap firms, revenue climbed 20% and operating profit rose 27%, extending double-digit growth to 13 quarters. The BSE SmallCap Index rose 6.8% and the MidCap Index gained 9.4% over the past 12 months, while the Sensex fell 4.4%. "Since September, many small-cap companies have strengthened balance sheets," Dinshaw Irani, CEO of Helios Capital Asset Management, told ET, adding that large-cap IT and FMCG sectors face earnings pressure. The Nifty SmallCap 250's price-to-earnings ratio stands at 32 times, above its five-year average of 29, while the Nifty MidCap 150's PE of 33 is slightly below its five-year average of 34. ## Coverage - economictimes.indiatimes.com - economictimes.indiatimes.com (2) This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-18T03:37:44+00:00. Tags: BSE 150 MidCap Index, BSE 250 SmallCap Index, BSE Sensex Canonical: https://indianopinion.org/small-and-mid-cap-funds-attract-rs-48500-cr-in-first-four-months-of-fy27/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/small-and-mid-cap-funds-attract-rs-48500-cr-in-first-four-months-of-fy27/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/