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BHEL, L&T Tech, Star Health, Dixon Tech among midcap stocks bought by mutual funds in April: Check full list here

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₹6,480 crore in April, registering a steep fall of 68% from ₹20,534 crore-worth inflows in March, as per the Association of Mutual Funds in India (AMFI).

While the large cap funds received the lowest inflows in April, inflows into midcap funds fell marginally to ₹1,782 crore from ₹2,128 crore, sequentially.

Midcap stocks have been rallying this year led by improved prospects, better performance and appealing valuations. The Nifty Midcap 100 index has outperformed the benchmark Nifty50, rallying 4.78% YTD and nearly 7% in the last one month against Nifty’s gains of 1.5% YTD and 3.07% in one month period.

The Nifty Midcap 100 index also hit a high Tuesday led by strong gains in midcap counters. Analysts believe the midcap segment is now witnessing value buying and attracting incremental money flow of the large fund houses.

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