Mid-cap AUM Jumps 32%, Small-cap Surges 40% in 5 Years: ICRA Analytics

• Mid-cap AUM grew 32.41% CAGR to ₹4.62 lakh crore, while small-cap AUM surged 39.93% CAGR to ₹3.64 lakh crore over five years.
• Mid-cap AUM nearly quadrupled and small-cap AUM increased more than fivefold since 2021.
• Monthly net inflows for mid-cap funds were ₹4,003 crore and for small-cap funds ₹3,881 crore in February 2026.
• Geopolitical tensions and foreign outflows may impact near-term performance and investor sentiment.
• SIP inflows rose 14.79% year-on-year to ₹29,845 crore in February 2026, indicating sustained retail participation.