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Representative Image: These 10 mutual funds attracted the most money in August.
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Moneycontrol•01-10-2026, 12:15
Top 10 Mutual Funds in August: Inflows Don't Always Reflect Recent Performance
  • •Bandhan Small Cap Fund led August inflows with Rs 2,187 crore, marking its second consecutive month as the top magnet.
  • •Nine of August's top 10 funds were also in July's top 10, but their rankings shifted significantly.
  • •HDFC Flexi Cap Fund and Parag Parikh Flexi Cap Fund attracted substantial inflows despite negative one-year returns.
  • •Kotak Multi Cap Fund saw a 27% increase in inflows, jumping from seventh to third place in August.
  • •Fund size and longer-term track record, not just recent performance, influence investor inflows into mutual funds.

Key Questions Answered

Bandhan Small Cap Fund attracted the highest net inflows in August at Rs 2,187 crore, remaining the biggest inflow magnet for the second consecutive month. It also delivered an 11.14% return over one year and a 23.53% return over three years.

Funds with negative one-year returns still managed to attract strong investor money. HDFC Flexi Cap returned -0.95% over one year yet brought in Rs 1,144 crore, while Parag Parikh Flexi Cap posted a -4.05% one-year return but still received Rs 1,097 crore in August.

Kotak Multi Cap Fund saw one of the sharpest changes in rank, with its inflows rising 27% from Rs 915 crore in July to Rs 1,165 crore in August, pushing it up from seventh place to third.