AMFI’s September 2026 data show a shift in net inflows across select equity mutual fund categories. How did large-cap, dividend yield, and sectoral funds perform across different time horizons? We compare category flows and scheme returns to examine the changing performance landscape.
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Association of Mutual Funds in India's (AMFI) latest data offers insight into how investor flows changed across equity mutual fund categories in September 2026.
While some categories moved from net outflows in August to net inflows in September, their return performance over different investment horizons varied.
Here is a look at the monthly flows and returns of large-cap, dividend yield and sectoral mutual funds, along with the schemes that led the performance rankings across different periods.
How did these 3 equity mutual fund categories perform?
| Equity mutual fund category | August net flows ( ₹ crore) | September net flows ( ₹ crore) | September 2026 month returns | YTD returns | 3-year returns | 5-year returns |
| Large-cap fund | -1,147.36 | 859.47 | -5.83% | -10.18% | 7.44% | 6.66% |
| Dividend yield fund | -133.57 | 179.31 | -4.97% | -7.13% | 10.01% | 10.42% |
| Sectoral fund | -53.19 | 1,840.02 | NA | NA | NA | NA |
*Source: AMFI, Value Research, Morningstar, Category-Avg CAGR as on 13 October 2026; Sectoral fund returns are not presented as a single category average because performance varies across sectors.
Sectoral funds attracted the highest inflows of ₹1,840.02 crore in September 2026, followed by large-cap funds at ₹859.47 crore and dividend yield funds at ₹179.31 crore. In August, large-cap funds saw outflows of ₹1,147.36 crore, while dividend yield and sectoral funds recorded outflows of ₹133.57 crore and ₹53.19 crore, respectively.
However, large-cap funds declined 5.83% in September, taking their year-to-date losses to 10.18% as of 13 October. Dividend yield funds fell 4.97% during the month and were down 7.13% YTD.
Which large-cap mutual fund schemes led returns?
| Fund name | YTD Returns (%) | Fund name | 3-year Returns (%) | Fund name | 5-year Returns (%) |
| Taurus Largecap Equity Fund | 3.23 | Taurus Largecap Equity Fund | 13.00 | Nippon India Large Cap Fund | 11.26 |
| Quant Large Cap Fund | 0.56 | Invesco India Large Cap Fund | 12.83 | Invesco India Large Cap Fund | 9.98 |
| Quant Large Cap Fund | 12.26 | Taurus Largecap Equity Fund | 9.60 | ||
| WhiteOak Capital Large Cap Fund | 12.04 | ICICI Prudential Large Cap Fund | 9.57 | ||
| Bandhan Large Cap Fund | 11.66 | Bandhan Large Cap Fund | 9.06 |
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